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445 Rose Ave, Long Beach, CA 90802
0 Beds
0 Baths
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445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere. 445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.
  • Price:
  • $5,900,000
  • Acreage:
  • 0.15
  • Year Built:
  • 1963
  • Listing ID #:
  • PW19228547
  • Street Address:
  • 445 Rose Ave
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90802
  • County:
  • Los Angeles
  • Community:
  • Downtown Area/ Alamitos Beach
  • Subdivision:
  • Other (othr)
  • Listing Status:
  • Active
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 16
  • Stories:
  • 2
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1963
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 2013.20
  • Annual Insurance Expenses:
  • 5114.00
  • Annual Maintenance Expenses:
  • 7200.00
  • Annual Trash Expenses:
  • 2013.20
  • Annual Water/Sewer Expenses:
  • 2013.20
  • Expenses:
  • 118908.00
  • Gross Income:
  • 391590.00
  • Net Operating Income:
  • 272682.00
  • Operating Expense:
  • 118908.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr1n
  • Lot Features:
  • 16-20 Units/Acre
  • Lot Square Footage:
  • 6656.00
  • Community Features:
  • Sidewalks, Urban
  • Price Per Square Foot:
  • 433.82
  • Laundry:
  • 1
  • Laundry Description:
  • Common Area
  • Garage Parking Spaces:
  • 8.00
  • Parking Description:
  • Garage, Uncovered
  • Parking Spaces:
  • 12.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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