825 Roswell Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,850,000 USD
714-713-9086
825 Roswell Ave, Long Beach, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/11
null | 5.34% Cap Rate

825 Roswell Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • The Property: Well-maintained 9-unit multifamily building (1960s) with gated access, landscaped frontage, and a stucco exterior.
  • Unit Mix: Heavy concentration of larger floor plans featuring (7) 2-bed/1-bath units, (1) 3-bed/2-bath unit, and (1) studio.
  • Capital Improvements: Features upgraded copper plumbing and a red tile roof that was replaced approximately 2 to 3 years ago.
  • Additional Revenue Potential: Gated property includes on-site laundry and 6 garage parking spaces.
  • Desirable Location: Blocks from Wilson High School & Recreation Park, with a short drive to Belmont Shore, 2nd Street, CSULB, & Retro Row.
  • Contiguous Assemblage Opportunity: Available individually or packaged with adjacent 807 Roswell Ave (4 units) and 815 Roswell Ave (3 units).

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 825 Roswell Avenue, a 9-unit multifamily investment property located in Long Beach, California. 825 Roswell Avenue is a well-maintained 1960s property featuring a stucco exterior accented by red tile roofing, landscaped frontage and gated access. The property features a unit mix of 1 studio, 7 2-bed/1-bath units and 1 3-bed/2-bath unit, providing a concentration of larger 2-bedroom floor plans. The property has also benefited from completed capital improvements including copper plumbing and a tile roof that was replaced approximately 2 to 3 years ago. The gated property offers on-site laundry and 6 garage parking spaces, providing residents with convenient amenities while creating additional income opportunities for ownership. Laundry currently generates supplemental revenue, while the garage spaces are included with tenant rents, providing future ownership with the potential to further monetize the property’s parking. 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 predominantly 2-bedroom unit mix. 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. 825 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and 3-unit property at 815 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

$2,850,000 USD

PRICE/SF

$446 USD /SF

# OF UNITS

9

PRICE/UNIT

$316,667

CAP RATE

5.34%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,850 SF

ZONING

RR3T, Long Beach

APN/PARCEL ID

7254-019-015

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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