$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
4,592 SqFt
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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Bought with Michael Robinson • Broadmoor Realty Inc.
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442