Description
500 Rose Avenue is a 5 Unit property in the Retro Row area of Long Beach adjacent to Rose Park. The two buildings consist of a 4 unit with four 1 Bedroom/ 1 Bathroom Units and a separate 3 Bedroom/ 2 Bathroom House on the corner of 5th and Rose. The 3 Bedroom/ 2 Bathroom house has been recently renovated and the 1 Bedroom/ 1 Bathroom units are in nice condition. 2 parking spaces on driveway in between the units. Separate meters for electrical and gas and all have separate hot water heaters. Landlord only pays water. Storage shed on the property. There is yard space in between the corner house and the units behind that can be converted into more parking. Long term excellent tenants. Tenants pay their own utilities. Low maintenance property. Units have been updated with partial copper plumbing and ABS drain lines and new electric panels. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 500 Rose Avenue provides an investor with a turnkey condition property in a highly popular Long Beach rental market at a 3.82% cap rate on current rents.
Map
Similar Listings
3 Beds
1,241 Sq ft
$999,999,000
MLS# 40931677BR
Listing Agent: JULIE HANSON 00885143
Courtesy of: Corcoran Global Living
$650,000,000
MLS# 190052903MR
Listing Agent: Miguel Bush 01226601
Courtesy of: Ironwood Properties Inc.
32 Beds
26 Baths
$135,000,000
MLS# 21-700032
Listing Agent: W Zackary Wright 00952977
Courtesy of: Christie's Int. Real Estate
34 Beds
26 Baths
23,900 Sq ft
$135,000,000
MLS# 81831521ML
Listing Agent: Helen Miller 01142061
Courtesy of: Compass
11 Beds
20 Baths
27,150 Sq ft
$115,000,000
MLS# 21-679756
Listing Agent: Leonard Rabinowitz 01496421
Courtesy of: Hilton & Hyland
15 Beds
26 Baths
$110,000,000
MLS# 19-538252
Listing Agent: Marco Naggar 02004994
Courtesy of: Compass
5 Beds
14 Baths
$100,000,000
MLS# 20-638102
Listing Agent: Christopher Cortazzo 01190363
Courtesy of: Compass
9 Beds
20 Baths
34,000 Sq ft
$99,000,000
MLS# 20-668980
Listing Agent: Rayni Williams 01496786
Courtesy of: The Beverly Hills Estates
741 Sq ft
$95,000,000
MLS# 19-517008
Listing Agent: Jesse Lally 01914868
Courtesy of: Hilton & Hyland
$95,000,000
MLS# 18-401882
Listing Agent: Jeffrey Hyland 00389584
Courtesy of: Hilton & Hyland
$95,000,000
MLS# 19-516808
Listing Agent: Jesse Lally 01914868
Courtesy of: Hilton & Hyland
8 Beds
15 Baths
29,000 Sq ft
$89,750,000
MLS# 21-714994
Listing Agent: Gary Gold 00813554
Courtesy of: Hilton & Hyland
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
