Long Beach, CA 90813 1622 Orange Avenue

  • MLS# SW20156343
  • 08/05/2020
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Presented By: Roark Merrill with Signature Real Estate, Inc..
  • Beds • 6
  • Baths • 6
  • Year Built • 1963

Home Details

Wonderful opportunity for a turnkey income property with long term tenants. The property consists of 5 two bedroom apartments and one huge commercial. The 2 bedroom apartments have been remodeled with quality materials and are wonderfully designed. There is a parking lot behind the rear apartment building with parking for 10 cars. There are 4 additional parking spaces between the restaurant and the rear building. The restaurant is amazing. The restaurant was build newly just 2 years ago. The concrete floors were removed and was literally designed and built from scratch. The restaurant kitchen was taken all the way down to the dirt, new plumbing and electrical, all new hood and fire suppression system. Beautiful new glass front entry with roll down steel door for added security. the restaurant tenant owns other restaurants and a bakery and is very skilled. La Espiranza was just listed as one of the top 10 underrated restaurants in Long Beach. The restaurant is currently is open and has wonderful outside seating. Never will you find such a new restaurant with apartments at this price. Over $200,000 was recently invested in the restaurant space alone.
Presented By: Roark Merrill with Signature Real Estate, Inc..

Interior Features for 1622 Orange Avenue


1st Bedroom Area Unit TypeSquare Feet
2nd Bedroom Area Unit TypeSquare Feet
3rd Bedroom Area Unit TypeSquare Feet

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesSee Remarks

General for 1622 Orange Avenue

Additional Parcels Y/NNo
Association Y/NNo
Community FeaturesCurbs, Urban
Garage Spaces0
Garage Y/NNo
HOA Fee$0
Land Lease Y/NNo
MLS Area9 - Poly High
Parking FeaturesAsphalt, Off Street, One Space, Uncovered
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Subdivision NamePoly High (PH)
TermsCash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
Total Units6
Water Sewer Expense2400

Exterior for 1622 Orange Avenue

Lot Features6-10 Units/Acre
Lot Size Acres0.14
Lot Size Area5985
Lot Size SourceAssessor
Lot Size Square Feet5985
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Total Parking0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group
Price $1,997,500
List Date 08/05/2020
Property Type Income
Phone 310.658.1749
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