4 UNITS (plus one non-conforming unit) on a large lot, located in the Eastside area of Long Beach. This property offers a tremendous amount of parking -- 14 spaces in all, including 5 garages. The property is priced to sell at 12.4 x gross based on current actuals and offers investors the opportunity to acquire a value-add deal in one of the strongest rental markets in Long Beach. Note that GRM = 11.5 at market rents. The two buildings were constructed in 1954 (front) and 1989 (rear). Unit mix: 2 (1 bedroom + 1 bathroom) and 3 (2 Bedroom + 1 bathroom), encompassing a gross area of approximately 3,800 SF. One 1+1 unit is non-conforming. Square footage is estimated, including non-conforming unit.
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, Listed on
MARK WITSKEN, License# 01884724,
KELLER WILLIAMS-SANTA MONICA
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This 8 bedroom Multi-Family home
for sale in Long Beach, CA
is currently listed for $995,000.
Featuring a lot size of 6,534 Sq. Ft.,
1730 Obispo Ave
was built in 1989 and
has been on coldwellbankerrealestate.com for 20 days.
This listing is provided courtesy of KELLER WILLIAMS-SANTA MONICA.
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6700 E. Pacific Coast Highway
Long Beach, CA 90803
Thomas Denny Cal BRE 00338218
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