Backup offers
$10,000 Closing Credit¹
#SR25098606, Gevork Jabakchurian, Listing office: Luxury Collective
#NP25096923·
Listing office: Compass·
Listing agent: Kacey Taormina·
Listing office phone: 714-323-3200
$1,486,000 List price
1407 Obispo Ave Long Beach, CA 90804
$10,000
Closing credit¹
0.2 acres
Condo
Property details
About 1407 Obispo Ave
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.
Highlights
Home typeCondominium
StatusActive
Lot size0.1705 Acres
Year built1929
MLS #NP25096923
Garage4 spaces
Summary
- Garage Space: 4 spaces
- Private Pool: No
- List Price: $1,486,000
- Annual Tax Amount: $2,790
- Tax Year: 2024
- Lot: Rectangular Lot
- Directions: Anaheim to Obispo
- Year Built: 1929
- Stories: 2
- Lot Size: 0.1705 Acres
- MLS Number: NP25096923
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (714) 323-3200
- Listing Agent: Kacey Taormina
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 9:45:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,486,000
1407 Obispo Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $116,906 | $2,790 |
| 2023 | $114,627 | $2,734 |
| 2022 | $112,393 | $2,606 |
| 2021 | $110,203 | $2,509 |
| 2020 | $108,451 | $2,475 |
| 2019 | $106,325 | $2,280 |
| 2018 | $104,241 | $2,256 |
| 2017 | $102,198 | $2,256 |
History based on county public records data.
Nearby schools
6
Nieto Herrera Elementary School
Public District KG-5
0.3 mi
•1620 Temple Ave
5
Willard Elementary School
Public District KG-5
0.3 mi
•1055 Freeman Ave
7
Bryant Elementary School
Public District KG-5
0.6 mi
•4101 E Fountain St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,939. Most Long Beach, CA residents have annual incomes less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
50%
<35k
43%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
18%
Single, with Kids
10%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
37%
18-34 yrs old
34%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1407 Obispo Ave
The listing price of 1407 Obispo Ave property is $1,486,000.
The property 1407 Obispo Ave is a condo located in Long Beach, California, 90804.
Active Listing: 1407 Obispo Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1407 Obispo Ave are: Nieto Herrera Elementary School (GreatSchools Rating 6/10), Willard Elementary School (GreatSchools Rating 5/10), Bryant Elementary School (GreatSchools Rating 7/10), Jefferson Leadership Academies (GreatSchools Rating 7/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Richard D. Browning High School (GreatSchools Rating 4/10), Wilson High School (GreatSchools Rating 6/10), Beach High-Intensive Learning Program (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $2,790 (source: MLS/based on county public records data).
The property at 1407 Obispo Ave has 0 bathroom.
The year of construction for 1407 Obispo Ave is 1929.
This home is located at 1407 Obispo Ave in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 8, 2025 and is currently priced at $1,486,000.
In May 2025 more than 67 listings in Long Beach, CA were sold above the asking price. During the same period more than 34 listings were sold at asking price, while more than 61 were sold below. The number of homes for sale in Long Beach, CA increased by 2.4% between April and May 2025. The median list price of listings available in May 2025 was $830,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.