9-Unit Apartment
For Sale
$2,275,000
6626 Orizaba Ave, Long Beach, CA 90805
Two adjoining parcels offer varied unit layouts, on-site parking, and renovation flexibility in North Long Beach.
Property Size4,213 SF
Lot Size0.25 Acres
Price / SF$539
Days on Market59
Property Features for 6626 Orizaba Ave
General Information
Standard status
Active
Size
4,213 SF
Lot size
0.25 Acres
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
One unit needs a remodel
Site & Location
Neighborhood
Mc Kinley
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2-1, 1 x 1-1, 1 x hybrid 1-1/S, 3 x studio
Multifamily Units
9
Amenities
coin laundry
Building Details
Buildings
2
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Jeanine Davidson · License #01980323
(949) 374-3725
Source:
Exprealty
Added: Sep 2
Changed: Oct 26
Last Checked: Oct 28 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
The package at 6626 and 6620 Orizaba Ave combines 9 units across two continuous parcels, with approximately 10,800 SF of combined lot area and 4,213 SF of building area. The 6626 parcel contains a 2-story, 4-unit building constructed in 1964, with four 2-bedroom, 1-bath units, two vacancies, recent window upgrades in both vacant units, updated piping, a detached 2-car garage, and on-site parking. The 6620 parcel includes a permitted addition to a single-story, 5-unit building constructed in 1950. Its unit mix includes one 1-bedroom, 1-bath unit, one 1-bedroom/studio hybrid, and three studios, including two micro-studios. Improvements include updated piping, electrical upgrades in two units, a newer roof, drought-resistant landscaping, and on-site parking.
The property is positioned near the 91 and 710 freeways, local transit, and major Los Angeles employment hubs. The two-parcel configuration also includes vacant units suitable for renovation and a detached garage with ADU conversion potential.
The property is positioned near the 91 and 710 freeways, local transit, and major Los Angeles employment hubs. The two-parcel configuration also includes vacant units suitable for renovation and a detached garage with ADU conversion potential.
Key Highlights
- 9 units across 2 continuous parcels with approximately 10,800 SF of combined lot area
- 6626 Orizaba includes a 2‑story, 4‑unit building with 2 vacant units
- 6620 Orizaba includes a single‑story, 5‑unit building with studios and 1‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,370
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,400
$1.4M
Cap Rate 7%
$1,005,286
$1.0M
Cap Rate 9%
$781,889
$781.9K
Market Conditions
NOI Build-Up for 4,213 SF
Gross rent
$134.0K $31.80/SF
− Vacancy
−$6.0K −$1.43/SF
EGI
$127.9K $30.37/SF
− OpEx
−$57.6K −$13.67/SF
NOI
$70.4K $16.70/SF
Area
ZIP 90805
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,407,400
Cap Rate 7%
$1,005,286
Cap Rate 9%
$781,889
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$879.6K – $1.17M
NOI $70,370 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,331 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining parcels offer varied unit layouts, on-site parking, and renovation flexibility in North Long Beach.
Where is this apartment building located?
The property is located at 6626 Orizaba Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 9 units across 2 continuous parcels with approximately 10,800 SF of combined lot area; 6626 Orizaba includes a 2‑story, 4‑unit building with 2 vacant units; 6620 Orizaba includes a single‑story, 5‑unit building with studios and 1‑bedroom layouts
