679 Obispo, Long Beach, CA 90814
679 Obispo, Long Beach, CA 90814
679 Obispo, Long Beach, CA 90814
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$1,350,000
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4,003 Sqft Lot
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679 Obispo Long Beach, CA 90814

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Carroll Park Condos (Crp)

MLS Listing ID SB26122163

Construction Status Turnkey

HOA Y/N No

Year Built 1930

Lot Size 4,003 Sqft

Property Sub-Type Quadruplex

Property Description

Perfectly located Historic Rose Park South four unit property on the market for the first time in nearly 25 years. Excellent unit mix with two large 2 bed/1 bath units and two 1 bed/1 bath units full of historic charm and natural light, all with recently updated interiors. Deep lot with a detached 3 car garage plus 3 parking spaces, and a rear patio ideal for ADU development. Well priced on actual income at 12.5X GRM plus a 12% upside to 11.2X GRM and 5.6% cap rate at market rents. Separately metered for gas and electricity.

Nestled between the Rose Park and Bluff Heights neighborhoods of Long Beach. 2 blocks away from 4th Street Retro Row including popular restaurants, shops and bars. Just over 1 mile away from the beach with pedestrian access to the scenic Shoreline Bike Path. Long Beach will host 18 events during the upcoming LA28 Olympics, including several taking place right on the beach.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Interior Features Built-in Features

Heating Floor Furnace, Wall Furnace

Cooling None

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry None

Exterior

Parking Features Garage

Garage Spaces 3.0

Garage Description 3.0

Fence Wood

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 7258030013

Energy Description 841.0

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard


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Listed by Anthony Walker Buckingham Investments, Inc 310-561-4776, DRE #01908153

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Lee Williams

Lee Williams

Agent | License ID: 01726182

+1(310) 400-6389

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679 Obispo