Commercial > Multi-family / Apartments
Pending
List Price
$1,380,000$262/ft²
1407 Obispo Ave
Long Beach, CA 90804
- 10Beds
- 6Baths
- 5,272ft²Living Area
- 7,429ft²Lot Size
- -Pool
- 4Car
- 1929Year Built
- 83DOM
- 6Permits
1407 Obispo Ave, Long Beach, CA 90804 is a 10 bed, 6 bath, 5,272 ft² multi-family/apartments property built in 1929 on a 0.171 acre lot with 6 construction permits. This multi-family/apartments is currently pending.
MLS Description
The listing agent's description. Original Listing
1407 Obispo Avenue is a 6-unit multifamily offering located in the heart of Long Beach’s Eastside neighborhood. The property consists of a front fourplex with (4) 2-bedroom, 1-bath units, each featuring in-unit laundry, and a rear duplex with (2) 1-bedroom, 1-bath units positioned above four single-car garages. The garage structure presents a future opportunity for ADU conversion or added income (buyer to verify).
With current rents approximately 27% below market and an attractive price per square foot of just $282, this asset offers immediate upside through strategic renovations and tenant turnover. The property is priced at a 12.06 GRM on existing income, with a projected 9.49 GRM at market rents, offering a compelling return profile in a supply-constrained submarket.
Residents benefit from proximity to Pacific Coast Highway retail, Recreation Park, Long Beach City College, and the shops and dining along Retro Row. With rising housing costs and ongoing demand for well-located rental units, 1407 Obispo Avenue offers a rare opportunity to acquire a value-add asset with strong long-term upside.
Listing Agents
The listing agent for 1407 Obispo Ave is Kacey Taormina.
KT
Kacey Taormina
Compass
License: 01920673
Phone: (949) 438-4340
Permits
1407 Obispo Ave has 6 permit records.
Permit History
6
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$2,790.01From latest Total Assessed Value2.39%Total Assessed Value$116,906=Land+
Assessed Value$31,936Additions
Assessed Value$84,970
In 2024, taxes billed for 1407 Obispo Ave were $2,790.01, which is 2.39% from latest Total Assessed Value of $116,906.
Property History
1407 Obispo Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1407 Obispo Ave
Hazard Risks
Earthquake436Carb Mono128Lead108Ozone108Particulates108Air Pollution105Nat'l Avg100Tornado91Weather40Hurricane10Hail0Wind0
10 hazards (Carbon Monoxide, Earthquake Risk, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1407 Obispo Ave.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1407 Obispo Ave has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Noise Level
50 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 1407 Obispo Ave is around 50dBs, which is comparable to a Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
46°F
High
66°F
Summer
Average
Low
61°F
High
78°F
In the winter at 1407 Obispo Ave, temperatures range from 46.26°F to 66.38°F with an average of 56.32°F. In the summer, the temperature ranges from 61.1°F to 77.67°F with and average of 69.39°F.
School Information
Public/private schools serving 1407 Obispo Ave
Public Schools
Nieto Herrera Elementary School
Grades: KG-5
0.28 mi
C+
Jefferson Leadership Academies
Grades: 6-8
0.68 mi
C
Wilson High School
Grades: 9-12
0.94 mi
B-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1407 Obispo Ave have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Zaferia, Long Beach, CA 90804.
Seasonal Housing units 90804
5%of housing is for seasonal rent.
Daytime Population for 90804
-24%of people during work hours.
Crime Index for 90804
146
146
The crime index in 90804 is 146, which is 1.5 times higher than national average.
Market Trends
Historical market data near 1407 Obispo Ave over selected time period.
Nearby Properties on Obispo Ave
- 316 Obispo Ave #Apt 1, Long Beach, CA 90814 (Bluff Heights) is a 4,230 square foot and 0.15 acre property. It was built in 1968 and has an estimate of $1,732,196 with a price per ft² of $410.
- 1467 Obispo Ave #Apt 8, Long Beach, CA 90804 (1467 Obispo Avenue) is a 770 square foot, 2 bedroom, 1.75 bathroom, 0.14 acre property. It was built in 1987 and has an estimate of $388,198 with a price per ft² of $504.
- 1467 Obispo Ave #Apt 6, Long Beach, CA 90804 (1467 Obispo Avenue) is a 780 square foot, 2 bedroom, 2 bathroom, 0.14 acre property. It was built in 1987 and has an estimate of $379,879 with a price per ft² of $487.
- 1485 Obispo Ave #Apt 7, Long Beach, CA 90804 (1485 Obispo Avenue) is a 800 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1985 and has an estimate of $388,848 with a price per ft² of $486.
- 530 Obispo Ave, Long Beach, CA 90814 (Bluff Heights) is a 1,793 square foot, 3 bedroom, 2 bathroom, 0.15 acre property. It was built in 1912 and has an estimate of $1,055,000 with a price per ft² of $588.
- 601 Obispo Ave, Long Beach, CA 90814 (Bluff Heights) is a 1,996 square foot, 4 bedroom, 3 bathroom, 0.12 acre property. It was built in 1911 and has an estimate of $1,030,222 with a price per ft² of $516.
- 625 Obispo Ave, Long Beach, CA 90814 (Bluff Heights) is a 1,774 square foot, 6 bedroom, 4 bathroom, 0.07 acre property. It was built in 1933 and has an estimate of $887,667 with a price per ft² of $500.
- 834 Obispo Ave, Long Beach, CA 90804 (Rose Park) is a 1,092 square foot, 2 bedroom, 1 bathroom, 0.15 acre property. It was built in 1921 and has an estimate of $844,701 with a price per ft² of $774.
- 835 Obispo Ave, Long Beach, CA 90804 (Rose Park) is a 970 square foot, 3 bedroom, 1 bathroom, 0.16 acre property. It was built in 1921 and has an estimate of $764,220 with a price per ft² of $788.
- 915 Obispo Ave, Long Beach, CA 90804 (Rose Park) is a 1,518 square foot, 4 bedroom, 2 bathroom, 0.15 acre property. It was built in 1944 and has an estimate of $856,615 with a price per ft² of $564.
- 1701 Obispo Ave, Long Beach, CA 90804 (Zaferia) is a 1,822 square foot, 3 bedroom, 2 bathroom, 0.09 acre property. It was built in 1926 and has an estimate of $710,706 with a price per ft² of $390.
- 1207 Obispo Ave #Unit 101, Long Beach, CA 90804 (1207 Obispo Avenue) is a 928 square foot, 2 bedroom, 2 bathroom, 0.02 acre property. It was built in 1990 and has an estimate of $424,608 with a price per ft² of $458.
- 6260 Obispo Ave, Long Beach, CA 90805 (Saint Francis) is a 1,600 square foot, 4 bedroom, 2 bathroom, 0.14 acre property. It was built in 1955 and has an estimate of $831,095 with a price per ft² of $519.
- 6240 Obispo Ave, Long Beach, CA 90805 (Saint Francis) is a 1,249 square foot, 4 bedroom, 2 bathroom, 0.14 acre property. It was built in 1956 and has an estimate of $750,567 with a price per ft² of $601.
- 6220 Obispo Ave, Long Beach, CA 90805 (Saint Francis) is a 1,732 square foot, 6 bedroom, 3 bathroom, 0.14 acre property. It was built in 1976 and has an estimate of $865,281 with a price per ft² of $500.
- 6200 Obispo Ave, Long Beach, CA 90805 (Saint Francis) is a 1,230 square foot, 4 bedroom, 2 bathroom, 0.15 acre property. It was built in 1957 and has an estimate of $792,436 with a price per ft² of $644.
- 1485 Obispo Ave #Apt 6, Long Beach, CA 90804 (1485 Obispo Avenue) is a 800 square foot, 2 bedroom, 1 bathroom, 0.14 acre property. It was built in 1985 and has an estimate of $368,790 with a price per ft² of $461.
- 501 Obispo Ave, Long Beach, CA 90814 (Bluff Heights) is a 1,856 square foot, 2 bedroom, 1 bathroom, 0.1 acre property. It was built in 1920 and has an estimate of $873,933 with a price per ft² of $471.
- 6470 Obispo Ave, Long Beach, CA 90805 (Ramona Park) is a 1,377 square foot, 3 bedroom, 1 bathroom, 0.14 acre property. It was built in 1958 and has an estimate of $659,376 with a price per ft² of $479.
- 781 Obispo Ave, Long Beach, CA 90804 (Rose Park) is a 1,498 square foot, 3 bedroom, 1 bathroom, 0.1 acre property. It was built in 1922 and has an estimate of $858,331 with a price per ft² of $573.
- 1207 Obispo Ave #Unit 111, Long Beach, CA 90804 (1207 Obispo Avenue) is a 900 square foot, 2 bedroom, 1.75 bathroom, 0.02 acre property. It was built in 1990 and has an estimate of $420,196 with a price per ft² of $467.
- 1207 Obispo Ave #Unit 204, Long Beach, CA 90804 (1207 Obispo Avenue) is a 1,142 square foot, 3 bedroom, 2 bathroom, 0.03 acre property. It was built in 1990 and has an estimate of $619,709 with a price per ft² of $543.
- 766 Obispo Ave, Long Beach, CA 90804 (Rose Park) is a 1,500 square foot, 3 bedroom, 2.75 bathroom, 0.15 acre property. It was built in 1920 and has an estimate of $1,000,805 with a price per ft² of $667.
- 6553 Obispo Ave, Long Beach, CA 90805 (Ramona Park) is a 1,056 square foot, 3 bedroom, 2 bathroom, 0.13 acre property. It was built in 1941 and has an estimate of $696,618 with a price per ft² of $660.
- 6490 Obispo Ave, Long Beach, CA 90805 (Ramona Park) is a 1,100 square foot, 3 bedroom, 2 bathroom, 0.14 acre property. It was built in 1952 and has an estimate of $664,635 with a price per ft² of $604.
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