Renovated Eight-Unit Apartment
For Sale
Contact for pricing
Pending
1545 Obispo Avenue, Long Beach, CA 90804
Renovated apartments with on-site laundry, dedicated parking, and access to neighborhood amenities and coastal employment centers.
Property SizeContact for details
Days on Market163
Property Features for 1545 Obispo Avenue
General Information
Standard status
Pending
Total Parking Spaces
11
Property subtype
Multifamily
Zoning
Assessor
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Cap Rate
5.56%
Highway Access
Yes
Amenities
on-site laundry
Building Details
Year Built
1963
Buildings
1
Stories
2
Units
8
Listing Agency:
Marcus & Millichap RE Invest
Listed By:
Tyler Leeson · License #01451551
(949) 419-3200
Source:
Crexi
Added: Mar 27
Changed: Aug 31
Last Checked: Aug 31 at 5:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap RE Invest
Investment Insights
Based on property information with market context.
This 8-unit apartment property, constructed in 1963, offers a consistent two-bedroom, one-bathroom configuration throughout. Interior renovations include quartz countertops, shaker-style cabinets, vinyl plank flooring, stainless steel appliances, and updated contemporary finishes. Capital improvements also include copper plumbing, electrical panel upgrades, exterior stucco work, new windows, and resurfacing of the second-floor walkway.
On-site amenities include laundry facilities and parking for 11 vehicles, comprising one garage and 10 tandem surface spaces. The property is within walking distance of Orizaba Park and just over a quarter mile from Belmont Center, with nearby neighborhood retail and daily services. Pacific Coast Highway is immediately accessible, providing connections to California State University, Long Beach City College, and coastal employment corridors.
On-site amenities include laundry facilities and parking for 11 vehicles, comprising one garage and 10 tandem surface spaces. The property is within walking distance of Orizaba Park and just over a quarter mile from Belmont Center, with nearby neighborhood retail and daily services. Pacific Coast Highway is immediately accessible, providing connections to California State University, Long Beach City College, and coastal employment corridors.
Key Highlights
- 8‑unit apartment property with an all two‑bedroom, one‑bathroom unit mix
- Renovated interiors feature quartz countertops, shaker‑style cabinetry, vinyl plank flooring, and stainless steel appliances
- Constructed in 1963 with copper plumbing, upgraded electrical panels, new windows, and exterior stucco improvements
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments with on-site laundry, dedicated parking, and access to neighborhood amenities and coastal employment centers.
Where is this apartment building located?
The property is located at 1545 Obispo Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 8‑unit apartment property with an all two‑bedroom, one‑bathroom unit mix; Renovated interiors feature quartz countertops, shaker‑style cabinetry, vinyl plank flooring, and stainless steel appliances; Constructed in 1963 with copper plumbing, upgraded electrical panels, new windows, and exterior stucco improvements
