This beautiful Craftsman-style 3-unit property presents an exceptional investment opportunity with significant upside potential! The property features two fully rented back units and a spacious front unit with a market value lease of $3,500/month. The charming Craftsman architecture adds timeless character and appeal, making this property a standout in the area. With the front unit offering ample space, it’s an ideal opportunity for an owner-occupant to live in the front unit while generating rental income from the two back units, or to maximize the investment potential by renting out all three.
Property Highlights:
-3 units in total
-Front unit has a market value lease potential of $3,500/month
-Rear units currently generating $1,700/month and $1,730/month (each) at full occupancy
-Total Monthly Rent (for fully rented units): $6,930/month
-Annual Gross Scheduled Income (GSI): $83,160 (potential)
This is a rare opportunity to own a multi-unit Craftsman in a neighborhood where nearby single-family homes—without rental units—have sold for comparable prices. With built-in income potential, this property offers exceptional long-term value.
For sale
Listing Provided by:
Luen Song DRE #01733206 write.luen@gmail.com,
Coldwell Banker Realty
$1,199,000
1073 Orizaba Ave, Long Beach, CA 90804
--beds
--baths
2,044sqft
Est.:
Triplex
Built in 1922
-- sqft lot
$1,174,100 Zestimate®
$587/sqft
$-- HOA
What's special
Ample spaceCharming craftsman architecture
- 11 days
- on Zillow |
- 145 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: May 17, 2025 at 06:39am
Listing Provided by:
Luen Song DRE #01733206 write.luen@gmail.com,
Coldwell Banker Realty
Source: CRMLS,MLS#: PW25107437
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Heating
- Floor Furnace
Cooling
- None
Appliances
- Included: Vented Exhaust Fan, Water Heater
- Laundry: Washer Hookup, Gas Dryer Hookup, Laundry Room
Features
- Quartz Counters, Unfurnished, Bedroom on Main Level, Main Level Primary
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,044
- Total interior livable area: 2,044 sqft
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Direct Access, Driveway Level, Door-Single, Driveway, Garage Faces Front, Garage, Gated, On Site, Paved, One Space, Shared Driveway, On Street
- Garage spaces: 4
- Uncovered spaces: 4
Accessibility
- Accessibility features: Safe Emergency Egress from Home, Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Entry location: front
- Pool features: None
- Spa features: None
- Fencing: Average Condition,Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 6,729 Square Feet
- Features: 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Near Public Transit, Rectangular Lot, Sprinklers None, Street Level
Details
- Additional structures: Second Garage
- Parcel number: 7258002007
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Patio Home
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Raised
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1922
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Sidewalks, Urban
- Security: Window Bars
- Subdivision: Ross & Davidson Tract
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $587/sqft
- Tax assessed value: $439,608
- Annual tax amount: $6,123
- Date on market: 5/16/2025
- Listing terms: Cash to New Loan
- Total actual rent: 41160
- Tenant pays: Cable TV, Electricity
- Road surface type: Paved
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