For Sale
(MLS-listed)
$1,249,500
816 OBISPO Ave Long Beach, CA 90804
| Beds: | 10 |
| Baths: | 5 |
| Sq. Ft.: | 7,000 |
| $/Sq. Ft.: | $178 |
| Lot Size: | 6,495 Sq. Ft. |
| Property Type: | Multi-Family |
| Style: | Two Level, Spanish |
| Year Built: | 1927 |
| Community: | Eastside/Circle Area |
| County: | Los Angeles |
| MLS#: | S09118068 |
| Source: | MRMLS |
| Status: | Active |
| On Redfin: | 23 days |
Rare opportunity to own this well-maintained classic Spanish beauty with 12 foot ceilings and hardwood floors. Five large 2 Bed/1 Bath apartments on a 6,500 sq ft landscaped lot. Includes a 4 car garage, on-site storage, and plenty of street parking. Part of Rose Hills Historic District. Close to everything and just 8 blocks to the beach. Many upgrades and improvements. Coin-operated laundry included with property. Roof inspection done in November 2007 - roof is asphalt roll. Fumigation in October 2009. New heaters in each unit, new washers and dryers, and remodeled unit A (owner's unit). Solid financials. Plumbing is copper and galvanized pipe. Electrical wiring is copper with breakers in main panel and fuses in each unit's sub-panel.
Laundry Information
- Community Laundry
- Laundry Equipment Owned
Utility Information
- Sewer In Street (Paid)
- Public Water
Community Features
- Units in Complex (Total): 5
Unit 1 Information
- Number: 816
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,700
- Monthly Rent (Total): $1,700
Unit 4 Information
- Number: 820
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,500
- Monthly Rent (Total): $1,500
Location Information
- Cross Streets: 8th Street & Obispo
- Driving Directions: Between 8th and 10th Streets, North of Redondo Avenue
- Legal Tract #: 5769
- Legal Lot #: 7
Expense Information
- Total Annual: $20,997
- Gardener: $300
- Insurance: $2,260
- Gas: $1,000
- Licenses: $325
- Maintenance: $500
- Operating: $20,997
- Water: $1,000
Interior Features
- Hardwood Floors
Parking Information
- # of Garage Spaces: 4
- # of Other Spaces: 4
- Garage Door Opener
Property Features
- Partial Copper Plumbing
Unit 2 Information
- Number: 817
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent (Total): $1,500
- Projected Monthly Rent (Total): $1,500
Unit 5 Information
- Number: 822
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,300
- Monthly Rent (Total): $1,300
Property Information
- Land Lease Type: Fee
- Tax Parcel Number: 7258012020
- Legal Disclosures: Unknown Property Assessments
Listing Information
- MLS: MRMLS
- Possession: Close Of Escrow
- Listing Terms: Standard Sale
- Listing Terms: Cash To New Loan
Heating & Cooling
- Wall Heater
- No Cooling
- Ceiling Fan(s)
Building Information
- Stucco Exterior
- Asphalt Shingle Roof
- Roll Roof
- Frame and Stucco Construction
Multi-Family Information
- # Leased: 5
- # of Buildings: 2
- # of Electric Meters: 5
- # of Gas Meters: 5
- # of Water Meters: 1
- Tenant Pays Air Conditioner/Heater Maintenance
- Tenant Pays Cable TV
- Tenant Pays Electricity
- Tenant Pays Gas
Unit 3 Information
- Number: 818
- # of Beds: 2
- # of Baths: 1
- Unfurnished
- Monthly Rent: $1,500
- Monthly Rent (Total): $1,500
Lot Information
- Lot Size (Sq. Ft.): 6,495
- Lot Size Source: Public Records
- Landscaped
- Zoning: Lbr2n
Financial Information
- Capitalization Rate (%): 5.8
- Net Operating Income: $72,303
- Monthly Gross Income: $7,775
- Gross Operating Income: $93,300
- Gross Scheduled Income: $93,300
- Gross Spendable Income: $72,303
- Laundry Income: $275
- Actual Rent (Total): $7,500
Listing last changed
November 12, 2009, 8:34 AM
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Property History for 816 OBISPO Ave
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Nov 05, 2009 | Listed | $1,249,500 | -- | MRMLS #S09118068 |
| Feb 11, 2005 | Sold (Public Records) | $844,000 | -- | Public Records |
NOTICE: There are past MLS listings for this property which are not being shown. In order to see these listings, MLS Rules require that you Sign In.
Public Facts for 816 OBISPO Ave
| Beds: | 9 |
| Baths: | 5.0 |
| Finished Sqft: | 6668 |
| Unfinished Sqft: | - |
| Total Sqft: | 6668 |
| Floors: | - |
| Lot Size: | 6,499 |
| Style: | Multi-Family (5+ Unit) |
| Year Built: | 1927 |
| Year Renovated: | - |
| County: | Los Angeles County |
| APN: | 7258012020 |
| Last Updated: | November 19, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $372,355 |
| Additions | $541,216 |
| Total | $913,571 |
| Tax (2009) | $10,222 |
Home Value Estimates for 816 OBISPO Ave
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Link to this page at
http://www.redfin.com/CA/Long-Beach/816-Obispo-Ave-90804/home/7603714
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