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    500 Rose Avenue

    Long Beach, CA 90802
    • $1,795,000
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: PW20256756
    UPDATED: 65 min ago
    $1,795,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,907
      SQFT
    • $459
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/112583155
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    500 Rose Avenue Long Beach, CA 90802

    • Price: $1,795,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: PW20256756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,907
    SQFT
    $459
    $/SQFT
    1922
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    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.
    Exterior Features

    Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Cap Rate 3.91 Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 97200 Gross Scheduled Income 99000 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional1031 ExchangeSubmit Net Operating Income 70231 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 25799 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lbr1n

    Listing provided courtesy of Austin Carr of Lyon Stahl Investment Real Est


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T12:34:15.363. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Riverside CA, 92508