Multifamily

32 Orange Ave

Listing Price: $2,700,000

Cap Rate
4.33%
Number of Units
10
Price/Unit
$270,000
Price/Gross SF
$558.31
Gross SF
4,836

Investment Overview

Marcus & Millichap is pleased to present 32 Orange Avenue, a 10 unit investment property in Long Beach, California. The property is located between East First Street and East Ocean Boulevard Street. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 32 Orange Avenue consists of four studio units and six 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity. The property also features one garage. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents

Investment Highlights

  • Within 2 Miles From 32 Ground Up Developments
  • Featuring Recent Interior Upgrades
  • Walkers Paradise 90 Walk Score

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

Listing Price: $2,700,000

Cap Rate
4.33%
Number of Units
10
Price/Unit
$270,000
Price/Gross SF
$558.31
Gross SF
4,836

Investment Highlights

  • Within 2 Miles From 32 Ground Up Developments
  • Featuring Recent Interior Upgrades
  • Walkers Paradise 90 Walk Score

Investment Overview

Marcus & Millichap is pleased to present 32 Orange Avenue, a 10 unit investment property in Long Beach, California. The property is located between East First Street and East Ocean Boulevard Street. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 32 Orange Avenue consists of four studio units and six 1 Bedroom 1 Bathroom units. All of the units are separately metered for gas and electricity. The property also features one garage. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents

Exclusively Listed By

  • Shane Young

    First Vice President Investments

    Email Shane

    License(s): CA: 01963090

    South Bay

  • Daniel Gomez

    Associate

    Email Daniel

    License(s): CA: 02081392

    South Bay

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