Long Beach, CA 90804,1501 Obispo AVE
$550,000
$599,900
8.3%
Est.Price: ?

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6,490 Sqft Lot

1501 Obispo AVE Long Beach, CA 90804

Est. payment /mo
SOLD DATE : 01/05/2014

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

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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