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Nicole Darwin

nicole.darwin@engelvoelkers.com +1(707) 330-4357

$ 2,200,000

Est. payment -/mo

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Pending

736 Rose AVE Long Beach, CA 90813

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25030616

HOA Y/N No

Year Built 1987

Annual Tax Amount $29,000

Lot Size 6,429 Sqft

Property Sub-Type Apartment

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

Zoning LBR2N

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 16.0

Garage Description 16.0

Pool None

Community Features Biking, Curbs, Dog Park, Suburban, Sidewalks, Urban

Total Parking Spaces 16

Private Pool No

Building

Lot Description Front Yard, Level, Near Public Transit, Rectangular Lot, Value In Land

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7267030007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Shane Young • Younglewin Advisors, Inc. • 562-556-1118

Nicole Darwin

Advisor

+1(707) 330-4357

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