6140 Orange Avenue, Long Beach, California 90805, Long Beach, 90805 - 7 bed, 4 bath
ACTIVE$1,150,000
6140 Orange Avenue, Long Beach, California 90805
7Beds
4Baths
3,335Sqft
4,619Lot
Year Built
1978
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$345
HOA
-
Days on market
-
Sold On
-
MLS number
OC25028036
Home ConditionFair
Features
View-
About this home
Great Deal:The estimated price is 8% above the list price. We found 3 Cons,5 Pros. Rank: price - $1.15M(74th), sqft - 3335(87th), beds - 7(97th), baths - 4(87th).
Large owners unit and duplex. One 3 bed, 2 bath unit and two 2 bed, 1 bath units with 5 garage spaces and laundry room. Very spacious and well maintained units. Each garage has a large storage space in the back. Great rental income. Perfect for owner occupant/ investor!!!
Price History
Date
Event
Price
02/07/25
Listing
$1,150,000
06/03/04
Sold
$559,000
10/25/02
Sold
$374,000
Condition Rating
Fair
The property was built in 1978, making it 46 years old. While the description states 'well maintained units,' the exterior images show a dated appearance consistent with its age, featuring stucco and older-style wooden panels and wrought iron. Without interior photos, especially of the kitchens and bathrooms, it's impossible to assess their specific condition, style, or features. However, given the property's age and the lack of visible modern updates on the exterior, it's highly probable that interior components, including kitchens and bathrooms, are functional but outdated, requiring minor updates to meet current aesthetic and quality standards. This aligns with the 'Fair' criteria of being aged but maintained through regular upkeep, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
Strong Income Potential: This triplex is explicitly marketed for its 'Great rental income' and suitability for both 'owner occupant/ investor', indicating a robust income-generating asset.
Versatile Unit Mix: The property features a desirable unit configuration with one 3-bed, 2-bath unit and two 2-bed, 1-bath units, appealing to a broad tenant base and maximizing rental flexibility.
Ample Parking & Storage: A significant advantage for multi-unit properties, it includes 5 dedicated garage spaces, each with additional storage, enhancing tenant convenience and property value.
Well-Maintained Condition: The units are described as 'very spacious and well maintained,' suggesting good upkeep and potentially lower immediate capital expenditures for a new owner.
Desirable Property Type: As a triplex in Long Beach, it represents a solid multi-unit investment opportunity in a competitive market, offering diversified income streams.
Cons
Property Age: Built in 1978, the property is over 45 years old, which may imply aging systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades.
Limited Outdoor Space: With a lot size of 4619 sqft and a building size of 3335 sqft, the property offers minimal private outdoor space for tenants, which could be a drawback for some.
Absence of Views: The property explicitly states 'View: None,' which may limit its appeal to buyers seeking scenic vistas, especially in a coastal city where views often command a premium.