1407 Obispo Avenue, Long Beach, CA 90804

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1407 Obispo Avenue,Long Beach, CA 90804
$1,380,000
  • 8 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:kacey taormina
Office:compass
MLS#:NP25096923
Source:SANDICOR

Price summary

  • Price:$1,380,000

About this home

1407 Obispo Avenue is a 6-unit multifamily offering located in the heart of Long Beachs Eastside neighborhood. The property consists of a front fourplex with (4) 2-bedroom, 1-bath units, each featuring in-unit laundry, and a rear duplex with (2) 1-bedroom, 1-bath units positioned above four single-car garages. The garage structure presents a future opportunity for ADU conversion or added income (buyer to verify). With current rents approximately 27% below market and an attractive price per square foot of just $282, this asset offers immediate upside through strategic renovations and tenant turnover. The property is priced at a 12.06 GRM on existing income, with a projected 9.49 GRM at market rents, offering a compelling return profile in a supply-constrained submarket. Residents benefit from proximity to Pacific Coast Highway retail, Recreation Park, Long Beach City College, and the shops and dining along Retro Row. With rising housing costs and ongoing demand for well-located rental

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Home facts

  • Listing Id #:NP25096923
  • Added:100 day(s) ago
  • Updated:August 16, 2025 at 01:56 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4

Finances and disclosures

  • Price:$1,380,000
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