6140 Orange Avenue, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$1,150,000
6140 Orange Avenue, Long Beach, California 90805
0Bed
0Bath
3,335Sqft
4,619Lot
Price Vs. Estimate
The estimated value ($1,152,729.565) is $2,729.565 (0%) lower than the list price ($1,150,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strong Income Potential: As a triplex with a large owner's unit and two additional rental units, the property is explicitly marketed for its 'Great rental income' potential, appealing to investors.
Top Cons:
Property Age: Built in 1978, the property is over 45 years old, which may imply older systems (plumbing, electrical, HVAC) that could require future capital expenditures despite being well-maintained.
Compared to the nearby listings
Price:$1.15M vs avg $949.2K (+$200,800)74%
Size:3,335 sqft vs avg 1,890 sqft87%
Price/sqft:$345 vs avg $50216%
More Insights
Built in 1978 (47 years old).
Condition: The property was built in 1978, making it 46 years old. While the description mentions 'well maintained units,' the exterior images show a dated aesthetic consistent with its age, with no visible signs of recent major renovations. Crucially, there are no interior images of the kitchen or bathrooms, which typically suggests these key areas have not undergone recent modern updates. The property is likely functional but requires minor updates to bring its style and features to current standards, aligning with a 'Fair' condition.
Year Built
1978
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
OC25028026
Home ConditionFair
Features
View-
About this home
Large owners unit and duplex. One 3 bed, 2 bath unit and two 2 bed, 1 bath units with 5 garage spaces and laundry room. Very spacious and well maintained units. Each garage has a large storage space in the back. Great rental income. Perfect for owner occupant/ investor!!!
Price History
Date
Event
Price
06/03/04
Sold
$559,000
10/25/02
Sold
$374,000
Condition Rating
Fair
The property was built in 1978, making it 46 years old. While the description mentions 'well maintained units,' the exterior images show a dated aesthetic consistent with its age, with no visible signs of recent major renovations. Crucially, there are no interior images of the kitchen or bathrooms, which typically suggests these key areas have not undergone recent modern updates. The property is likely functional but requires minor updates to bring its style and features to current standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
Strong Income Potential: As a triplex with a large owner's unit and two additional rental units, the property is explicitly marketed for its 'Great rental income' potential, appealing to investors.
Versatile Buyer Appeal: The property is described as 'Perfect for owner occupant/ investor!!!', offering flexibility for buyers seeking both a residence and income, or purely an investment.
Ample Parking and Storage: The inclusion of 5 garage spaces, each with a large storage area in the back, provides significant value and convenience for both tenants and the owner.
Diverse Unit Configuration: The mix of one 3-bedroom, 2-bath unit and two 2-bedroom, 1-bath units allows for a broader tenant pool and potentially optimized rental income streams.
Well-Maintained and Spacious Units: The description highlights 'Very spacious and well maintained units,' suggesting good condition and tenant appeal, reducing immediate renovation concerns.
Cons
Property Age: Built in 1978, the property is over 45 years old, which may imply older systems (plumbing, electrical, HVAC) that could require future capital expenditures despite being well-maintained.
Limited Specifics on Modern Upgrades: While units are 'well maintained,' the description lacks details on recent modern renovations or amenities (e.g., updated kitchens/baths, central AC), which could be a drawback for some tenants or buyers seeking contemporary features.
Potentially Limited Outdoor Space: With 3335 sqft of living space on a 4619 sqft lot, the building-to-lot ratio is relatively high, suggesting potentially limited private outdoor or common recreational space for tenants.