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$ 1,350,000
Est. payment /mo
New
679 Obispo Long Beach, CA 90814
6 Beds
4 Baths
4,001 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Carroll Park Condos (Crp)
MLS Listing ID SB26122163
Bedrooms 6
Lot Size 4,001 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction West side of Obispo just South of 7th St.
Interior
Heating Floor Furnace
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7258030013
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Anthony Walker, DRE#01908153 Buckingham Investments, Inc