NOT LISTED FOR SALE

1050 Obispo Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $1,300,411 - $1,365,000

6 Beds
3 Baths
3,366 Sq Ft
$393/Sq Ft Est. Value

Sale Details

Date Sold: August 8, 2018

Last sale price $920,000 $273 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,515 / mo

92 Days on Market

Highlights

  • Floor Furnace
  • Woodrow Wilson High School Rated A
  • Front Yard

About This Home

As of August 2018

Major Curb Appeal And Completely Remodeled Eastside Property,The front home is a California Bungalow style 3Bd/2Ba and Office with kitchen granite counter tops, tile floor, newer appliances, recessed lighting and beautiful open floor plan. Rear building with stunning 3 Bd/1Ba unit with kitchen tile countertops and nice open floor plan over 3 garages (1-DBL car and 1-SINGLE car) and BONUS STUDIO UNIT with newer paint and appliances brings in another $750 per month. Rent for garages is $200 (DBL car) and $100 (SINGLE car) outside tenant. Unique opportunity for investor and perfect for an Owner occupied to live in one and rent the other high demand units. Beautifully gated long driveway that fits 4 vehicles and 3 garages makes parking a breeze. Rare Eastside Remodeled property. New roof in 2012.

Last Agent to Sell the Property

Larry Bustamante

Keller Williams Realty Downey License #00762602 Listed on: 03/18/2018

Keller Williams Realty Downey

Last Buyer's Agent

David Rios

Capital Property Brokers License #01797545

Capital Property Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 3,366 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 7258005006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Fuel Expense $780
  • Gardener Expense $480
  • Insurance Expense $1,100
  • Maintenance Expense $600
  • Trash Expense $660
  • Water Sewer Expense $1,020
  • New Taxes Expense $12,159
  • Operating Expense $17,279
  • Gross Income $63,600
  • Net Operating Income $46,321

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

6,501 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1020.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7258005006
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 273.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Sewer Paid
  • Trash Expense: 660.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6501.00

Rental Info

  • Garage Rental Rate: 300.00

Multi Family

  • Electric Expense: 480.00
  • Fuel Expense: 780.00
  • Garage Income: 3600.00
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 46321.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Operating Expense: 17279.00
  • Other Income Description: $750 per month bonus unit
  • Rent Control: No
  • Total Actual Rent: 63600.00
  • Total Expenses: 17279.00

Tax Info

  • New Taxes Expense: 12159.00
  • Tax Census Tract: 5769.03
  • Tax Lot: 6

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $920,000 -4.7% $273 / Sq Ft
06/19/2018 06/19/18 For Sale $965,000 +4.9% $287 / Sq Ft
06/18/2018 06/18/18 Off Market $920,000 -- --
06/18/2018 06/18/18 Pending -- -- --
05/23/2018 05/23/18 Price Changed $965,000 -2.5% $287 / Sq Ft
03/18/2018 03/18/18 For Sale $990,000 -- $294 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

  • Larry Bustamante

    Seller's Agent in 2018

    Larry Bustamante

    Keller Williams Realty Downey

    (323) 481-9788

    1 in this area

    17 Total Sales

    Larry Bustamante
    Section Image

  • D

    Buyer's Agent in 2018

    David Rios

    Capital Property Brokers

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18062336

California Regional Multiple Listing Service (CRMLS)

APN: 7258-005-006

California Los Angeles County Long Beach 90804 Rose Park

1050 Obispo Ave, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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