Two-Parcel Apartment
New
For Sale
$2,275,000
6626 Orizaba Ave, Long Beach, CA 90805
Residential Income, Long Beach, CA
Property Size4,213 SF
Lot Size0.24 Acres
Price / SF$539
Days on Market2
Property Features for 6626 Orizaba Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR3T
Bedrooms
11
Bathrooms
9
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 8, Bedroom 5, Bathroom 2, Bathroom 7, Bedroom 11, Bedroom 2, Bedroom 7, Bedroom 10, Bedroom 6, Bedroom 8, Bathroom 6, Bedroom 9, Bathroom 5, Bedroom 4, Bathroom 9
Parking
8
Parking features
Garage, Covered, Driveway, Assigned
Directions
From the 91 Freeway, exit Atlantic Avenue, head south, turn left on Artesia Blvd, then right on Orizaba Avenue the properties will be on the right. From the 710 Freeway, exit Artesia Blvd, head east, and turn right on Orizaba Avenue.
Subdivision
North Long Beach
Standard status
Active
APN
7120-015-047
Size
4,213 SF
Lot size
0.24 Acres
Amenities
coin laundry
Building Details
Year built
1964
Floors in Building
2
Number of units
9
Flooring type
Tile, Laminate
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Jeanine Davidson · License #01980323
(949) 374-3725
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 5:06PM
MLS# 26880381
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Long Beach multifamily package includes 9 units across two continuous parcels totaling approximately 10,800 SF of land and 4,213 SF of building area. The 6626 Orizaba parcel contains a two-story, 4-unit building constructed in 1964, with 2,610 SF of improvements on a 5,339 SF lot. The 6620 Orizaba parcel adds a single-story, 5-unit building constructed in 1950, with 1,603 SF on a 5,254 SF lot. Unit configurations include one-bedroom apartments, studios, and micro-studios.
Property features include on-site parking, a detached 2-car garage, coin-operated laundry, drought-tolerant landscaping, and re-piping at both buildings. Two units at 6626 Orizaba are vacant, while the 6620 Orizaba building includes electrical upgrades to 2 units and a newer roof. The property is zoned LBR3T and is located off the 91 and 710 freeways, near local transit and major Los Angeles employment hubs.
Property features include on-site parking, a detached 2-car garage, coin-operated laundry, drought-tolerant landscaping, and re-piping at both buildings. Two units at 6626 Orizaba are vacant, while the 6620 Orizaba building includes electrical upgrades to 2 units and a newer roof. The property is zoned LBR3T and is located off the 91 and 710 freeways, near local transit and major Los Angeles employment hubs.
Key Highlights
- 9 units across 2 continuous parcels with approximately 10,800 SF of combined land
- 4,213 SF of total building area across the two properties
- 6626 Orizaba: 4 units, 2,610 SF building, 5,339 SF lot, built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The package combines two adjoining parcels with on-site parking and varied apartment layouts.
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 land; 4,213 SF of total building area across the two properties; 6626 Orizaba: 4 units, 2,610 SF building, 5,339 SF lot, built in 1964
