1730 Obispo, Long Beach, CA 90804

1730 Obispo, Long Beach, CA 90804

Long Beach, CA
$1,598,000

Property Description

Fully refurbished Long Beach property features a high-demand unit mix. The property consists of two-bedroom/one-bath units and one-bedroom/one-bath units, including a bonus one-bedroom layout beyond the standard front unit configuration. Recent extensive renovations include fully updated interiors with stone countertops in both kitchens and baths, fresh exterior paint, and new decks and railings. Constructed in 1989, the building provides excellent utility with five dedicated garages. Perfectly suited for an investor seeking market rents or an owner-user looking for a coastal home with income potential.

FOUR UNITS (Plus one 1+1 NC unit)
• New roof, 2016.
• All units interior redone in 2025. Flooring (unless tile which is still there),
cabinets, paint.
• Five garages in back, two parking spaces in front.
• Balconies redone, removed plywood and sealed.
• Exterior paint, sealed
• Landscape

Property Features

  • Sale Price: $1,598,000
  • Area Size: 3,268 sq ft
  • Land Area: 6,501 sq ft
  • Year Built: 1989
  • Units: 4
  • Current GRM: 13.6
  • Current Cap Rate: 5.40%
  • Market GRM: 11.1
  • Market Cap Rate: 7.02%

Lyon Stahl Investment Real Estate

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