List Search

1545 Obispo Ave
Long Beach, CA 90804 Eastside Long Beach

$2,500,000 USD

Apartments For Sale  •  5,328 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,328 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 5.56 %
  • Zoning LBR2N
49 Transit Score
90 Walk Score

Highlights

The property features 100% 2-bed/1-bath units, all of which have been renovated to a consistent standard.
Built in 1963, the gated property includes security doors, on-site laundry, and recent capital improvements.
Residents benefit from 11 on-site parking spaces, including 1 single-car garage and 10 tandem surface spaces.
A short walk to Orizaba Park and nearby schools, including Nieto Herrera Elementary.
Located just over 0.25 miles from the Belmont Center, a Food 4 Less anchored shopping center.
Direct access to Pacific Coast Highway allows residents to quickly reach California State University, Long Beach, & Long Beach City College.

Financial Summary (Actual)

Net Operating Income: $138,884 USD (2026)
Cap Rate: 5.56 %
Total Expenses: $83,519 USD

Amenities

  • Laundry Facilities
  • Gated
  • Stainless Steel Appliances
  • Vinyl Flooring
  • Quartz Countertops

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 7 min - 3.2 mi
Los Angeles International 31 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap