421 N Rose Pl - Multi-Family FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,200,000 USD
310-463-2916
421 N Rose Pl, Long Beach, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/10
null | 5.53% Cap Rate

421 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 4 Years
  • All Units Offer In-Unit Washer/Dryers
  • Rare Two-Car Tandem Parking Space for Potential Additional Income
  • Opportunity to Acquire Adjacent Parking Lot

OVERVIEW

I NVESTM ENT S U M MARY 421 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district. Each unit offers a desirable two-bedroom, one-bathroom floor plan with a den. All apartments are equipped with in-unit washer/dryers, a sought after amenity that supports higher rental demand. New windows have been installed throughout the property within the past four years. Additional features include a two-car tandem parking space. In addition, there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited. 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, 420 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

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

421 Rose Place

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

7266-026-047

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.