5
See all 5 photos
$2,200,000
Est. payment /mo
6,428 Sqft Lot
Pending
736 Rose AVE Long Beach, CA 90813
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW25030616
Originating Board California Regional MLS
Year Built 1987
Lot Size 6,428 Sqft
Property Description
We are pleased to present 736 Rose Ave, an 8 unit apartment building built in 1987 consisting of 100% 2 bed 2 bath units averaging over 960 SF each. There is 2:1 parking with secured entry to the property. The second story of living space has vaulted ceilings, and each unit has its own individual water heater. On current income this is 10.19 GRM and a 5.81% cap rate with upside to 9.09 GRM and 7.08% cap rate. Priced at $285 per square foot, this is a unique value-add opportunity worth considering!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Garage Spaces 16.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7267030007
Special Listing Condition Not Applicable
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Listed by Shane Young • Younglewin Advisors, Inc.