Address
500 Rose Avenue Long Beach, CA
Price
$ 1,795,000
Property Attributes
- MLS#PW20256756
- TypeIncome
- CountyLOS ANGELES
- CityLong Beach
- AreaDowntown Area - Alamitos Beach
- NeighborhoodAlamitos Beach
- Zip90802
- Style
- Price$ 1,795,000
- Bedrooms5
- Full Bathrooms5
- Half Bathrooms0
- Lot Size6,098 SqFt
Listing Provided Courtesy Of:
Austin Carr with Lyon Stahl Investment Real Est.
Data Source:
CRMLS
Property Description
500 Rose Avenue is a 5 Unit property in the Retro Row area of Long Beach adjacent to Rose Park. The two buildings consist of a 4 unit with four 1 Bedroom/ 1 Bathroom Units and a separate 3 Bedroom/ 2 Bathroom House on the corner of 5th and Rose. The 3 Bedroom/ 2 Bathroom house has been recently renovated and the 1 Bedroom/ 1 Bathroom units are in nice condition. 2 parking spaces on driveway in between the units. Separate meters for electrical and gas and all have separate hot water heaters. Landlord only pays water. Storage shed on the property. There is yard space in between the corner house and the units behind that can be converted into more parking. Long term excellent tenants. Tenants pay their own utilities. Low maintenance property. Units have been updated with partial copper plumbing and ABS drain lines and new electric panels. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 500 Rose Avenue provides an investor with a turnkey condition property in a highly popular Long Beach rental market at a 3.82% cap rate on current rents.
| Price History | |
|---|---|
| 12/14/2020 | Listed $1,795,000 |
General Features
| Community Features | Suburban |
|---|---|
| Levels | Two |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Open Parking Spaces | 2 |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property Type | Residential Income |
| Sewer | Public Sewer |
| Subdivision Name | Alamitos Beach (AB) |
| Terms | Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, Submit |
| Total Units | 5 |
| Zoning | LBR1N |
Interior Features
| Common Walls | 1 Common Wall |
|---|---|
| Laundry Features | Inside |
Exterior Features
| Lot Features | 0-1 Unit/Acre |
|---|---|
| Lot Size Acres | 0.14 |
| Lot Size Area | 6300 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 6300 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 5 |
| Number of Separate Gas Meters | 5 |
| Number of Separate Water Meters | 1 |
| Total Parking | 2 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90802
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2021 5:38 PM UTC This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
