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1545 Obispo Avenue

Long Beach, CA 90804
  • $2,999,999
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: PW23146802
UPDATED: 10 min ago
$2,999,999
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Daniel Gillin of Berkshire Hathaway Homeservices California Properties (562-989-4608)


Description

Just Listed! Welcome to 1545 Obispo in Long Beach! This is an 8-Unit Apartment Building, Fully renovated in 2019! Each unit is a 640 Sqft 2 Bedroom / 1 Bath. All units are occupied with full time tenants. There are 8 Parking spots behind the building and 1 garage attached to the front unit. The front unit also has a gated patio in front, and 5 of the other units have balcony space upstairs. Shared Common area Laundry room. Current leases in place bring in between $2000-$2350 Per month rough total $17,500 gross monthly rent, with options to renew leases and raise rent! Do not miss out on this great investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142224241
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1545 Obispo Avenue Long Beach, CA 90804

  • Price: $2,999,999
  • Status: Active
  • On Site: 51 Days
  • Updated: 10 min ago
  • MLS #: PW23146802
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1963
Built
Neighborhood:
Eastside (Es)
County:
Los Angeles
Area:
3 - Eastside, Circle Area
Property Description
Just Listed! Welcome to 1545 Obispo in Long Beach! This is an 8-Unit Apartment Building, Fully renovated in 2019! Each unit is a 640 Sqft 2 Bedroom / 1 Bath. All units are occupied with full time tenants. There are 8 Parking spots behind the building and 1 garage attached to the front unit. The front unit also has a gated patio in front, and 5 of the other units have balcony space upstairs. Shared Common area Laundry room. Current leases in place bring in between $2000-$2350 Per month rough total $17,500 gross monthly rent, with options to renew leases and raise rent! Do not miss out on this great investment opportunity!
Exterior Features

Entry Level 1 Entry Location Front Door Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 8 Parking Features Assigned Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Condominium Community Features Street LightsSidewalksUrban Current Financing Conventional Electric Expense 340 Fuel Expense 0 Garage YN Yes Gross Income 17500 Gross Scheduled Income 17500 Insurance Expense 3586 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 ExchangeFha Net Operating Income 165000 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 45000 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 4000 Water Sewer Expense 4000 Water Source Public Zoning Lbr2n



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T18:37:03.64. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Daniel Gillin of Berkshire Hathaway Homeservices California Properties (562-989-4608)