1545 Obispo Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1545 Obispo Avenue,Long Beach, CA 90804
$2,500,000
  • - Beds
  • - Baths
  • 5,328 sq. ft.
  • Multi-family
  • Active
Listed by: tyler leeson
Office: marcus & millichap re invest
MLS#:OC26051553
Source:CRMLS

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$469.22

About this home

1545 Obispo Avenue is a turnkey 8-unit multifamily investment opportunity located in the highly desirable Eastside submarket of Long Beach. The property features a rare 100% two-bedroom, one-bathroom unit mix, with all interiors renovated to a consistent, modern standard. Upgrades include quartz countertops, shaker-style cabinetry, vinyl plank flooring, stainless steel appliances, and contemporary finishes throughout—creating operational efficiency and a cohesive tenant experience. Originally constructed in 1963, the asset has benefited from approximately $475,000 in capital improvements, materially reducing near-term capital expenditure exposure. Improvements include new copper plumbing, electrical panel upgrades, exterior stucco enhancements, new windows, and a resurfaced second-floor walkway. These upgrades significantly mitigate deferred maintenance risk and help address insurance underwriting concerns. Additional amenities include on-site laundry facilities and rare on-site

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Home facts

  • Year built:1963
  • Listing ID #:OC26051553
  • Added:1 day(s) ago
  • Updated:March 10, 2026 at 02:33 AM

Rooms and interior

  • Living area:5,328 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:5,328 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Street Level
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$469.22
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