$550,000
$599,900
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1501 Obispo AVE Long Beach, CA 90804
6,490 Sqft Lot
Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
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
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 Sewer Available
Private Pool No
Building
Lot Description 11-15 Units/Acre
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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Bought with Michael Robinson • Broadmoor Realty Inc.