NOT LISTED FOR SALE

922 Obispo Ave Long Beach, CA 90804

Rose Park Neighborhood
3 Beds
2 Baths
3,919 Sq Ft
6,500 Sq Ft Lot

Last Sold February 26, 2024

Last sale price $1,394,200 $356 Per Sq Ft

30 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • 4-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • 1-Story Property

About This Home

As of February 2024

We are delighted to introduce Obispo Avenue, an exquisite 6-unit apartment complex situated in the heart of East Side Long Beach. This exceptional property comprises of five (5) generously proportioned one-bedroom units and one (1) spacious two-bedroom unit with a laundry facility on site. The property is individually metered for electric and gas. Some of the units have modern amenities, including gas stoves, elegant wood flooring, stunning granite countertops, ceiling fans, wall heaters, and stainless-steel sinks. Investors looking for value add this property has four spacious enclosed garages, providing potential ADU’s to increase value of the property. With approximately 25% upside in rents, this is an ideal investment opportunity.

Last Agent to Sell the Property

Chris Walker

Triqor Group License #01905338 Listed on: 12/04/2023

Last Buyer's Agent

Chris Walker

Triqor Group License #01905338 Listed on: 12/04/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,500 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,919 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 7258012003
  • $1,149 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Operating Expense $42,450
  • Gross Income $113,067
  • Net Operating Income $70,617

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7258012003
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 355.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Multi Family

  • Gross Income: 113067.00
  • Gross Scheduled Income: 116564.00
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 70617.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 42450.00
  • Rent Control: Yes
  • Total Expenses: 42450.00

Tax Info

  • Tax Census Tract: 5769.04
  • Tax Lot: 3
  • TaxOtherAnnualAssessmentAmount: 1149.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2024 02/26/24 Sold $1,394,200 -12.9% $356 / Sq Ft
01/03/2024 01/03/24 Pending -- -- --
12/04/2023 12/04/23 For Sale $1,600,000 -- $408 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Walker

    Seller's Agent in 2024

    Chris Walker

    Triqor Group

    (714) 801-0173

    1 in this area

    9 Total Sales

    Chris Walker
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23220535

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Rose Park

922 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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