$975,000
$1,100,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,126 Sqft Lot
SOLD DATE : 12/15/2022
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22179956
Sold Date 12/15/22
Bedrooms 4
HOA Y/N No
Lot Size 2,126 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
454-460 Rose Avenue. Great opportunity to own a two story building consisting of 4 large 1 bedroom/1 bath units right off the 4th Street Corridor and adjacent to Retro Row. All Units are professional managed and are in good condition with a large functional layout, separately metered for gas & electricity. Close to 45% upside in rents and perfect for upgrading. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates ad strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation and a high walk score. The beach, parks and attractions are just minutes away. Long Beach is thriving due to millions of dollars in private and public developments, strong employment and a growing local economy. This easy to own asset is a great addition to any portfolio or first time investor.
454-460 Rose Avenue. Great opportunity to own a two story building consisting of 4 large 1 bedroom/1 bath units right off the 4th Street Corridor and adjacent to Retro Row. All Units are professional managed and are in good condition with a large functional layout, separately metered for gas & electricity. Close to 45% upside in rents and perfect for upgrading. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates ad strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation and a high walk score. The beach, parks and attractions are just minutes away. Long Beach is thriving due to millions of dollars in private and public developments, strong employment and a growing local economy. This easy to own asset is a great addition to any portfolio or first time investor.
Location
State CA
County Los Angeles
Area Long Beach (90802)
Zoning Public Rec
Interior
Appliance Floor Furnace
Building
Lot Description Corner Lot
Lot Size Range 1-3999 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,000
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Sam Alherech • Buckingham Investments, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "