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Gary & Colleen Wolfson
(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@bhhscal.com

DRE# 01044223
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Gary & Colleen Wolfson
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(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@
bhhscal.com

DRE# 01044223
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(858) 792-6085
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SOLD
$8,400,000
Date 04/10/2024

202 Obispo Avenue
Long Beach, CA 90803

Apartment
Residence
17,116
Sqft
0.3
Lot Size
Listing Agent: Tyler Leeson CalDRE: 01451551 - Marcus & Millichap RE Invest, 714-713-9086
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 portfolios 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 Beachs 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 Shores 2nd Street. The portfolios 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.
OC23217796
Apartment, 2 Story
Los Angeles
1946
0.3 Acres
Public
2
Public Sewer
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Data Provided by Onboard
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Listing Agent: Tyler Leeson CalDRE: 01451551 - Marcus & Millichap RE Invest, 714-713-9086
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