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    811-- 817 Rose Avenue

    Long Beach, CA 90813
    • $4,400,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: SB20171469
    UPDATED: 62 min ago
    $4,400,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,816
      SQFT
    • $407
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Price reduced and now available separately from portfolio! Rare portfolio property of 16 units on 2 parcels separated by an entry courtyard. Perfect unit mix of 100% 2 bed/1 bath apartments. All but 2 units recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms. All windows recently replaced. Strong actual income at 12.89X gross plus an additional 9.0% upside in income to a market GRM of 11.82. 2 garages plus 15 off-street parking spaces. Less than a mile to Alamitos Beach and only 4 blocks to Retro Row. Part of 3 property, 41-unit portfolio offering. Available together with 1332 Walnut (MLS#SB20171640) and 911-919 Rose (MLS#SB20171606). Can be sold separately, but seller is motivated and can sell together for a better price.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T10:29:20.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/109254322
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    811-- 817 Rose Avenue Long Beach, CA 90813

    • Price: $4,400,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: SB20171469
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    10,816
    SQFT
    $407
    $/SQFT
    1963
    Built
    Neighborhood:
    Poly High (Ph)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    Price reduced and now available separately from portfolio! Rare portfolio property of 16 units on 2 parcels separated by an entry courtyard. Perfect unit mix of 100% 2 bed/1 bath apartments. All but 2 units recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms. All windows recently replaced. Strong actual income at 12.89X gross plus an additional 9.0% upside in income to a market GRM of 11.82. 2 garages plus 15 off-street parking spaces. Less than a mile to Alamitos Beach and only 4 blocks to Retro Row. Part of 3 property, 41-unit portfolio offering. Available together with 1332 Walnut (MLS#SB20171640) and 911-919 Rose (MLS#SB20171606). Can be sold separately, but seller is motivated and can sell together for a better price.
    Exterior Features

    Garage Spaces 2.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 17.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 15.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Accessibility Features 2+ Access ExitsParking Additional Parcels Description 7267-017-026 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 4.90 Community Features Urban Country Us Electric Expense 3428.00 Elevation Units Feet Fuel Expense 3428.00 Garage Income 385.00 Garage Rental Rate 193.00 Gardener Expense 12.00 Gross Income 324786.00 Gross Multiplier 12.89 Gross Scheduled Income 333480.00 Insurance Expense 4500.00 Land Lease YN No Laundry Income 280.00 Laundry YN Yes Maintenance Expense 16239.00 Maintenance Percent 5.00 Net Operating Income 216215.00 New Construction YN No New Taxes Expense 55000.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 2 Operating Expense 108571.00 Operating Expense Percent 33.00 Professional Management Expense 16239.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Tax Annual Amount 58750.00 Total Actual Rent 27330.00 Total Expenses 109700.00 Trash Expense 3428.00 Utilities Electricity AvailableWater Available Vacancy Allowance Rate 5.00 Water Sewer Expense 3428.00 Water Source Public Year Built Source Public Records Zoning Lbr2n

    Listing provided courtesy of Anthony Walker of Buckingham Investments, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T10:29:20.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003