1426 Rose Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,695,000
1426 Rose Avenue, Long Beach, California 90813
0Bed
0Bath
4,676Sqft
6,568Lot
Year Built
1990
Close
-
List price
$1.7M
Original List price
$1.88M
Price/Sqft
$362
HOA
-
Days on market
-
Sold On
-
MLS number
PW24232551
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $1.70M(92th), sqft - 4676(92th), beds - undefined(50th), baths - undefined(50th).
Here is a large four-plex property available with spacious units in the city of Long Beach, only 2 to 3 miles from the beach, schools, CSULB, Veteran Affair Medical Center, and a golf course. Property has four units: Each units 3Bed / 2 Bath. Strong rental area with tons of upside on rent would be a great source of income. Located convenient to shopping and walking distance to great restaurants and public transportation, Will not last long, please contact as soon as possible.
Price History
Date
Event
Price
01/04/00
Sold
$356,000
Condition Rating
Fair
The property was built in 1990. The description mentions the potential for increased rental income, suggesting that the current rents are below market value, which could be due to the units being somewhat outdated. The images show a standard, but not recently renovated, interior. Given the age and the lack of explicit mention of recent renovations, a 'Fair' condition score is appropriate. It likely requires some updates to maximize its rental potential.
Pros & Cons
Pros
Income Potential: Four units, each with 3 beds/2 baths, offer strong rental income potential in a desirable Long Beach location.
Prime Location: Close proximity to the beach, schools, CSULB, Veteran Affair Medical Center, golf course, shopping, restaurants, and public transportation enhances tenant appeal.
Upside Potential: Significant upside potential on rents suggests opportunity for increased cash flow and property value.
Cons
Deferred Maintenance: Property may require updates or renovations to maximize rental income and attract higher-quality tenants.
Competition: Other multi-family properties in Long Beach may present competition for tenants, requiring strategic marketing and management.