679 Obispo, Long Beach, CA 90814
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- SB26122163
- Year Built
- 1930
- Lot Size
- 4,001
- Acres
- 0.09
- Lot Location
- Rectangular Lot
- Days on Market
- 49
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Carroll Park Condos (Crp)
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.
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Additional Information
- Appliances
- Gas Range
- Pool Description
- None
- Heat
- Floor Furnace, Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Flat
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Built-in Features
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $107,712
- Operating Expense
- 38639
Listing courtesy of Listing Agent: Anthony Walker (Anthony.walker@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Mortgage Calculator
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.