725 Orange Avenue, Long Beach CA, 90813

Active

725 Orange Avenue

Long Beach CA, 90813

$7,595,000

$300.72 per sqft

Active

42 Beds

32 Baths

25,256 sqft

Residential

Built in 1928

Listed by Jonathan Swire with The Agency 310-948-2631

2 adjacent buildings located in Alamitos Beach, Long Beach, totaling 32 units. 725 & 745 Orange - TO BE SOLD TOGETHER. Subject to AB 1482 rent control (max annual increase of CPI + 5%).The buildings feature a great unit mix for the area consisting of 22 1+1's and 10 2+1's. The property also features a ton of onsite parking (40 spaces total) which is an anomaly for the area. Onsite laundry is available as well. The property is priced at a 11.4X GRM (5.6% CAP) against in place rents. The property is professionally managed and well maintained and they are separately metered for gas and electric. There are 40 parking spaces (garages/surface) that could be repurposed into 8 ADU's total - Buyer to verify. The property is located just minutes from Downtown Long Beach where over $8BB of redevelopment is occurring. It is also a few minutes drive from the beach as well as Pikes Place featuring shopping and restaurants. For more information on the local area and all the redevelopment occurring, visit - https://la.urbanize.city/neighborhood/long-beach. EMAIL LISTING AGENT FOR AN OM INCLUDING A RENT ROLL AND ACTUAL EXPENSES.

24350369

MLSⓇ ID

January 22, 2024

Listed

February 21, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 42
Total Bathrooms: 32
Laundry Description: Common Area
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.78 Acres

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 8
Garage: No
Parking: Carport
Parking Total: 40
View: No
County: Los Angeles
Pool: No
Zoning: LBR2N

Listing Contact: 424-230-3700

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/21/2025 at 5:59 PM UTC