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    911-- 919 Rose Avenue

    Long Beach, CA 90813
    • $4,600,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: SB20171606
    UPDATED: 214 min ago
    $4,600,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,686
      SQFT
    • $363
      $/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. Great unit mix of fourteen 2 Bed/1 Bath units and two 3 Bed/2 Bath units. All but 1 unit recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms. Strong actual income at 12.91X gross plus an additional 10.3% upside in income to a market GRM of 11.70. Very well parked with 10 separate garages plus 10 off-street parking spaces. Less than a mile to Alamitos Beach. Only four blocks to Retro Row. Available together with 1332 Walnut (MLS#SB20171640) and 811-817 Rose (MLS#SB20171469). 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 2020-10-28T00:27:24.043. 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/109254335
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    911-- 919 Rose Avenue Long Beach, CA 90813

    • Price: $4,600,000
    • Status: Active
    • Updated: 214 min ago
    • ID#: SB20171606
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    12,686
    SQFT
    $363
    $/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. Great unit mix of fourteen 2 Bed/1 Bath units and two 3 Bed/2 Bath units. All but 1 unit recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms. Strong actual income at 12.91X gross plus an additional 10.3% upside in income to a market GRM of 11.70. Very well parked with 10 separate garages plus 10 off-street parking spaces. Less than a mile to Alamitos Beach. Only four blocks to Retro Row. Available together with 1332 Walnut (MLS#SB20171640) and 811-817 Rose (MLS#SB20171469). Can be sold separately, but seller is motivated and can sell together for a better price.
    Exterior Features

    Garage Spaces 10.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 20.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 10.00

    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 Common Area Levels Two

    Property Features

    Additional Parcels Description 7267017020 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 985.00 Garage Rental Rate 98.50 Gardener Expense 1200.00 Gross Income 342268.00 Gross Multiplier 12.91 Gross Scheduled Income 336900.00 Insurance Expense 4500.00 Land Lease YN No Laundry Income 640.00 Laundry YN Yes Maintenance Expense 16978.00 Maintenance Percent 5.00 Net Operating Income 223391.00 New Construction YN No New Taxes Expense 57500.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 2 Operating Expense 116164.00 Operating Expense Percent 34.00 Professional Management Expense 17852.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Tax Annual Amount 60000.00 Total Actual Rent 26905.00 Total Expenses 116164.00 Trash Expense 3428.00 Vacancy Allowance Rate 5.00 Water Sewer Expense 3428.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Anthony Walker of Buckingham Investments, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-28T00:27:24.043. 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