445-455 Rose Avenue

445-455 Rose Avenue, Long Beach, CA 90802

Sale Price

$5,900,000

Investment Overview

Units

16

Year Built

1963

The Offering

INVESTMENT OPPORTUNIT Y 445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one-bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic.

The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere. With a Walk Score of 93, 445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, 445-455 Rose Avenue has been carefully crafted to create a highly appealing and marketable rental asset in one of the most sought-after neighborhoods in Long Beach. 445-455 Rose Avenue provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.