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Listed by Anthony Walker, DRE #01908153 • Buckingham Investments, Inc
$1,350,000
Est. payment /mo
4,001 Sqft Lot
Active
679 Obispo Long Beach, CA 90814
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26122163
Style Spanish
Year Built 1930
Lot Size 4,001 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Rooms
Kitchen Oven Range - Gas
Interior
Heating Floor Furnace , Wall Furnace
Cooling None
Laundry None
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Foundation Raised
Water District - Public
Architectural Style Spanish
Others
Tax ID 7258030013
Special Listing Condition Not Applicable
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