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5497 Orange Avenue, Long Beach, California 90805, Long Beach, 90805 - bed, bath

5497 Orange Avenue, Long Beach, California 90805 home-pic-0
ACTIVE$1,145,000
5497 Orange Avenue, Long Beach, California 90805
0Bed
0Bath
3,315Sqft
5,040Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Rental Location: Situated in a solid North Long Beach rental location with convenient access to a wide variety of activities, retail amenities, and key employment centers like Long Beach Airport and the Port of Long Beach, ensuring strong tenant demand.
Top Cons:
Outdated HVAC System: Units are equipped with gas wall heaters and no mention of central air conditioning, which can be less efficient, less comfortable for tenants, and potentially impact rental appeal in warmer climates.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1954 (71 years old).
Condition: Built in 1954, this property is 70 years old. While the description states 'in great condition thanks to quality management' and the exterior appears maintained, the visible features such as older windows, gas wall heaters, and window AC units indicate that the property has not undergone extensive recent renovations. Without interior photos, it's presumed that kitchens and bathrooms are functional but dated, consistent with a property of this age that has received regular upkeep but not a modern overhaul. Major components are functional but show signs of being outdated.
Year Built
1954
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
OC25190424
Home ConditionFair
Features
View-

About this home

The Orange Ave Apartments are located at 5497 Orange Ave in a solid North Long Beach rental location. This garden-style two-story walkup is partially single-story construction and in great condition thanks to quality management. The property is nicely landscaped and has separate gas and electric meters. The building has gated pedestrian access, garage parking, on-site laundry, and a 100-gallon water heater. The units have gas wall heaters and stovetop ranges and ovens. The strong City of Long Beach location at Orange Ave and Market St offers an investor the ability to attract quality residents seeking a well-located residence with convenient access to a wide variety of activities and retail amenities. Nearby are Long Beach Airport, Virginia Country Club, Long Beach Exchange, Skylines at Long Beach, Hilltop Park, and the Port of Long Beach. The overall demand for well-located apartments like this will be a key driver in the continued growth for the Orange Ave Apartments in Long Beach, California.

Condition Rating
Fair
Built in 1954, this property is 70 years old. While the description states 'in great condition thanks to quality management' and the exterior appears maintained, the visible features such as older windows, gas wall heaters, and window AC units indicate that the property has not undergone extensive recent renovations. Without interior photos, it's presumed that kitchens and bathrooms are functional but dated, consistent with a property of this age that has received regular upkeep but not a modern overhaul. Major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Rental Location: Situated in a solid North Long Beach rental location with convenient access to a wide variety of activities, retail amenities, and key employment centers like Long Beach Airport and the Port of Long Beach, ensuring strong tenant demand.
Well-Maintained Condition: The property is described as being in 'great condition thanks to quality management,' suggesting lower immediate maintenance needs and a well-preserved asset.
Separate Utility Meters: The building features separate gas and electric meters, which is a significant advantage for landlords as tenants are responsible for their own utility consumption, reducing operating costs.
Tenant-Friendly Amenities: Offers attractive amenities for residents including gated pedestrian access, garage parking, and on-site laundry facilities, enhancing tenant satisfaction and retention.
Curb Appeal: The property is nicely landscaped, contributing to a positive first impression and overall aesthetic appeal for prospective tenants.

Cons

Outdated HVAC System: Units are equipped with gas wall heaters and no mention of central air conditioning, which can be less efficient, less comfortable for tenants, and potentially impact rental appeal in warmer climates.
Age of Building: Constructed in 1954, the property, despite being well-maintained, may have aging infrastructure (e.g., plumbing, electrical) that could require significant capital expenditures in the future to modernize or replace.
Central Water Heater Capacity: The property relies on a single 100-gallon water heater for the entire building, which may be insufficient to meet the hot water demands of multiple units simultaneously, potentially leading to tenant dissatisfaction.

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