679 Obispo
Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Quadruplex
- Year built
- 1930
- Lot size
- 4,001 sq ft
- Parking
- 6 spaces
- Garage
- 3 spaces
- Stories
- 2
- Days on market
- 1
- MLS status
- Active
- Architectural style
- Spanish
Features & Amenities
Interior
- Built In Features
Appliances
- Gas Range
Parking
- Garage
Pool
- None
Lot
- Rectangular Lot
Community, Schools & Utilities
Community
- Subdivision
- Carroll Park Condos (CRP)
- View
- None
Utilities
- Heating
- FloorFurnace,WallFurnace
- Cooling
- None
- Electric
- Standard
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 679 Obispo
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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