333 Orange Avenue

Long Beach, CA 90802

$2,250,000
Price
Beds
4,388 Sq. Ft.
$513 / Sq. Ft.
4,388
Sq. Ft.
$513
per Sq. Ft.

Description

Part of a 6 property portfolio that CANNOT be separated. 9plex, 8 Studios and one 2 bedroom 1 bath, 4388 Sq. Ft., 5390 lot size, built in 1923, offered at $2,250,000. Annual Collected Income FROM THE BUSINESS: $150,000, Expenses Includes New Taxes Based off Asking Price : $62,750. NOI: $87,250 Cap Rate with Business: 3.9% Value added or redevelop, great options for investor.Part of a 6 property portfolio that CANNOT be separated. 9plex, 8 Studios and one 2 bedroom 1 bath, 4388 Sq. Ft., 5390 lot size, built in 1923, offered at $2,250,000. Annual Collected Income FROM THE BUSINESS: $150,000, Expenses Includes New Taxes Based off Asking Price : $62,750. NOI: $87,250 Cap Rate with Business: 3.9% Value added or redevelop, great options for investor.
  1. Listed by Tony Morrison • DRE #01346460 • Brokerage DRE #00873752 • Lantern Bay Realty
  2. Listed by Peggy French • DRE #00455781 • Brokerage DRE #00455781 • Peggy French, Broker

Property Details for 333 Orange Avenue

Lot Size Source
Assessor
Building Area Total
4388
Building Area Units
Square Feet
Parcel Number
7275005012
Area
Downtown Area, Alamitos Beach (4)
Directions
710 Fwy Exit Ocean head towards Orange
LISTING UPDATED: 03/29/2021 01:50 AM

Property Details for 333 Orange Avenue

StatusActive
MLS #OC20245684
Days on Market1443
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1923
Lot Size0.12 AC / 5,390 SF
CountyLos Angeles County

Building Information for 333 Orange Avenue

Stories-Residences-Year Built1923Building Size-Lot Size0.12 AC / 5,390 SF

Property Information for 333 Orange Avenue

Income / Expense / Tax Details
Income Details
  • Net Operating Income: $644,975
  • Cap Rate: 7.3
Expense Details
  • Operating Expense: $312,025
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Lot Features: Level
  • Land Use: Multi-Family
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family

Property History for 333 Orange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 333 Orange Avenue

Taxable ValueLand$696,683Additions$376,562Total$1,073,245
Tax Record2024$14,892 ($1,241 / month)
Home Facts
Total Finished SqFt4,388 SqFtAbove Grade Finished SqFt4,388 SqFtLot Size5,390 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR3SCountyLOS ANGELESAPN7275-005-012

Schools near 333 Orange Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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333 Orange Avenue is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 23, 2020 by Lantern Bay Realty, it's currently listed at $2,250,000. It has been on the market for a total of 1443 days and was last sold on April 19, 2005. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 333 Orange Avenue is a 0-bed, 0-bath, 4,388 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lantern Bay Realty, Tony Morrison, DRE #01346460; Peggy French, Broker, Peggy French, DRE #00455781

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.