1426 Rose Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath
ACTIVE$1,555,000
1426 Rose Avenue, Long Beach, California 90813
0Bed
0Bath
4,676Sqft
6,568Lot
Year Built
1990
Close
-
List price
$1.55M
Original List price
$1.65M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
PW25080036
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.55M(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
Built in 1990, this property is 34 years old with no mention of recent major renovations. The exterior appears well-maintained, but the interior image shows dated carpeting and light fixtures, suggesting that the units, including kitchens and bathrooms (though not pictured), likely retain their original 1990s style and finishes. The property analysis also indicates a potential need for capital expenditure for updates to maximize rental income and tenant appeal. While functional and maintained, it requires minor updates to meet current aesthetic and quality standards.
Pros & Cons
Pros
Income-Generating Quadruplex: A large four-plex property with four spacious 3-bedroom, 2-bathroom units, offering significant rental income potential and strong appeal for investors.
Strategic Location: Prime location in Long Beach, only 2-3 miles from the beach, CSULB, Veteran Affair Medical Center, schools, and a golf course, enhancing tenant demand.
High Rental Demand Area: Described as a 'strong rental area with tons of upside on rent,' indicating robust tenant interest and potential for future rent increases.
Convenient Accessibility: Located conveniently to shopping, great restaurants, and public transportation, making it highly desirable for tenants without personal vehicles.
Recent Price Adjustment: The property has seen a significant price reduction from $1,650,000 to $1,555,000, potentially presenting a more attractive investment opportunity.
Cons
Potential for Deferred Maintenance/Updates: Built in 1990, the property may require capital expenditure for updates to systems, interiors, or common areas to maximize rental income and tenant appeal, as no recent renovations are mentioned.
Absence of Financial Performance Data: The listing lacks crucial investor information such as current rental income, operating expenses, or cap rate, making it difficult to assess immediate cash flow without further due diligence.
Unspecified Parking and Amenities: Details regarding parking availability (e.g., dedicated spaces, garages) and common amenities (e.g., laundry facilities, outdoor space) are not provided, which can be a critical factor for tenants in a four-plex.