Seller's Agent in 2019
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
1 in this area
23 Total Sales
1413 Obispo Ave Long Beach, CA 90804
Zaferia NeighborhoodEstimated Value: $1,932,000 - $1,999,170
3
Beds
2
Baths
5,056
Sq Ft
$389/Sq Ft
Est. Value
About This Home
As of October 2019The Obispo Avenue Apartments is a pride of ownership, six-unit, multi-family community in the City of Long Beach. Located at 1413 Obispo Avenue, this investment presents a stable, low expense, turn-key opportunity with a 5.43% CAP Rate and 8.62% Total Return on current income.
The subject property has two buildings which sit over a 7,426 square foot lot. The front building is comprised of (4) two bedroom/ one bath units, and the rear building is comprised of (2) one bedroom/ one bath units above four garages. The building has recently gone through extensive renovations and upgrades of interiors and exterior. Some of the upgrades include but are not limited to: new cabinetry, new PEX plumbing, updated electrical, granite counter tops, new kitchens, new bathrooms, new windows, new appliances, and new flooring. Some tenant amenities include washer/dryer hookups, ample on-site parking, and enclosed garages.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 05/13/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 7,425 Sq Ft Lot
- No Common Walls
Parking
- 6 Open Parking Spaces
- 4 Car Garage
Home Design
- 5,056 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry in unit
- Washer and Gas Dryer Hookup
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 55
- Tax Tract Number 7
- Assessor Parcel Number 7259023010
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $500
- Fuel Expense $500
- Insurance Expense $2,872
- Trash Expense $500
- Water Sewer Expense $500
- New Taxes Expense $17,500
- Operating Expense $25,872
- Gross Income $110,400
- Net Operating Income $81,216
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 16, 2019
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.5%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 14, 2015
Closed on
Jan 27, 2016
Sold by
Bought by
Seller's Agent
Charles Finn
Coldwell Banker-Campbell Rltrs
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,049,000
Sold Price
$995,000
Premium/Discount to List
-$54,000
-5.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$600,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 14, 2015
Closed on
Jan 7, 2016
Sold by
Bought by
Seller's Agent
Charles Finn
Coldwell Banker-Campbell Rltrs
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,049,000
Sold Price
$995,000
Premium/Discount to List
-$54,000
-5.15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.98%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 30, 2009
Sold by
Bought by
Purchase Details
Closed on
May 11, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6.12%
Mortgage Type
Negative Amortization
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Home Values in the Area
Average Home Value in this Area
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,475,000 | North American Title Company | ||
| -- | Accommodation | ||
| $995,000 | Wfg National Title | ||
| $635,500 | Lawyers Title | ||
| $700,000 | Lawyers Title |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $975,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $310,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 10/25/2019 10/25/19 | Sold | $1,475,000 | -1.3% | $292 / Sq Ft | |
| 08/05/2019 08/05/19 | Pending | -- | -- | -- | |
| 05/13/2019 05/13/19 | For Sale | $1,495,000 | +50.3% | $296 / Sq Ft | |
| 01/29/2016 01/29/16 | Sold | $995,000 | -5.1% | $197 / Sq Ft | View Prior Sale |
| 11/23/2015 11/23/15 | Pending | -- | -- | -- | |
| 11/14/2015 11/14/15 | For Sale | $1,049,000 | -- | $207 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax 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.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,032 | $1,613,123 | $874,915 | $738,208 |
| 2024 | $20,947 | $1,581,494 | $857,760 | $723,734 |
| 2023 | $20,594 | $1,550,486 | $840,942 | $709,544 |
| 2022 | $19,339 | $1,520,085 | $824,453 | $695,632 |
| 2021 | $18,943 | $1,490,281 | $808,288 | $681,993 |
| 2019 | $13,952 | $1,056,121 | $583,664 | $472,457 |
| 2018 | $13,501 | $1,035,418 | $572,220 | $463,198 |
| 2017 | $13,359 | $1,014,900 | $561,000 | $453,900 |
| 2016 | $8,919 | $692,951 | $218,079 | $474,872 |
| 2015 | $8,574 | $682,543 | $214,804 | $467,739 |
| 2014 | $8,540 | $669,174 | $210,597 | $458,577 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Bassirpou
-
Anthony Walker
Buyer's Agent in 2019
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
1 in this area
89 Total Sales
-
Charles Finn
Seller's Agent in 2016
Charles Finn
Coldwell Banker-Campbell Rltrs
(714) 402-9132
24 Total Sales
-
G
Buyer's Agent in 2016
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19111177
APN: 7259-023-010
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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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