1075 Obispo Avenue

Long Beach, CA 90804

$2,795,000
Price
18
Beds
9
Baths
6,750 Sq. Ft.
$414 / Sq. Ft.
6,750
Sq. Ft.
$414
per Sq. Ft.

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 right
investor 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
...

Property Details for 1075 Obispo Avenue

Parking Spaces Total
8
Private Pool
No

Location

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Property Details for 1075 Obispo Avenue

StatusActive
MLS #OC21011150
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.15 AC / 6,534 SF
CountyLos Angeles County

Listing Agent

Mike Marcu

Mike Marcu

Mike Marcu, Broker

mike@mogharebi.com

P: 949.688.1224

M: 562.260.0940

DRE #00919594

Contact Agent(s)

Location

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Building Information for 1075 Obispo Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$9,367 per month

30 year fixed, 2.95% Interest

Principal and Interest

$9,367

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 1075 Obispo Avenue

Property Features
    Interior Features
  • Common Walls: 1 Common Wall
  • Laundry: Yes
  • Laundry Features: Community
  • Number of 3 Quarter Bathrooms: 0.0
  • Baths One Quarter: 0.0
  • Total Units: 9.0
    Exterior Features
  • Pool Features: None
    Parking Info
  • Carport Spaces: 0
  • Garage Spaces: 4
  • Garage Rental Rate: $100
  • Parking: Yes
  • Parking Features: Assigned
  • Uncovered Spaces: 4
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1963
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 6750
  • Building Area Units: Square Feet
  • Living Area: 6750
Community/Development / Location Info
    School/Location Info
  • Zip Code: 90804
  • Street Number Numeric: 1075.0
  • Street Name: Obispo
  • Street Suffix: Avenue
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: 10th Street to Obispo Avenue Head North
  • MLS Area Major: Eastside, Circle Area (3)
    Association Information
  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban
  • Association Fee: $.00
  • Subdivision Name: Other (OTHR)
  • Subdivision Name Other: Other
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Lot: 7258
  • Tax Tract Number: 004
  • Zoning: Assessor
    Income Details
  • Garage Income: $4,800
  • Gross Income: $5,160
  • Gross Operating Income: $195,901
  • Gross Scheduled Income: $201,960
  • Laundry Income: $360
  • Net Operating Income: $133,047
  • Vacancy Allowance: 6059
  • Vacancy Allowance Rate: 3
    Expense Details
  • Electric Expense: $640
  • Fuel Expense: $1,555
  • Insurance Expense: $2,250
  • Maintenance Expense: $4,500
  • New Taxes Expense: $35,150
  • Operating Expense: $62,855
  • Other Expense: $7,121
  • Other Expense Description: Misc.
  • Professional Management Expense: $6,233
  • Total Expenses: $62,855
  • Trash Expense: $1,950
  • Water Sewer Expense: $3,456
Unit Information
    Unit 1
  • Unit Type Actual Rent: $16,400
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 17100
  • Unit Type Units Total: 9
  • Unit Type Total Rent: $16,400
  • Unit Type Type: 1
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: Yes
  • Tenant Pays: Cable TV, Electricity, Gas
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Acres: .15
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6534
  • Lot Size Units: Acres
  • Sewer: Sewer Paid

Property History for 1075 Obispo Ave

DateEvent & SourcePriceAppreciation
Jan 18, 2021

Listed (Active)

CLAW #OC21011150MR

$2,795,000
Jan 18, 2021

Listed (Active)

SDMLS #OC21011150

$2,795,000
Jan 18, 2021

Listed (Active)

CRMLS #OC21011150

$2,795,000
DateEvent & SourcePrice
01/18/2021

Listed (Active)

CLAW #OC21011150MR

$2,795,000
01/18/2021

Listed (Active)

SDMLS #OC21011150

$2,795,000
01/18/2021

Listed (Active)

CRMLS #OC21011150

$2,795,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1075 Obispo Avenue


SchoolTypeGradesDistanceRating
Willard Elementary SchoolPublicK-50.1 mi
5
Huntington AcademyPrivateK-40.4 mi
NR
Jefferson Leadership Academies SchoolPublic6-80.5 mi
7
Oak Tree Children's CenterPrivateK0.6 mi
NR

Willard Elementary School

K-5, 0.1 mi, Public

5

Huntington Academy

K-4, 0.4 mi, Private

NR

Jefferson Leadership Academies School

6-8, 0.5 mi, Public

7

Oak Tree Children's Center

K, 0.6 mi, Private

NR

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.

Similar Homes

Similar homes comparable in price, location and layout to 1075 Obispo Avenue
$2,400,000

4231 East 10th Street
Long Beach, CA 90804

12
Beds
12
Baths
4,872
Sq. Ft.
$2,450,000

6107 Linden Avenue
Long Beach, CA 90805

19
Beds
10
Baths
6,610
Sq. Ft.
$2,500,000

545 West 3rd Street
Long Beach, CA 90802

12
Beds
12
Baths
5,440
Sq. Ft.
$3,300,000

3024 East 3rd Street
Long Beach, CA 90814

11
Beds
13
Baths
7,681
Sq. Ft.
$2,195,000

154 East Canton Street
Long Beach, CA 90806

14
Beds
8
Baths
5,298
Sq. Ft.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1075 Obispo Avenue is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on January 18, 2021 by Mike Marcu, Broker at $2,795,000. It has been on the market for a total of 46 days and was last sold on April 12, 2016. This listing's school district is Long Beach Unified School District. Nearby schools include Maple Village Waldorf School, Richard D. Browning High and Reid High School. 1075 Obispo Avenue is a 18-bed, 9-bath, 6,750 sqft multi-family home built in 1963. This address can also be written as 1075 Obispo Ave.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.