1622 Orange Ave
Long Beach, CA 90813

Bd   — Ba   6,329 Sqft
1622 Orange Avenue is a mixed-use property in Long Beach, California. It is located just south of Pacific Coast Highway near the intersection of Alamitos Avenue and East 17th Street. The property is just steps from Rosa Parks Park, one-third of a mile from each Long Beach Polytechnical High School, Whittier Elementary School and Long Beach City College’s Pacific Coast Campus. 1622 Orange Avenue comprises two buildings that offer a total of five two-bedroom/one-bath units and one commercial space. The commercial space was previously used as a bar and is currently available for lease. A billboard atop the front building is leased month-to-month and generates additional income. This property is lender-owned and is an REO sale; the seller will consider financing a qualified buyer. With current rents below market rates, 1622 Orange Avenue presents an excellent opportunity for an astute investor to add value and capture substantial upside in rents.
  • Neighborhood: Central Long Beach
  • Days on Movoto: 41
  • Year Built: 1963
  • HOA: $0 HOA
  • $/Sqft: $174
  • Lot: 5,718 Sqft
  • Property Type: Multi Family
  • MLS#: PW17026667
  • MLS:
  • Listing Office: Steven M. Bogoyevac, Broker
  • Listed By: Steven Bogoyevac
  • Movoto last checked CRMLS for new data 14 hours ago
  • CRMLS last updated this listing 2 months ago
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Property History

Status
Date
Price
Sold
Mar 21, 2017
$1,100,000
Pending
Mar 9, 2017
Price Change
Mar 6, 2017
$1,100,000
Listed
Feb 8, 2017
$1,200,000
#PW17026667
Price Change
Aug 24, 2016
$799,000
Listed
Aug 9, 2016
$820,000
#OC16175195
As of today, there are 20 properties listed for sale in ZIP code 90813 and 467 properties listed for sale in the city of Long Beach, CA. This property at 1622 Orange Ave in 90813 was last listed for $1,100,000. This is 83% above the current $599,900 median price for Long Beach and 184% above the median of $387,450 for 90813. Of the 467 properties for sale in Long Beach, 303 are single family homes and 164 are condos. 1622 Orange Ave is a multi family home that is approximately 6,329 square feet, 352% above the Long Beach median of 1,400 and 408% above the 90813 ZIP code median of 1,245. The price per square foot was $174 which is 50% below the current median price in 90813 of $351 and 60% below the Long Beach median of $435 per square foot.
Built in 1963, this multi family house at 1622 Orange Ave, Long Beach CA, 90813 is approximately 6,329 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $174. 1622 Orange Ave is located in the Central Long Beach neighborhood in the Long Beach Unified School District. The closest school is Whittier Elementary School.

1622 Orange Ave, Long Beach CA, 90813 was on the market for 41 days. The median days on the market for properties in this area is 31 with a median list price of $599,900 and median cost per square foot of $435. Its current status is sold under the MLS #PW17026667.

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