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    1075 Obispo Avenue

    Long Beach, CA 90804
    • $2,795,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: OC21011150
    $2,795,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,750
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    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 rightinvestor 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 renovatingthe interiors of the units, adding quartz countertops, waterproof vinylflooring, stainless steel appliances, modern style white cabinets withsoft close, ceiling fans, new paint, and fully upgraded bathrooms withtile shower enclosures.VERY WALKABLE WITH AN 88 WALKSCORE The community features a high Walk Score of 88 meaning its very walkableand most errands can be done on foot. It is within walking distance tonumerous grocery stores, restaurants, coffee shops, bars, and parks.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/113368953
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    1075 Obispo Avenue Long Beach, CA 90804

    • Price: $2,795,000
    • Status: Active
    • ID#: OC21011150
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    6,750
    SQFT
    $414
    $/SQFT
    1963
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    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 rightinvestor 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 renovatingthe interiors of the units, adding quartz countertops, waterproof vinylflooring, stainless steel appliances, modern style white cabinets withsoft close, ceiling fans, new paint, and fully upgraded bathrooms withtile shower enclosures.VERY WALKABLE WITH AN 88 WALKSCORE The community features a high Walk Score of 88 meaning its very walkableand most errands can be done on foot. It is within walking distance tonumerous grocery stores, restaurants, coffee shops, bars, and parks.
    Exterior Features

    Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 9 Open Parking Spaces 4 Parking Features Assigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalksUrban Electric Expense 640 Fuel Expense 1555 Garage YN Yes Gross Income 5160 Gross Scheduled Income 201960 Insurance Expense 2250 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 4500 Net Operating Income 133047 New Construction YN No New Taxes Expense 35150 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 62855 Other Expense 7121 Rent Control YN Yes Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 1950 Vacancy Allowance 6059 Vacancy Allowance Rate 3 Water Sewer Expense 3456 Water Source Public

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T21:42:52.41. 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 Team Forss Realty Group. Licensed in the State of California, USA.
     
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