Home For Sale In Long Beach, California

house for sale

Listed: 05/27/24

6508 Orange Ave, Long Beach, California, 90805

16 Bed:

8 Bath:

5,354 Sq Ft Living Area:

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Price

$ 1,8M

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About This House

Pleased to present 6508 Orange Avenue, a secure 8-unit apartment building in the heart of vibrant Long Beach, California. Built in 1960, the property consists exclusively of two-bedroom/one-bathroom units. For added comfort and convenience, the property features an on-site laundry facility as well as (4) off-street parking spaces for tenants to use. This apartment building offers residents easy access to an array of local amenities including shopping centers, restaurants, entertainment venues, and recreational parks. With convenient access to major transportation routes, commuting to other parts of the city is effortless. Priced at$225, 000/unit for this unit mix, this property is one of the more affordable deals on the market. Further, through modernization of the units and increases on current rent levels that are projected to be 53% below market, this property offers phenomenal value appreciation and exceptional future cash-on-cash returns.

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Houses for sale in Long Beach

Original listing

Long Beach Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$820,250 (-12.7%)
May 2024	$939,766 (+0.6%)
Apr 2024	$934,572 (0%)
Mar 2024	$934,572 (0%)
Feb 2024	$934,572 (0%)
Jan 2024	$934,572 (+14.5%)

In June 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $820,250, a decrease of 12.7% from the previous month.

Median price trends for properties for sale in Long Beach, United States as of June 2024.

Household Income

Median household income: $61,610

Number of households: 173,432

The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.

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