UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW25236261
HOA Y/N No
Year Built 1929
Lot Size 3,140 Sqft
Property Sub-Type Quadruplex
Property Description
The property offers (2) 2 BD/1.75 BA with a den floorplans and (2) 2 BD/1 BA with den floorplans as well as a common rear patio
for tenants to enjoy. A separate laundry room provides potential extra income. Additionally there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited, which has 15 Storage spaces and 8 parking spaces. Seller is asking $500K.
The property has undergone recent improvements, including new windows installed throughout within the past five years, new exterior stucco, and a precast rear stairway.
Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars.
With its prime location, strong rental fundamentals, and recent upgrades, 412 Rose Place represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city's most dynamic submarkets.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7266026006
Energy Description 750.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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