Address
1075 Obispo Avenue Long Beach, CA
Price
$ 2,795,000
Property Attributes
  • ML#OC21011150
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaEastside - Circle Area
  • NeighborhoodOther
  • Zip90804
  • Style
  • Price$ 2,795,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Mike Marcu with Mike Marcu, Broker.
Data Source:
CRMLS
Property Description

We are pleased to announce the sale of 1075 Obispo a 9-unit apartment community located in Long Beach, California. This property provides the right investor an opportunity to acquire a turnkey asset that has had extensive repairs and renovations performed within the last year. Renovated in 2020 and built in 1963, 1075 Obispo is a two story, 9-unit apartment community with parking garages. It comprises all 2 / 1.0 floor plans with an average size of 750 square feet for a total rentable building area of 6,750 square feet. EXTENSIVE RENOVATIONS BY THE CURRENT OWNER The current owner has invested extensively in renovating the interiors of the units, adding quartz countertops, waterproof vinyl flooring, stainless steel appliances, modern style white cabinets with soft close, ceiling fans, new paint, and fully upgraded bathrooms with tile shower enclosures. VERY WALKABLE WITH AN 88 WALKSCORE The community features a high Walk Score of 88 meaning its very walkable and most errands can be done on foot. It is within walking distance to numerous grocery stores, restaurants, coffee shops, bars, and parks.

Price History
1/18/2021 Listed $2,795,000

General Features

Community Features Curbs, Street Lights, Sidewalks, Urban
Garage Spaces 4
Garage Y/N Yes
MLS Area 3 - Eastside, Circle Area
Open Parking Spaces 4
Parking Features Assigned
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Sewer Tap Paid
Subdivision Name Other (OTHR)
Terms Cash, Cash to New Loan
Total Units 9
Water Sewer Expense 3456

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 11-15 Units/Acre
Lot Size Acres 0.15
Lot Size Area 0.15
Lot Size Source Assessor
Lot Size Square Feet 6534
Lot Size Units Acres
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Number of Separate Water Meters 1
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90804

Price
AVG $1.53M
$2.8M
Visits
AVG 71
87
Year Built
AVG 1950
1963
Walkscore
AVG 88
94
Data Provided by Walkscore ® not using MLS data

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