744 Rose Avenue

Long Beach, CA 90813

$2,350,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $321 / sqft

1987

calendar_month Built

Property Description

744 Rose Ave is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.23 x gross and 5.01% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 12 total spaces in a secured gated parking garage. All units are separately metered for gas/electric and water is billed back to tenants through a RUBS program for added income retention. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.

Listing Information

Close Price $2,350,000
Close Date Tuesday, December 12th, 2023
Status Closed
MLS 23326599
Type Residential Income
Year Built 1987
Lot Size 6,252
Structure Size N/A
DOM 9
Courtesy Of Keller Williams Larchmont
Listing Agent Byron Field DRE#01934775

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Byron Field, Keller Williams Larchmont . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 25th, 2023 at 1:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.