Home | Los Angeles County | Long Beach | 90804 | 1545 Obispo Ave
MLS: CROC26051553 | Status: | Price: $2,200,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0 | 1963 |
1545 Obispo Avenue is a turnkey 8-unit multifamily investment opportunity located in the highly desirable Eastside submarket of Long Beach. The property features a rare 100% two-bedroom, one-bathroom unit mix, with all interiors renovated to a consistent, modern standard. Upgrades include quartz countertops, shaker-style cabinetry, vinyl plank flooring, stainless steel appliances, and contemporary finishes throughout—creating operational efficiency and a cohesive tenant experience. Originally constructed in 1963, the asset has benefited from approximately $475,000 in capital improvements, materially reducing near-term capital expenditure exposure. Improvements include new copper plumbing, electrical panel upgrades, exterior stucco enhancements, new windows, and a resurfaced second-floor walkway. These upgrades significantly mitigate deferred maintenance risk and help address insurance underwriting concerns. Additional amenities include on-site laundry facilities and rare on-site parking for 11 vehicles (one garage and ten tandem surface spaces), a notable competitive advantage in this infill Long Beach location. Strategically positioned within walking distance to Orizaba Park and just over a quarter mile from Belmont Center, the property offers convenient access to neighborhood r
| Field | Value |
|---|---|
| MLS # | CROC26051553 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 1 Car(s) |
| HOA Fee | $0 |
Tyler Leeson
Marcus & Millichap RE Invest
License #: 01451551
Phone: (949) 419-3326
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lee Elementary School | public | K-5 | 0.21 mi | 6 |
| Willard Elementary School | public | K-5 | 0.50 mi | 3 |
| Bryant Elementary School | public | K-5 | 0.61 mi | 6 |
| Richard D. Browning High | public | 9-12 | 0.66 mi | 5 |
| Jefferson Leadership Academies School | public | 6-8 | 0.84 mi | 7 |
| Jessie Nelson Academy | public | 6-8 | 0.91 mi | 3 |
| Alvarado Elementary School | public | K-5 | 0.92 mi | 9 |
| Whittier Elementary School | public | K-5 | 1.03 mi | 5 |
| Wilson High School | public | 9-12 | 1.06 mi | 6 |
| Burbank Elementary School | public | K-5 | 1.12 mi | 7 |
| Robinson Academy | public | K-8 | 1.19 mi | 5 |
| Washington Middle School | public | 6-8 | 1.19 mi | 4 |
| Fremont Elementary School | public | K-5 | 1.25 mi | 8 |
| Long Beach School For Adults | public | UG | 1.29 mi | N/A |
| Signal Hill Elementary School | public | K-5 | 1.29 mi | 8 |
| Reid High School | public | 11-12 | 1.31 mi | 2 |
| Long Beach Unified School District Rop | public | 10-12 | 1.31 mi | N/A |
| Lincoln Elementary School | public | K-5 | 1.34 mi | 7 |
| Mann Elementary School | public | K-5 | 1.39 mi | 7 |
| Bixby Elementary School | public | K-5 | 1.54 mi | 8 |
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This listing information is up-to-date as of May 19, 2026. For the most current information, please contact Tyler Leeson, (949) 419-3326.