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: 14
  • Year Built: 1963
  • HOA:
  • $/Sqft: $190
  • Lot: 5,994 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 34 minutes ago
  • CRMLS last updated this listing 1 week ago

Home Features for 1622 Orange Ave , Long Beach

Overview
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Property History for 1622 Orange Ave, Long Beach

Status
Date
Price
Listed
Feb 8, 2017
$1,200,000
#PW17026667
Price Change
Aug 24, 2016
$799,000
Listed
Aug 9, 2016
$820,000
#OC16175195

Compare Similar Homes for 1622 Orange Ave, Long Beach

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8787 Shoreham Dr #1205
  • $1,185,000
  • For Sale

    01/12/2017

  • 1 Bd
  • 1 Ba
  • —/Sqft
  • Built 1963
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1622 Orange Ave
  • $1,200,000
  • For Sale

    02/08/2017

  • — Bd
  • — Ba
  • 6,329 Sqft
  • $190/Sqft
  • 5,994 Sqft Lot
  • Built 1963
1622 Orange Ave in 90813 is currently listed for 1,200,000. As of today, , this is 131% above the median price of $519,000 for the city of Long Beach, CA and 204% above the median of $395,000 for ZIP code 90813. Right now, there are 13 properties for sale in 90813 and 387 properties listed for sale in Long Beach. Those 387 properties are made up of 227 single family homes and 160 condos. The square footage of 1622 Orange Ave is approximately 6,329, which is 397% above the median size of 1,274 square feet in Long Beach and 459% above the median size of 1,132 Sqft in ZIP code 90813. This property's price per square foot is $190, which is 42% below the $328 median in 90813 and 56% below the $432 Long Beach median.
Built in 1963, this multi family house at 1622 Orange Ave is approximately 6,329 square feet and does not come with a parking spot. It is listed on 02/08/2017 for $1,200,000 with a cost per Sqft of $190. 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 has been on the market for 14 days. The median days on the market for properties in this area is 42 with a median list price of $519,000 and median cost per square foot of $432. It's currently listed as active under the MLS #PW17026667.

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