Log In/Sign Up
Your email has been sent.
679 Obispo Ave 4 Unit Apartment Building $1,350,000 ($337,500/Unit) 4.72% Cap Rate Long Beach, CA 90814
Executive Summary
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,712
|
$33.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,386
|
$1.70
|
| Effective Gross Income |
$102,326
|
$32.22
|
| Taxes |
$16,875
|
$5.31
|
| Operating Expenses |
$21,764
|
$6.85
|
| Total Expenses |
$38,639
|
$12.17
|
| Net Operating Income |
$63,687
|
$20.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $107,712 |
| Annual Per SF | $33.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,386 |
| Annual Per SF | $1.70 |
| Effective Gross Income | |
|---|---|
| Annual | $102,326 |
| Annual Per SF | $32.22 |
| Taxes | |
|---|---|
| Annual | $16,875 |
| Annual Per SF | $5.31 |
| Operating Expenses | |
|---|---|
| Annual | $21,764 |
| Annual Per SF | $6.85 |
| Total Expenses | |
|---|---|
| Annual | $38,639 |
| Annual Per SF | $12.17 |
| Net Operating Income | |
|---|---|
| Annual | $63,687 |
| Annual Per SF | $20.05 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,427 | - |
| 1+1 | 2 | $2,060 | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7258-030-013 | Total Assessment | $514,133 |
| Land Assessment | $186,822 | Annual Taxes | $16,875 ($5.31/SF) |
| Improvements Assessment | $327,311 | Tax Year | 2025 |
Property Taxes
Parcel Number
7258-030-013
Land Assessment
$186,822
Improvements Assessment
$327,311
Total Assessment
$514,133
Annual Taxes
$16,875 ($5.31/SF)
Tax Year
2025
1 of 37
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
