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1033 Orizaba Avenue is an excellent cash-flowing multifamily asset located in a prime Long Beach location just north of Rose Park. The property consists of eight units, including (2) 3-bedroom, 2-bath units and (6) 2-bedroom, 1-bath units, offering a versatile unit mix that appeals to a wide range of tenants"”from individuals and roommates to families seeking additional space. The property features four single-car garages, four additional surface parking spaces, a large outdoor deck above the garages, and a community laundry facility, providing desirable amenities that enhance tenant retention and livability. Additionally, the garage configuration presents a compelling value-add opportunity, as a new owner could explore the potential to convert the existing garages into up to two Accessory Dwelling Units (ADUs), further increasing income and maximizing the site's utility (buyer to verify). The asset is currently generating strong income of $16,895 per month ($202,740 annually), delivering immediate and stable cash flow. There is also meaningful upside in the current rents, most notably within one of the 3-bedroom units, offering investors the opportunity to further enhance revenue over time. 1033 Orizaba Avenue presents investors with a rare opportunity to acquire a well-located, stabilized multifamily property with both strong in-place income and clear value-add potential in one of Long Beach's most established rental markets, supported by consistent demand and proximity to employment, retail, and everyday amenities.
Property Type(s):
Residential Income
| Last Updated | 4/13/2026 | Tract | Eastside (ES) |
|---|---|---|---|
| Year Built | 1963 | Community | 3 - Eastside, Circle Area |
| Garage Spaces | 4.0 | County | Los Angeles |
Additional Details
| AREA | 3 - Eastside, Circle Area |
|---|---|
| GARAGE | Yes |
| LOT | 6752 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 6750 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Eastside (ES) |
| WATER | Public |
Location
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Listed with Pabst, Kinney & Associates
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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