1140 Orizaba Avenue, Long Beach, California 90804, Long Beach, 90804 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90804
This 4-unit Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,160,000—positioned slightly above the $1,112,600 Fair Market Value by -4%. Featuring a Fair Condition Rating, the property offers a significant 41% rental upside and Ample On-Site Parking in a high-demand, walkable submarket. With a near-perfect Walk Score of 99 and proximity to top-rated schools like Fremont Elementary, this asset provides strong long-term appreciation potential. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking stable cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1140 Orizaba Avenue Subject | $1,120,000* List Price | 0 | 0 | 2,381 | $440 | - |
A 926 928 Newport Sold | $1,085,000 | 0 | 0 | 2,193 | $495 | 0.4 mi |
B 1058 Dawson Sold | $930,000 | 0 | 0 | 2,119 | $439 | 0.5 mi |
C 1073 Orizaba Avenue Sold | $1,115,000 | 0 | 0 | 2,044 | $545 | 0.1 mi |
D 1056 Junipero Sold | $1,050,000 | 0 | 0 | 2,130 | $493 | 0.4 mi |
E 1425 Park Sold | $1,100,000 | 6 | 4 | 2,680 | $410 | 0.4 mi |
F 743 Ohio Sold | $973,000 | 0 | 0 | 2,128 | $457 | 0.4 mi |
G 1341 Stanley Avenue Active | $1,225,000 List Price | 0 | 0 | 2,456 | $499 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942, this 4-unit property is explicitly marketed as a 'value-add opportunity' with 41% rental upside, which typically indicates that kitchens, bathrooms, and interior finishes are dated and have not been renovated in over 20 years. While the exterior appears functional and well-maintained, the age and investment profile suggest it needs cosmetic updates and system modernizations to reach its full market potential.
Elementary School: Fremont Elementary School (9/10).
With a near-perfect Walk Score of 99, this 'Walker’s Paradise' location ensures high tenant demand and lower vacancy rates due to its proximity to essential amenities and local character.
The property features a substantial 41% rental upside, offering investors a clear path to increase the CAP rate from a current 4.50% to a projected market rate of 7.18%.
Originally constructed in 1942, the property may require significant capital expenditures for repairs or upgrades to aging infrastructure and systems typical of older assets.
The current CAP rate of 4.50% represents a relatively thin initial return, requiring the buyer to actively manage unit turnovers to realize the property's full financial potential.
We are pleased to present 1140 Orizaba Avenue, a 4-unit multifamily investment opportunity located in the Eastside/Circle Area submarket of Long Beach (90804). The property features an excellent unit mix of (1) 3 Bed/2 Bath, (1) 2 Bed/1 Bath, and (2) 1 Bed/1 Bath units. The large 6,531 SF lot and efficient lot coverage provides ample on-site parking, which is especially valuable in this parking impacted submarket. The property is separately metered for electricity and gas, and is not subject to local rent control (only AB1482). Priced at a 4.50% CAP Rate and 14.51 GRM on current in-place income, with upside to an achievable 7.18% Market CAP Rate and 10.31 Market GRM, the offering presents a compelling value-add opportunity with strong day one cash flow and approximately 41% rental upside. The property is strategically located in a high-demand rental pocket with a near-perfect Walk Score of 99 (“Walker’s Paradise”). Historically, walkable neighborhoods with authentic local character, limited housing supply, and established community amenities have demonstrated durable tenant demand and stronger long-term appreciation potential relative to more transient rental submarkets.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,381 | 1,977.5 | 73% |
| Lot Size | 6,351 | 6,133.5 | 55% |
| Price | $1.12M | $980.0K | 77% |
| Price per sq ft | $470 | $536 | 32% |
| Built year | 1942 | 1936 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 154 | 5% |
May 29, 2026
$1,120,000
$1,160,000
-3% Price Drop
Initial Listing
May 12, 2026
$1,160,000
Initial Listing
Nov 4, 2020
$955,000
Public Record
Jun 8, 2005
$753,000
Public Record
Sep 2, 2003
$450,000
Public Record
Dec 9, 2002
$297,000
Public Record