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6552 Orange Avenue
USD 1,375,000
Property ID: PW23139581
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6552 Orange Avenue ,90805
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icon 5576 SqFt
icon Built in 1981
icon USD 247/SqFt
icon 0 Bed
icon 0 Full
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Location
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
4250
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1981
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Detailed Introduction Of This Home
6552 Orange Ave is a highly sought after 1981 constructed 4-unit apartment building with an attractive unit mix comprised of (1) Three- Bedroom/One-Bathroom, (2) Two- Bedroom/One-Bathroom, and (1) Studio/One-Bathroom. According to county records, the building is comprised of 4,250 +/- of rentable square feet on a 5,576 square foot lot. This is a great value-add opportunity for any investor seeking to benefit from an achievable 40% +/- upside in rental revenue. Current ownership has professionally maintained the asset and has completed several capital improvements to select units including new paint, new flooring, kitchen updates, window updates, copper plumbing and updated bathroom features, making for a hassle-free transition for the new owner. The property also features an off-street parking lot for up to 10 cars and an on-site laundry room generating additional income. Each unit is individually metered for gas and electric and the property’s landscaping needs are extremely low in maintenance costs. This property sits (15) minutes from Long Beach Airport, (30) minutes from LAX Airport, and a mere (3) minutes from major LA County highway I-91, providing easy access to Los Angeles. In addition to being situated in a regional economic and cultural city, this property has the potential for substantial cash flow which should continue to drive both population growth and increased median household income, which ultimately provides much optimism for continued rent growth within the submarket moving forward.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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6552 Orange Avenue
USD 1,375,000 0 Beds
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