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414 Obispo Avenue

414 Obispo Avenue,Long Beach, CA 90814

4

Unit

$1,100,000

Price

Property Details

Price Per Unit

$275,000

Price per SF

$489

Current Cap Rate

4.52%

Market Cap Rate

5.33%

Current GRM

13.38

Market GRM

11.98

414 Obispo Avenue

414 Obispo Avenue,Long Beach, CA 90814

$1,100,000

Price

Property Details

Price per SF

$489

Price Per Unit

$275,000

Price per SF

$489

Current Cap Rate

4.52%

Market Cap Rate

5.33%

Unit

4

Current GRM

13.38

Market GRM

11.98

Description

414 Obispo Avenue is a 4-unit property located just steps from highly desirable 4th Street/Retro Row in Long Beach.

The attractively-landscaped property consists of (2) studio units; (1)1BD/1BA units; and (1) 1BD/1.5BA units. Three (3) tandem parking spaces are available along the driveway.

With a Walk Score of 91, the property is in walking distance to a plethora of dining, shopping and lifestyle amenities along the 4th Street/Retro Row corridor.

Highlights

  • Excellent Retro Row Location – 91 Walk Score
  • Strong Mix of 1BD and Studio Units
  • Potential Income Opportunity from Garage/Storage

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