202 Obispo Ave

Long Beach, CA 90803

Bluff Park Multifamily Portfolio is a 2-property, 37-unit multifamily investment portfolio located in Long Beach, CA.

Sales Price $8,700,000

Long Beach Apartment

Beds

1

Baths

2

Home Size

17116 Sq. Ft.

Lot Size

13068 Sq. Ft.

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Bluff Park Multifamily Portfolio is a 2-property, 37-unit multifamily investment portfolio located in Long Beach, CA.

The Bluff Park Multifamily Portfolio offers a mix of studio and one-bedroom units featuring vinyl, tile, and carpet flooring, white appliances, ceiling fans, and walk-in closets. The portfolio also offers amenities including a spacious common area courtyard and on-site laundry facilities. A new owner has the opportunity to substantially increase rental income through the modernization of unit interiors. Through this renovation plan, new ownership will elevate the property to a higher standard of living and will receive a significant increase in monthly rental income. The portfolio s exceptional Bluff Park location places residents within walking distance to an abundance of area amenities including Long Beach City Beach, Bluff Park, Belmont Veterans Memorial Pier, and more. Residents enjoy the properties prime location, adjacent to East Broadway, providing easy access to local boutiques and restaurants. Additionally, the portfolio is situated just over 0.75 miles from Retro Row, providing residents with easy access to some of Long Beach s most unique and vibrant shops and restaurants. Furthermore, the portfolio is just within 1 mile of the abundance of retail, dining, and entertainment options at Belmont Shore s 2nd Street. The portfolio s ideal Long Beach location surrounded by neighborhoods offering a wide variety of outdoor activities as well as employment, transportation, and retail amenities is a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at the Bluff Park Multifamily Portfolio.

This home located at 202 Obispo AVE is currently active and has been available on pardeeproperties.com for 62 days. This property is listed at $8,700,000. It has 1 beds and 2 bathrooms. The property was built in 1946. 202 Obispo AVE is in the Belmont Heights, Alamitos Heights community of Los Angeles County.

Highlights

  • 62 days on market
  • Built in 1946
  • Total parking spaces 0Car
  • Apartment
  • Community | Belmont Heights, Alamitos Heights
  • MLS# | OC23217796MR
Connect with an agent
(4)

Colleen Buerge

Partner | DRE #01875348

Listed By Tyler Leeson · Marcus & Millichap RE Invest

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