Seller's Agent in 2019
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
16 in this area
76 Total Sales
455 Rose Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
6
Beds
4
Baths
13,600
Sq Ft
6,656
Sq Ft Lot
Highlights
- 0.15 Acre Lot
- Laundry Room
- 4-minute walk to Miracle On Fourth Street Park
- Long Beach Polytechnic High School Rated A
- 8 Car Garage
About This Home
As of December 2019445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere.
445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 09/26/2019
Last Buyer's Agent
Keller Williams Realty Downey License #01456379 Listed on: 09/26/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,656 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
- 7266020019
Parking
- 8 Car Garage
- Parking Available
- Uncovered Parking
Home Design
- Property Attached
Interior Spaces
- 13,600 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 5765
- Assessor Parcel Number 7266020018
Community Details
Overview
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,013
- Fuel Expense $2,013
- Gardener Expense $2,640
- Insurance Expense $5,114
- Maintenance Expense $7,200
- Other Expense $2,400
- Pest Control $1,320
- Professional Management Expense $17,509
- Trash Expense $2,013
- Water Sewer Expense $2,013
- New Taxes Expense $73,839
- Operating Expense $118,908
- Gross Income $391,590
- Net Operating Income $272,682
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2019 12/03/19 | Sold | $5,712,500 | -3.2% | $420 / Sq Ft |
| 11/14/2019 11/14/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $5,900,000 | -- | $434 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19228547
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