NOT LISTED FOR SALE
16 Beds
16 Baths
6,550 Sq Ft
6,372 Sq Ft Lot

Sale Details

Date Sold: December 15, 2020

Last sale price $2,150,000 $328 Per Sq Ft

29 Days on Market

About This Home

As of December 2020

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!

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 09/30/2020

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 09/30/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,372 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Open Parking Spaces
  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 6,550 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Legal Lot and Block 11 / 1
  • Tax Tract Number 5751
  • Assessor Parcel Number 7259027023

Community Details

Overview

  • 8 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $12,605
  • Net Operating Income $151,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,372 Sq Ft Lot

Parking

8

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7259027023
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 328.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6372.00
  • Lot Size Acres: 0.1463

Multi Family

  • Gross Income: 12605.00
  • Gross Scheduled Income: 151260.00
  • Lot Size Area: 6372.0000 Square Feet
  • Net Operating Income: 151260.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Rent Control: No
  • Total Actual Rent: 12565.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5751.03
  • Tax Lot: 11
  • Tax Tract Number: 5751

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

Listed on
Sep 30, 2020
Closed on
Oct 29, 2020
Sold by
Bought by
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$2,295,000
Sold Price
$2,150,000
Premium/Discount to List
-$145,000
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2018
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2018
Sold by
Bought by

Purchase Details

Closed on
Aug 4, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2010
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
$685,200
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2010
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
$685,200
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 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
$4,240,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2004
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
$500,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2002
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
$420,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 1998
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 1994
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,150,000 Fidelity Natl Ttl Co Long Be
-- None Available
-- None Available
-- None Available
-- None Available
$1,048,010 None Available
$810,053 Servicelink
$1,197,500 First American Title Ins Co
$1,100,000 Ticor Title Co Orange
$720,000 American Title Co
-- Stewart Title
-- North American Title Co
-- --
$275,000 South Coast 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 $250,000
Previous Owner $660,000
Previous Owner $685,200
Previous Owner $1,080,000
Previous Owner $4,240,000
Previous Owner $500,000
Previous Owner $420,000
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
12/15/2020 12/15/20 Sold $2,150,000 -6.3% $328 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $2,295,000 -- $350 / 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 $31,304 $2,327,227 $1,407,161 $920,066
2024 $29,934 $2,281,596 $1,379,570 $902,026
2023 $29,427 $2,236,860 $1,352,520 $884,340
2022 $27,620 $2,193,000 $1,326,000 $867,000
2021 $27,058 $2,150,000 $1,300,000 $850,000
2020 $16,427 $1,249,794 $520,722 $729,072
2019 $16,235 $1,225,320 $510,512 $714,808
2018 $15,791 $1,201,326 $500,502 $700,824
2016 $14,513 $1,153,141 $481,068 $672,073
2015 $13,943 $1,135,820 $473,842 $661,978
2014 $13,872 $1,113,572 $464,561 $649,011
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20205229

California Regional Multiple Listing Service (CRMLS)
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