412 N Rose Pl - Multi-Family FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,200,000 USD
310-463-2916
412 N Rose Pl, Long Beach, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/6
null | 5.03% Cap Rate

412 N Rose Pl
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Excellent Location in the Heart of Retro Row
  • New Windows Throughout within the Past 5 Years
  • New Exterior Stucco, Precast Rear Stairway
  • Detached Laundry Room for Extra Income
  • Rear Common Patio for Tenants to Enjoy

OVERVIEW

412 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district. The property offers (2) 2 BD/1.75 BA with a den floorplans and (2) 2 BD/1 BA with den floorplans as well as a common rear patio for tenants to enjoy. A separate laundry room provides potential extra income. Additionally there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited. The property has undergone recent improvements, including new windows installed throughout within the past five years, new exterior stucco, and a precast rear stairway. Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars. With its prime location, strong rental fundamentals, and recent upgrades, 412 Rose Place represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

5.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

412 Rose Place

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7266-026-006

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.