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6645 Orange AVE Long Beach, CA 90805
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Key Details
Sold Price $1,222,500
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID RS25191734
Year Built 1962
Lot Size 5,248 Sqft
Property Sub-Type Apartment
Property Description
Welcome to a rare investment gem offering close to 6.5% CAP RATE in the heart of Long Beach. This updated 4-Units multi-family apartment built in 1962 offers unbeatable neighborhood appeal and rental potential. There are Four spacious and well-kept two-bedroom, two-bath units.
Located close to the vibrant Bixby Knolls neighborhood, it's just minutes from Long Beach Airport, Downtown Long Beach, The Queen Mary, and both the 91 and 710 freeways, the property combines prime accessibility with strong rental appeal.
Property Highlights:
• 4 x 2BR + 2BA units, each approx. 1,062 sq?ft
• Inviting fireplaces in every unit—ideal for creating cozy living environments
• Dedicated Carport for each unit and ample street parking
• Close proximity to both the 91 and 710 freeways, hospital, schools, Lakewood Center
This property is a smart choice for investors seeking steady income, long-term demand and value appreciation. It may qualify for DSCR loan to approve the buyer without their personal income as qualification criteria. If you're looking for turnkey investment in a great area with huge growth potential, this is the right property for you.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR1N
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile, Vinyl
Fireplaces Type Living Room
Laundry None
Exterior
Parking Features Assigned, Carport
Pool None
Community Features Urban
View Y/N No
View None
Roof Type Shingle
Building
Lot Description 0-1 Unit/Acre
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Vibhor Vineet Nanda Realty Inc.
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