Four-Unit Residential Income Property

679 Obispo, Long Beach, CA 90814

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For Sale

$1,350,000

Historic quadplex with updated interiors, separate utilities, and off-street parking plus a detached 3-car garage.

Type:Investment

HighLights

Historic Rose Park South 4‑unit property built in 1930 with two 2 bed/1 bath units and two 1 bed/1 bath units
Recently updated interiors across all units with ample natural light
Separately metered for gas and electricity
Deep lot with detached 3‑car garage plus 3 additional parking spaces and a rear patio suited for ADU development
Pricing noted at 12.5X GRM with 12% upside to 11.2X GRM and a 5.6% cap rate at market rents

We can help!

Listing Contact

Anthony Walker

Learn more

For Sale

$1,350,000

Historic quadplex with updated interiors, separate utilities, and off-street parking plus a detached 3-car garage.

Type:Investment

Added:: Jun 12, 2026
Days on Market:: 4
Last Refresh:: Jun 13 at 2:41 am

Property Features for 679 Obispo

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1930

We can help!

Listing Contact

Anthony Walker

Listing agent Anthony Walker License #01908153

Listing office Buckingham Investments, Inc.

Listing date Jun 12, 2026

Source Elliman

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 Buckingham Investments, Inc.

HighLights

Historic Rose Park South 4‑unit property built in 1930 with two 2 bed/1 bath units and two 1 bed/1 bath units
Recently updated interiors across all units with ample natural light
Separately metered for gas and electricity
Deep lot with detached 3‑car garage plus 3 additional parking spaces and a rear patio suited for ADU development
Pricing noted at 12.5X GRM with 12% upside to 11.2X GRM and a 5.6% cap rate at market rents

Overview

This four-unit residential income property offers an attractive unit mix with two large 2 bed/1 bath homes and two 1 bed/1 bath homes. The interiors have recently been updated while maintaining historic character, including natural light throughout. The property sits on a deep lot and includes a detached 3-car garage along with three additional parking spaces. A rear patio provides outdoor space and may be suitable for future ADU development, depending on approvals.

Located in Long Beach near the Rose Park and Bluff Heights neighborhoods, the property is positioned between those areas and is about two blocks from the 4th Street Retro Row area with restaurants, shops, and bars. The beach is just over one mile away, and pedestrian access to the scenic Shoreline Bike Path is noted.

For tenants and buyers, the separately metered setup for gas and electricity can simplify utility management. The layout supports a blend of household sizes, and the combination of garage parking and additional spaces can be helpful for day-to-day tenant convenience. The listing notes pricing based on actual income, with separately provided GRM and cap rate figures at market rents.

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Quadplexes

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Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1548441
Latitude: 33.7749468

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For sale
Quadplexes
CA
Long Beach
90814
679 Obispo

What type of property is this?

Quadplex - Historic quadplex with updated interiors, separate utilities, and off-street parking plus a detached 3-car garage.

Where is this quadplex located?

The property is located at 679 Obispo Long Beach, CA.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Historic Rose Park South 4‑unit property built in 1930 with two 2 bed/1 bath units and two 1 bed/1 bath units; Recently updated interiors across all units with ample natural light; Separately metered for gas and electricity