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$2,500,000

For Sale

12 hours ago

1545 Obispo Ave, Long Beach, CA

Condo

MLS® OC26051553

0 Bed

0 Bath

--

11 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 0
Approx. Age 1963
MLS® Number OC26051553

Property Address: 1545 Obispo Ave, Long Beach, CA, 90804-1727

Average square foot calculated using Size range provided by listing agent.

Description

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 parking for 11 vehicles (one garage and ten tandem surface spaces), a notable competitive advantage in this infill Long Beach location. Strategically positioned within walking distance to Orizaba Park and just over a quarter mile from Belmont Center, the property offers convenient access to neighborhood retail and daily amenities. Immediate proximity to Pacific Coast Highway provides seamless connectivity to California State University, Long Beach, Long Beach City College, and key coastal employment corridors. This offering represents a compelling opportunity to acquire a stabilized, renovated coastal asset with strong fundamentals and durable long-term income potential.
MLS® NumberOC26051553
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageYes
Approx. Age1963
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 9, 2026List Date
$2,500,000List Price

Home Appraisal

This property is estimated to sell between: $904,000 and $3,298,000.
Similar properties in this area sold on average for: $904,250
Expected to sell in 49 days. Similar properties sold in 49 days. This home has been on eXp Realty for 0 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1545 Obispo Ave, Long Beach, CA

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