1075 OBISPO AVENUE, LONG BEACH, CA 90804

  • 7,632 sqft
  • Lot Size: 6,501 sqft
  • Built in 1963
  • MLS #SB21192388
For Sale $2,795,000

Description

1075 Obispo Ave. is a meticulously renovated 9-unit apartment complex in Long Beach, California. The seller spent roughly $200,000 on capital improvements. The offering is only two miles from CSULB in prime Eastside Long Beach and is a “walker’s paradise” boasting a walk score of 94 which allows daily errands to be done on foot. The building is exclusively comprised of spacious two-bedroom/one-bathroom units totaling 7,632 square feet. The property has secure gated entry and a common laundry room for the tenant's convenience and there are four individual garages and four open parking spaces in the rear of the building. Extensive interior renovations include quartz countertops, waterproof vinyl flooring, stainless steel appliances, modern style white shaker cabinets with soft close, ceiling fans, new paint, and fully upgraded bathrooms with ceramic tile shower enclosures. Exterior renovations include new paint, new security screen doors, new lighting, landscaping, fence and mailboxes. 1075 Obispo Avenue’s location, cashflow, attractive financing and high-end renovations provide a new investor the opportunity to own an improved asset that will minimize their cost, maximize their return over the long-term investment horizon and provide a superior hedge against inflation.

FACTS / FEATURES

  • Built in 1963
  • Lot Size: 6,501 sqft
  • Parking: 8 spaces total

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Listing Provided by Christopher Van Vuuren, Lyon Stahl Investment Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of September 22, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.