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Triplex with Attached Garages
For Sale
$1,199,000
Pending

1735 Orizaba Avenue, Long Beach, CA 90804

Long Beach, CA

Property Size4,302 SF
Lot Size0.15 Acres
Days on Market160

Property Features for 1735 Orizaba Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Laundry Room, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bedroom 8, Bedroom 3
Parking 12
Fireplace 1
Subdivision Eastside (ES)
Lot features Front Yard
Directions Exit the 405 Fwy. at N. Lakewood and travel south, turn right at PCH, turn left at Orizaba.
Standard status Pending
APN 7259032016
Lot size 0.15 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1988
Floors in Building 2
Number of units 3
Roof type Composition
Listing Agency: Re/Max R. E. Specialists · RE/MAX International
Listed By: Kirk Saylor · License #01312394
Added: May 20 Changed: Oct 25 Last Checked: Oct 26 at 7:06PM
MLS# PW26108897

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1988, this Long Beach triplex includes three separate units on a 0.1493-acre lot. The detached front residence measures 1,596 square feet and has three bedrooms and two bathrooms. The two rear units comprise 2,706 square feet combined, with one offering three bedrooms and two bathrooms and the other providing two bedrooms and two bathrooms.

Each unit has a two-car attached garage and a two-car driveway. The property also features central heating, central air conditioning, a composition roof, public water, public sewer, and a fireplace. Located south of PCH, the property is less than 2 miles from the beach and Long Beach bike path, with access to Belmont Shore’s 2nd Street dining, shopping, and nightlife. Nieto Herrera Elementary School is nearby, and the property is convenient to Cal State Long Beach, Recreation Park Golf Course, and Marine Stadium.

Key Highlights

  • Triplex built in 1988 on a 0.1493‑acre lot
  • Front unit: 3BR/2BA and 1,596 SF; rear units: 3BR/2BA and 2BR/2BA totaling 2,706 SF
  • Each unit includes a 2‑car attached garage and 2‑car driveway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$92,496
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,920 $1.8M
Cap Rate 7%
$1,321,371 $1.3M
Cap Rate 9%
$1,027,733 $1.0M
Market Conditions
NOI Build-Up for 4,302 SF
Gross rent
$139.4K $32.40/SF
− Vacancy
−$7.2K −$1.68/SF
EGI
$132.1K $30.72/SF
− OpEx
−$39.6K −$9.21/SF
NOI
$92.5K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,920
Cap Rate 7%
$1,321,371
Cap Rate 9%
$1,027,733

Alternative Uses

Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M (±1% cap)
NOI $92,496 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M (±1% cap)
NOI $82,269 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M (±1% cap)
NOI $161,229 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,902
Businesses Nearby

Demographics for 90804, CA

39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three units include attached garages, central heating and air conditioning, and public water and sewer.
Where is this triplex located?
The property is located at 1735 Orizaba Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Triplex built in 1988 on a 0.1493‑acre lot; Front unit: 3BR/2BA and 1,596 SF; rear units: 3BR/2BA and 2BR/2BA totaling 2,706 SF; Each unit includes a 2‑car attached garage and 2‑car driveway
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