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503-505 Rose Avenue

503-505 Rose Avenue,Long Beach, CA 90802

2

Unit

$875,000

Price

Property Details

Price Per Unit

$437,000

Price per SF

$421

Current Cap Rate

5.31%

Market Cap Rate

6.61%

Current GRM

12.20

Market GRM

10.42

503-505 Rose Avenue

503-505 Rose Avenue,Long Beach, CA 90802

$875,000

Price

Property Details

Price per SF

$421

Price Per Unit

$437,000

Price per SF

$421

Current Cap Rate

5.31%

Market Cap Rate

6.61%

Unit

2

Current GRM

12.20

Market GRM

10.42

Description

503-505 Rose Avenue is comprised of two (2) houses on a 7,482-square foot parcel in Alamitos Beach, Long Beach. 503 is comprised of (5) bedrooms / two (2) bathrooms and 505 consists of four (4) bedroom / two (2) bathrooms.

Both houses offers in-unit washer/dryers and sizable private and fenced off yards.  The rear unit features a large covered front porch.  Ample parking is available in an impacted parking area.  The property offering two (2) single car garages and five (5) surface spaces.  A third garage provides storage.

Highlights

  • Sizable private and fenced off yards for both houses
  • Rear house features a large covered front porch
  • Ample parking in a parking impacted area – two (2) single car garages and five (5) surface spaces
  • Third garage provides storage area
  • Both houses offer washer/dryer

Map