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Long Beach, CA 90802,454 Rose AVE
Long Beach, CA 90802,454 Rose AVE
Long Beach, CA 90802,454 Rose AVE
$975,000
Est. payment /mo
$1,100,000
11.4%
Est.Price: ?

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2,125 Sqft Lot
SOLD DATE : 12/15/2022

Key Details

Sold Price $975,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB22179956

Year Built 1922

Lot Size 2,125 Sqft

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.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR1N

Interior

Heating Floor Furnace

Cooling None

Fireplaces Type None

Laundry None

Exterior

Parking Features None

Pool None

Community Features Urban

Building

Lot Description Corner Lot

Story Two

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Lynn Fujihara • Buckingham Investments, Inc
Bought with Sam Alherech • Buckingham Investments, Inc
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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