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Listed by Robert Stepp • Keller Williams Realty Downey
$ 1,200,000
Est. payment /mo
Active Under Contract
420 North Rose Long Beach, CA 90802
3,576 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,576 sqft
Price per Sqft $335
MLS Listing ID PW-25236496
Year Built 1923
Lot Size 3,141 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
420 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 dedicated dining room. All apartments are
equipped with in-unit washer/dryers, a sought after amenity that
supports higher rental demand. Additional features include a
one-car parking space and a detached storage unit. 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. Seller is asking $500k.
The property has undergone recent improvements, including new
windows installed throughout within the past four years, new
exterior stucco, and a precast rear stairway.
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
.
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 dedicated dining room. All apartments are
equipped with in-unit washer/dryers, a sought after amenity that
supports higher rental demand. Additional features include a
one-car parking space and a detached storage unit. 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. Seller is asking $500k.
The property has undergone recent improvements, including new
windows installed throughout within the past four years, new
exterior stucco, and a precast rear stairway.
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
Laundry Inside
Exterior
Parking Features Parking Space, Paved
Garage Spaces 1.0
Pool None
Community Features Sidewalks
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944