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1735 Obispo Ave Long Beach, CA 90804

$1,295,000 Sold Price as of 07/26/2019

7 Beds
6 Baths
3,842 Sq.Ft.

Sold

$1,295,000 Sold Price as of 07/26/2019 Refinance Your Mortgage

Map preview of 1735 Obispo Ave, Long Beach, CA 90804

Property Overview: 1735 Obispo Ave Long Beach, CA has 7 bedrooms, 6 bathrooms, 3,842 living square feet and 6,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6 UNITS built in 1955. One 2 bedroom one bath in front plus 3 one bedroom units behind at ground level and 2 more one bedroom units over the garages. There are four private garages with openers off the alley. The interiors are pretty much in original condition (retro 1950s oatmeal tile) and have not been upgraded. All in good decent condition. Long term tenants. Common area laundry. Low maintenance.

Listed by Pierre Billard | BRE #00983985 | Re/Max R. E. Specialists

Last checked: 33 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft: 6,503
HOA Dues: $0/mo
Year built: 1955
Garage: 4 Car
Property Type:: Mixed Use

Status: Sold
MLS#: PW19126622
City: Long Beach
County: Los Angeles
Time on Site: 1389 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 6
Total # of Buildings: 1
# of Leased Units: 6
# of Electric Meters: 6
# of Gas Meters: 6
# of Water Meters: 6

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,375
Total Rent: $1,375
Pro Forma/Market Rent: $1,375

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,075
Total Rent: $1,075
Pro Forma/Market Rent: $1,075

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,100
Total Rent: $1,100
Pro Forma/Market Rent: $1,100

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,075
Total Rent: $1,075
Pro Forma/Market Rent: $1,075

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,075
Total Rent: $1,075
Pro Forma/Market Rent: $1,075

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $6,700
Net Operating Income: $6,475
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $225
New Taxes: $16,000
Trash: $0
Insurance: $2,000
Professional Management: $3,600

Property Details for 1735 Obispo Ave

Interior Features

Laundry Information

Has Laundry
Common Area, Community, Washer Included

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: Landscaped, Lawn, Walkstreet
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 6
Parcel Number: 7259033036
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: PCH to Redondo (south) to 17th (west).

Neighborhood Information

Community Features: Curbs, Gutters, Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 1735 Obispo Ave

Last sold for $1,295,000 on July 26th, 2019

July, 2019
Jul 26, 2019

Date

Sold

CRMLS: PW19126622

$1,295,000

Price
Jul 11, 2019

Date

Pending

CRMLS: PW19126622

$1,295,000

Price
Jun 21, 2019

Date

Active Under Contract

CRMLS: PW19126622

$1,295,000

Price
Jun 1, 2019

Date

Active

CRMLS: PW19126622

$1,295,000

Price
July, 2019
Jul 26, 2019

Date

Sold (Public Records)

Public Records

$1,295,000

Price
September, 2017
Sep 11, 2017

Date

Sold (Public Records)

Public Records

$402,500

Price

Tax History for 1735 Obispo Ave

Assessed Value (2020): $1,295,000

Year	Land Value	Improved Value	Assessed Value
2020	$725,000	$570,000	$1,295,000

Home Value Compared to the Market

This property vs the competition

1735 Obispo Ave sold on July 26, 2019 for 61.88% 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 $337.06 per/sqft which puts the price per square foot 46.67% lower than the current median sale per square foot for the city of Long Beach.

About 1735 Obispo Ave

Detailed summary of property

1735 Obispo Ave is a mixed use that recently sold in Long Beach, CA 90804. This mixed use property offered 7 bedrooms, 6 bathrooms, roughly 3,842 living square feet, and sits on an approximately 6,503 square foot lot. 1735 Obispo Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,295,000. 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 61.88% higher than the current median priced home. Local homes that are currently for sale include 9318 S Western Ave, 726 W 76th St and 7014 S Vermont Ave. While the average home in Long Beach, CA is selling in 51 days, 1735 Obispo Ave has a days on market of 20 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 1735 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 1735 Obispo Ave

Public county record property details

Beds: 7
Baths: 6
Year built: 1955
Sq. Ft.: 3,842
Lot Size: 6,502
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 68
APN: 7259-033-036

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

Median Sale to List Price %

104.77%

Avg Days on Market

Loan Type

Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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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.