Joshua Glaz
The Ave
(657) 325-8448
256 Total Sales
1 in Bluff Park
$2,125,000 Price
202 Obispo Ave Long Beach, CA 90803
Bluff Park Neighborhood
1
Bed
2
Baths
17,116
Sq Ft
0.3
Acre Lot
Highlights
- 0.3 Acre Lot
- Laundry Facilities
- Level Lot
About This Home
As of April 2024Bluff Park Multifamily Portfolio is a 2-property, 37-unit multifamily investment portfolio located in Long Beach, CA. The Bluff Park Multifamily Portfolio offers a mix of studio and one-bedroom units featuring vinyl, tile, and carpet flooring, white appliances, ceiling fans, and walk-in closets. The portfolio also offers amenities including a spacious common area courtyard and on-site laundry facilities. A new owner has the opportunity to substantially increase rental income through the modernization of unit interiors. Through this renovation plan, new ownership will elevate the property to a higher standard of living and will receive a significant increase in monthly rental income. The portfolio’s exceptional Bluff Park location places residents within walking distance to an abundance of area amenities including Long Beach City Beach, Bluff Park, Belmont Veterans Memorial Pier, and more. Residents enjoy the properties’ prime location, adjacent to East Broadway, providing easy access to local boutiques and restaurants. Additionally, the portfolio is situated just over 0.75 miles from Retro Row, providing residents with easy access to some of Long Beach’s most unique and vibrant shops and restaurants. Furthermore, the portfolio is just within 1 mile of the abundance of retail, dining, and entertainment options at Belmont Shore’s 2nd Street. The portfolio’s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at the Bluff Park Multifamily Portfolio.
Last Agent to Sell the Property
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 11/28/2023
Last Buyer's Agent
Marcus & Millichap RE Invest Brokerage Phone: 714-713-9086 License #01451551 Listed on: 11/28/2023
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Property Details
Home Type
- Apartment
Year Built
- Built in 1946
Lot Details
- 13,068 Sq Ft Lot
- No Common Walls
- Level Lot
- 7264003002
Home Design
- Entry on the 1st floor
Interior Spaces
- 17,116 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 13321
- Assessor Parcel Number 7264003001
- $5,317 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 37 Units
Amenities
- Laundry Facilities
Building Details
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,590
- Fuel Expense $6,590
- Insurance Expense $24,050
- Maintenance Expense $22,200
- Other Expense $49,282
- Professional Management Expense $22,706
- Trash Expense $6,589
- Water Sewer Expense $6,589
- New Taxes Expense $108,252
- Operating Expense $252,848
- Gross Income $585,097
- Net Operating Income $314,805
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
May 27, 2026
Sold by
Bought by
Purchase Details
Listed on
Nov 28, 2023
Closed on
Apr 2, 2024
Sold by
Bought by
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Tyler Leeson
Marcus & Millichap RE Invest
List Price
$9,400,000
Sold Price
$8,400,000
Premium/Discount to List
-$1,000,000
-10.64%
Views
49
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,575,000
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2009
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Park, CA
-
Joshua Glaz
-
Jane Yim
Jane Yim
Real Broker
(562) 379-6695
33 Total Sales
2 in Bluff Park
$635,000 Price Range
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
38 Total Sales
2 in Bluff Park
$740,000 Price Range
-
Erin Barry
Erin Barry
Seven Gables Real Estate
(424) 688-7302
27 Total Sales
1 in Bluff Park
$895,000 Price
-
Barbara Bayles Adams
Barbara Bayles Adams
First Team Real Estate
(657) 300-5361
21 Total Sales
1 in Bluff Park
$400,500 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
47 Total Sales
1 in Bluff Park
$690,000 Price
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $12,200,000 | Chicago Title Company | ||
| -- | None Available |
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 | $8,575,000 |
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 |
|---|---|---|---|---|
| 04/10/2024 04/10/24 | Sold | $8,400,000 | -3.4% | $491 / Sq Ft |
| 02/26/2024 02/26/24 | Pending | -- | -- | -- |
| 01/29/2024 01/29/24 | Price Changed | $8,700,000 | -7.4% | $508 / Sq Ft |
| 11/28/2023 11/28/23 | For Sale | $9,400,000 | -- | $549 / 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 | $51,936 | $3,850,500 | $2,040,000 | $1,810,500 |
| 2024 | $10,716 | $632,886 | $167,130 | $465,756 |
| 2023 | $10,496 | $620,477 | $163,853 | $456,624 |
| 2022 | $9,906 | $608,312 | $160,641 | $447,671 |
| 2021 | $9,623 | $596,386 | $157,492 | $438,894 |
| 2019 | $9,483 | $582,319 | $152,822 | $429,497 |
| 2018 | $9,224 | $570,973 | $149,826 | $421,147 |
| 2016 | $8,496 | $545,324 | $144,009 | $401,315 |
| 2015 | $8,201 | $537,133 | $141,846 | $395,287 |
| 2014 | $8,240 | $526,612 | $139,068 | $387,544 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
172 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23217796
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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