420 Orange Ave


Investment Highlights

Executive Summary

420 Orange is a sensational, fully rehabbed, turnkey, 11 unit, value add, apartment building: Large open floor plans, Oak hardwood flooring, classic kitchen & bathroom tile, original crown moldings throughout, deep built in closets, vintage cabinetry, each unit is individually metered with newer electrical/electrical panel, EQ retrofit. Laundry room, 11 garages, 26 total parking spaces, a rare find in this heavily impacted parking area. With a highly desirable unit mix (7, two beds & 4, one beds) and exquisite design, this building is a must for any investors portfolio. Located in the highly sought after neighborhood of Alamitos Beach. Alamitos Beach is arguably the fastest growing neighborhood in Long Beach due to Its close proximity to the best of what Long Beach has to offer. Nestled alongside the Ocean, and neatly positioned between Belmont shore and Downtown. This location makes for a short walk or drive to restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much more.


420 Orange Ave
3800000 List Price
11 Units
8.672 Sq.Ft
0.4118 Lot Size (Sq.Ft)
18 Bedrooms
12 Full Bathrooms
4.84% Cap Rate
13.94 GRM (Gross Rent Multiplier)
345454 Per Door
438 Per Square Foot
$345,454 Per Unit

Year Built:
Property Type:
Investment, Commercial, Multifamily