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1535 Obispo Ave, Long Beach, CA 90804
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1535 Obispo Ave Long Beach, CA 90804

$2,150,000 Sold Price as of 12/15/2020
  • 16 Beds
  • 16 Baths
  • 6,550 Sq.Ft.
Sold
$2,150,000 Sold Price as of 12/15/2020 Refinance Your Mortgage
Map preview of 1535 Obispo Ave, Long Beach, CA 90804

Property Overview: 1535 Obispo Ave Long Beach, CA has 16 bedrooms, 16 bathrooms, 6,550 living square feet and 6,372 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1535 Obispo Avenue is comprised of (8) 2-bedroom/2-bathroom apartment units located in Eastside Long Beach. This well maintained property features spacious units featuring private balconies, dishwashers, 12 parking spaces, and onsite laundry facilities. 5 of the 8 units have upgraded vinyl plank flooring and granite counter tops in the kitchen and bathrooms. All tenants currently paying and up to date on their rent. Don't miss out on this great investment opportunity!

Listed by Spencer Pabst | BRE #01849377 | Pabst, Kinney & Associates
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
6,372
HOA Dues
$0/mo
Year built
1987
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20205229
City
Long Beach
County
Los Angeles
Time on Site
1318 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $3,190
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $4,785
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $6,380
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $7,880
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $9,475
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $10,970
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $12,565
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $151,260
  • Net Operating Income: $151,260
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1535 Obispo Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Inside
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7259027023
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Anaheim Road to Obispo Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1535 Obispo Ave

Last sold for $2,150,000 on December 15th, 2020

  • December, 2020

  • Dec 16, 2020

    Date

    Sold

    CRMLS: PW20205229

    $2,150,000

    Price

  • Nov 14, 2020

    Date

    Pending

    CRMLS: PW20205229

    $2,295,000

    Price

  • Oct 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20205229

    $2,295,000

    Price

  • Sep 30, 2020

    Date

    Active

    CRMLS: PW20205229

    $2,295,000

    Price

  • December, 2020

  • Dec 15, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,150,000

    Price

  • April, 2018

  • Apr 4, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1535 Obispo Ave

Assessed Value (2020): $1,249,794
Year Land Value Improved Value Assessed Value
2020 $520,722 $729,072 $1,249,794

Home Value Compared to the Market

This property vs the competition

1535 Obispo Ave sold on December 15, 2020 for 186.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $350.38 per/sqft which puts the price per square foot 44.56% lower than the current median sale per square foot for the city of Long Beach.

About 1535 Obispo Ave

Detailed summary of property

1535 Obispo Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 6,550 living square feet, and sits on an approximately 6,372 square foot lot. 1535 Obispo Ave was first listed on ArdentRealEstateGroup.com on September 30, 2020. The homeowner sold the property for $2,150,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 186.88% higher than the current median priced home. Local homes that are currently for sale include 536 Saint Louis Ave, 441 Dawson Ave and 1377 Warren Ave. While the average home in Long Beach, CA is selling in 51 days, 1535 Obispo Ave has a days on market of 29 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1535 Obispo Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1535 Obispo Ave

Public county record property details
Beds
16
Baths
8
Year built
1987
Sq. Ft.
6,550
Lot Size
6,372
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7259-027-023

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$509,000
Median List Price/Sq.Ft.
$610
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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