$2,450,000
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17 Beds
17 Baths
7,617 SqFt
SOLD DATE : 12/12/2023
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,617 sqft
Price per Sqft $308
MLS Listing ID 23326599
Sold Date 12/12/23
Bedrooms 17
HOA Y/N No
Year Built 1987
Lot Size 6,250 Sqft
Property Description
744 Rose Ave is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.23 x gross and 5.01% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 12 total spaces in a secured gated parking garage. All units are separately metered for gas/electric and water is billed back to tenants through a RUBS program for added income retention. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 15
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7267030028
Special Listing Condition Standard
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Bought with Byron Field Keller Williams Larchmont
johnherkenrath@epiquerealty.com
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