Long Beach, CA 90804,1501 Obispo AVE

$550,000

$599,900

8.3%
Est.Price: ?

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Est. payment /mo

4,592 SqFt


SOLD DATE : 01/05/2014

Key Details

Sold Price $550,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,592 sqft

Price per Sqft $119

Subdivision Eastside (Es)

MLS Listing ID PW13234880

Sold Date 01/05/14

HOA Y/N No

Year Built 1952

Tax Year 2012

Lot Size 6,490 Sqft

Acres 0.149

Property Description

Fixer Upper 4 Bedroom 2 Bathroom Home in front, with four larger 1 Bedroom 1 Bathroom Apartments behind. Needs work. Please don't disturb any tenant in any way, as they may be hostile. Drive by only. This property is better for a rehabber who knows management well. Potential income (my opinion, not guaranteed), seems to be $850 for the 1's and $2100 for the 4/2 home, making the potential $66,000 a year. Needs someone who can write a check for this property, since a formal appraisal will be difficult due to the tenant situation.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Exterior

Pool None

Community Features Urban

Utilities Available SewerAvailable

Private Pool No

Building

Lot Description Item1115UnitsAcre

Story Two

Entry Level Two

Water Public

Level or Stories Two

Others

Tax ID 7259027019

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Robinson • Broadmoor Realty Inc.
Bought with Michael Robinson • Broadmoor Realty Inc.
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