$2,075,000
$2,200,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
736 Rose AVE Long Beach, CA 90813
6,429 Sqft Lot
Key Details
Sold Price $2,075,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25030616
Sold Date 04/14/25
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
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Shane Young • Younglewin Advisors, Inc.