1545 Obispo Avenue, Long Beach, CA 90804

• 5,328 sqft

Property Description

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

Listing Status:

Active

Date Added:

March 9, 2026

Data Last Updated:

April 1, 2026 at 11:09PM

Listing Office:

Marcus & Millichap RE Invest : 949-419-3200

Listing Agent:

Tyler Leeson : 949-419-3326

MLS ID:

CROC26051553

Interior

• Laundry: Common Area

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 7259027024