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6508 Orange Avenue
Long Beach, CA 90805
Sold
Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless. Priced at $214,375/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.
PROPERTY INFORMATION
| MLS # | PW24105603 | Lot Size | 5,663 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,715,000
Price Per SqFt: $ 320 |
DOM | 349 Days |
| Address | 6508 Orange Avenue | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 5,354 Sq. Ft. |
| Postal Code | 90805 | Garage | N/A |
| County | Los Angeles | Year Built | 1960 |
| Bed / Bath | 2 / 0 | Parking | 4 |
| Built In | 1960 | Status | Closed |
| Sold Date | 2024-09-26 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,829
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/18/2024 | Price Change | $1,715,000 (-4.72%) |
| 05/24/2024 | Listed | $1,800,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of Rick Applebaum, Morgan Skenderian. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
