1040 Obispo Avenue
1040 Obispo Avenue
$1,040,000
5
5
2,672
2,672
$389
Closed 1/13/21
Description
All Tenants are currently paying! Great opportunity to own an updated and cash flowing 4-unit at 1040 Obispo Ave. in the highly desired Eastside Long Beach. This is a great owner/user opportunity to live in the front house and let the back units pay off your mortgage! 1040 Obispo Ave. is comprised of (1) 3-bedroom/2-bath House, (2) 1-bedroom/1-bath units, as well as (1) Studio. There are (4) garages, as well as (2) additional spaces in the front, offering (6) total spaces, a very rare commodity to...All Tenants are currently paying! Great opportunity to own an updated and cash flowing 4-unit at 1040 Obispo Ave. in the highly desired Eastside Long Beach. This is a great owner/user opportunity to live in the front house and let the back units pay off your mortgage! 1040 Obispo Ave. is comprised of (1) 3-bedroom/2-bath House, (2) 1-bedroom/1-bath units, as well as (1) Studio. There are (4) garages, as well as (2) additional spaces in the front, offering (6) total spaces, a very rare commodity to have in Long Beach. Both upstairs units at the rear of the property have been updated and are in good condition, and the current owner has also inputted a brand new electrical system throughout the property. On current rents, the asset is operating at a 4.80% Cap Rate and 14.01 GRM, with still plenty of room to grow. The Obispo property has great location in Eastside Long Beach and just North of Rose Park, including being only minutes from the 710 Freeway and $6Billion in development flooding into Downtown Long Beach. This is a perfect opportunity for any buyer or owner/user looking for a value-add Statewide property in the rapidly growing city of Long Beach.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 1040 Obispo Avenue
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2672
Assessor Parcel Number7258-005-007
Property Attached YNfalse
Location
LISTING UPDATED: 01/13/2021 01:39 AM
Property Details for 1040 Obispo Avenue
Status | Closed |
---|---|
MLS # | SB20157117 |
Days on Market | 131 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1921 |
Lot Size | 0.15 AC / 6,501 SF |
County | Los Angeles County |
Location
Building Information for 1040 Obispo Avenue
Stories-Residences-Year Built1921Building Size-Lot Size0.15 AC / 6,501 SF
Payment Calculator
$6,870 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1040 Obispo Avenue
Property History for 1040 Obispo Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1040 Obispo Avenue
Taxable ValueLand$416,160Additions$667,056Total$1,083,216
Tax Record2023$14,334 ($1,194 / month)
Home Facts
Total Finished SqFt2,672 SqFtAbove Grade Finished SqFt2,672 SqFtLot Size6,501 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLBR2NCountyLOS ANGELESAPN7258-005-007
Schools near 1040 Obispo Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Willard Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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