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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID OC20008011
Sold Date 03/06/20
HOA Y/N No
Year Built 1918
Lot Size 7,840 Sqft
Acres 0.18
Property Description
550 Rose is located walking distance to 4th St/Retro Row in Long Beach near Downtown and the Ocean. This beautiful 3 unit property offers an investor and/or owner-occupier to acquire a turnkey investment in a trendy rental market. The property boasts a large unit mix of a large 3 bed/2 bath front house with a den that can easily be converted into a fourth bedroom. There are (2) 2 bed/1 bath units in rear with 3 separate garages with a total of 6 parking spaces and a long driveway. The building was built in 1918 with a total size of 2,872 SF, sitting on 7,968 SF lot zoned LB-R1. Property is currently fully occupied with all month to month tenants at below market rents. Prime location less than 2 miles from the ocean in Retro Row near Downtown Long Beach, Belmont Shore, LB City College, and Restaurants, & Shops.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR1N
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Interior Features Bedroom on Main Level
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Floor Furnace
Flooring Laminate, Tile, Wood
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Driveway, Garage, Garage Faces Rear
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Sidewalks
Roof Type Composition
Parking Type Driveway, Garage, Garage Faces Rear
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre, Front Yard, Lawn
Faces West
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7266024025
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Brian Noh • Nohco Real Estate
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