Perfectly located Historic Rose Park South four unit property on the market for the first time in nearly 25 years. Excellent unit mix with two large 2 bed/1 bath units and two 1 bed/1 bath units full of historic charm and natural light, all with recently updated interiors. Deep lot with a detached 3 car garage plus 3 parking spaces, and a rear patio ideal for ADU development. Well priced on actual income at 12.5X GRM plus a 12% upside to 11.2X GRM and 5.6% cap rate at market rents. Separately metered for gas and electricity.
Nestled between the Rose Park and Bluff Heights neighborhoods of Long Beach. 2 blocks away from 4th Street Retro Row including popular restaurants, shops and bars. Just over 1 mile away from the beach with pedestrian access to the scenic Shoreline Bike Path. Long Beach will host 18 events during the upcoming LA28 Olympics, including several taking place right on the beach.
41 days
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667
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38
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Zillow last checked:
Listing updated:
Listed by:
Anthony WalkerDRE #01908153310-561-4776,
Buckingham Investments, Inc,
Josh EssDRE #02035659310-982-7055,
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB26122163Originating MLS: California Regional MLS
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Heating
Floor Furnace, Wall Furnace
Cooling
None
Appliances
Included: Gas Range
Laundry: None
Features
Built-in Features
Flooring: Tile, Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 3,176
Total interior livable area: 3,176 sqft
Property
Parking
Total spaces: 6
Parking features: Garage
Garage spaces: 3
Uncovered spaces: 3
Accessibility
Accessibility features: None
Features
Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Spa features: None
Fencing: Wood
Has view: Yes
View description: None
Lot
Size: 4,001 Square Feet
Features: Rectangular Lot
Details
Parcel number: 7258030013
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Spanish
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Stucco
Foundation: Raised
Roof: Flat
Condition
Turnkey
New construction: No
Year built: 1930
Utilities & green energy
Electric: Standard
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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