815 Roswell Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,900,000 USD
714-713-9086
815 Roswell Ave, Long Beach, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/10
null | 5.15% Cap Rate

815 Roswell Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Rare Owner-User Layout: 3-unit Spanish-style property featuring a massive 4-bedroom primary residence (originally two 2-bed townhomes).
  • Premium Amenities: Includes a large private rooftop deck with a built-in BBQ and a classic, landscaped shared courtyard.
  • Turnkey Upgrades: Features updated electrical panels and a newer roof replaced approximately two years ago.
  • Prime Long Beach Location: One block from Wilson High School; minutes from Belmont Shore, 2nd Street, and CSULB
  • Contiguous Assemblage Opportunity: Available individually or packaged with adjacent 807 Roswell Ave (4 units) and 825 Roswell Ave (9 units).

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 815 Roswell Avenue, a 3-unit multifamily investment property located in Long Beach, California. 815 Roswell Avenue is a distinctive Spanish-style property featuring attractive period architecture, meticulous landscaping and a well-maintained residential setting. Originally configured as 4 units, ownership combined the 2 rear 2-bedroom townhomes to create an expansive 4-bedroom owner’s residence, which they occupied for many years. The resulting floor plan provides a unique offering within a small multifamily property, further complemented by a large private rooftop deck with a built-in BBQ. The property has been maintained in excellent condition and benefits from several completed capital improvements. The front units feature new electrical panels, while the panels serving the rear residence were previously upgraded. The roof was replaced approximately 2 years ago and consists of tile roofing with flat composition sections. 815 Roswell Avenue also shares a quaint landscaped courtyard with neighboring 807 Roswell Avenue. The courtyard features a built-in fountain, mature landscaping and architectural detailing consistent with the Spanish-style character of the properties, creating an attractive common-area environment for residents. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its larger multi-bedroom floor plans. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 815 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and the 9-unit property at 825 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

3

PRICE/UNIT

$633,333

CAP RATE

5.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,821 SF

ZONING

-

APN/PARCEL ID

7254-019-016

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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