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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,200,000

Est. payment - /mo

3,140 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW25236962

HOA Y/N No

Year Built 1923

Lot Size 3,140 Sqft

Property Sub-Type Quadruplex

Property Description

421 Rose Place is a well-maintained 4-unit apartment property
located in the heart of Long Beach's iconic 4th Street / Retro Row
district.
Each unit offers a desirable two-bedroom, one-bathroom floor
plan with a den. All apartments are equipped with in-unit
washer/dryers, a sought after amenity that supports higher
rental demand. New windows have been installed throughout the
property within the past four years.
Additional features include a two-car tandem parking space. In
addition, there is an opportunity to acquire an adjacent parking
lot in a neighborhood where parking is often limited, which has 15 storage spaces and 8 parking spaces.
Recognized in publications such as The New York Times, Sunset
Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant,
pedestrian- and bike-friendly corridor, home to 40+ independent
merchants. The area is celebrated for its eclectic mix of vintage
and contemporary clothing, furniture, accessories, art, antiques,
and collectibles, as well as a diverse range of acclaimed
restaurants, cafés, wine bars.
With its prime location, strong rental fundamentals, and recent
upgrades, 420 Rose Place represents a compelling investment
opportunity for buyers seeking stable income and long-term
value in one of the city's most dynamic submarkets

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7266026047

Energy Description 750.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Robert Stepp Keller Williams Realty Downey 310-463-2916

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421 N Rose Long Beach, CA 90802