1413 Obispo Avenue, Long Beach, CA 90804

$1,495,000
5,056
SqFt
List Price
$1,495,000
Status
ACTIVE
MLS#
OC19111177
Year Built
1929
Living Sq. Ft
5,056
Lot Size
7,425
Acres
0.1705
Lot Location
Near Public Transit
Days on Market
8
Property Type
Multifamily

Property Description

The Obispo Avenue Apartments is a pride of ownership, six-unit, multi-family community in the City of Long Beach. Located at 1413 Obispo Avenue, this investment presents a stable, low expense, turn-key opportunity with a 5.43% CAP Rate and 8.15% Total Return on current income. The subject property has two buildings which sit over a 7,426 square foot lot. The front building is comprised of (4) two bedroom/ one bath units, and the rear building is comprised of (2) one bedroom/ one bath units above four garages. The building has recently gone through extensive renovations and upgrades of interiors and exterior. Some of the upgrades include but are not limited to: new cabinetry, new PEX plumbing, updated electrical, granite counter tops, new kitchens, new bathrooms, new windows, new appliances, and new flooring. Some tenant amenities include washer/dryer hookups, ample on-site parking, and enclosed garages.

Additional Information

Tract Number
7-183
Lot Description
Curbs, Sidewalks, Storm Drains, Street Lights
Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Greg Bassirpou from Marcus & Millichap RE Invest

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.