$1,325,000
$1,350,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
679 Obispo Long Beach, CA 90814
4,003 Sqft Lot
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Carroll Park Condos (Crp)
MLS Listing ID SB26122163
Sold Date 10/22/26
Construction Status Turnkey
HOA Y/N No
Year Built 1930
Lot Size 4,003 Sqft
Property Sub-Type Quadruplex
Property Description
Perfectly located Historic Rose Park South four unit property on the market for the first time in nearly 25 years. Excellent unit mix with two large 2 bed/1 bath units and two 1 bed/1 bath units full of historic charm and natural light, all with recently updated interiors. Deep lot with a detached 3 car garage plus 3 parking spaces, and a rear patio ideal for ADU development. Well priced on actual income at 12.5X GRM plus a 12% upside to 11.2X GRM and 5.6% cap rate at market rents. Separately metered for gas and electricity.
Nestled between the Rose Park and Bluff Heights neighborhoods of Long Beach. 2 blocks away from 4th Street Retro Row including popular restaurants, shops and bars. Just over 1 mile away from the beach with pedestrian access to the scenic Shoreline Bike Path. Long Beach will host 18 events during the upcoming LA28 Olympics, including several taking place right on the beach.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Interior Features Built-in Features
Heating Floor Furnace, Wall Furnace
Cooling None
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Range
Laundry None
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Flat
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Faces East
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Spanish
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 7258030013
Energy Description 841.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Johnny Chacon Buckingham Investments, Inc
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