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744 Rose Ave, Long Beach, CA 90813
$2,350,000
744 Rose Ave, Long Beach, CA 90813View this property at 744 Rose Ave, Long Beach, CA 90813
744 Rose AveLong BeachCA90813
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Property Description
744 Rose Ave is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.23 x gross and 5.01% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 12 total spaces in a secured gated parking garage. All units are separately metered for gas/electric and water is billed back to tenants through a RUBS program for added income retention. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Full Property Details
Full Property Details for 744 Rose Ave
General
- Sold For: $2,350,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-326599
- Added to Site: 215 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 17
Bedrooms
- Total Bedrooms: 17
Additional Information
- Other Features: None
Parking
- Garage Description: Carport
Location
- Area: Downtown Area, Alamitos Beach
- County: Los Angeles
- Driving Directions: East of Gaviota/West of Cherry
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 0
- Square Feet: 7,617
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1987
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 9
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1435
- Lot Size: 6252
- Lot Size Source: Vendor Enhanced
- Zoning: LBR2N
Financial Considerations
- Price Per Sq. Ft.: $321.65
- Assessment Year: 1987
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7267-030-028
Listed and Sold by Keller Williams Larchmont, Byron Field
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Schools
Schools serving 744 Rose Ave
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 Junipero Ave, Long Beach, CA 90814 | PK-5 | 0.3 mi | |
540 Cerritos Ave, Long Beach, CA 90802 | 6-8 | 0.5 mi | |
1600 Atlantic Ave, Long Beach, CA 90813 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 744 Rose Ave
Date
Details
Price
Change
Source
12/12/2023
Sold
$2,350,000
-4.08%
MLS
10/30/2023
Listed
$2,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
744 Rose Ave, Long Beach, CA 90813 (MLS# 23-326599) is a Multi-Family property that was sold at $2,350,000 on December 12, 2023. Want to learn more about 744 Rose Ave? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.