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Sold for $2,075,000 on 04/14/25
    • Listing Provided by: 

    Shane Young DRE #01963090 562-556-1118,

    Younglewin Advisors, Inc.

    Bought with: Younglewin Advisors, Inc.
    $2,075,000

    736 Rose Ave, Long Beach, CA 90813

    16beds
    16baths
    7,700sqft
    Multi Family
    Built in 1987
    -- sqft lot
    $2,042,400 Zestimate®
    $269/sqft
    $-- Estimated rent

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    $12,969/mo

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    $12,969/mo

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    What's special

    We are pleased to present 736 Rose Ave, an 8 unit apartment building built in 1987 consisting of 100% 2 bed 2 bath units averaging over 960 SF each. There is 2:1 parking with secured entry to the property. The second story of living space has vaulted ceilings, and each unit has its own individual water heater. On current income this is 10.19 GRM and a 5.81% cap rate with upside to 9.09 GRM and 7.08% cap rate. Priced at $285 per square foot, this is a unique value-add opportunity worth considering!

    Zillow last checked: 8 hours ago

    Listing updated: April 14, 2025 at 06:27pm

    Listing Provided by:

    Shane Young DRE #01963090 562-556-1118,

    Younglewin Advisors, Inc.

    Bought with:

    Shane Young, DRE #01963090

    Younglewin Advisors, Inc.

    Source: CRMLS,MLS#: PW25030616MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 16
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 7,700
    • Total interior livable area: 7,700 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Garage
    • Garage spaces: 16
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Rose Ave
    • Pool features: None
    Lot
    • Size: 6,428 sqft
    • Features: Front Yard, Level, Near Public Transit, Rectangular Lot, Value In Land
    Details
    • Parcel number: 7267030007
    • Zoning: LBR2N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1987

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Dog Park, Suburban, Sidewalks, Urban
    Location
    • Region: Long Beach

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $2,042,400

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