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454 Rose Ave, Long Beach

  • Large 4-Unit apartment building right off the 4th Street Corridor
  • Huge upside in rents
  • Market GRM 14.3 and Market Cap Rate of 3.9%
  • Potential to convert to 2 bedroom units
  • Not subject to City of LA soft story retrofit program

Property Details

  • Units: 4
  • Gross Rent Multiplier: 21.1
  • Cap Rate: 2.0

Download Offering Memorandum

Contact Listing Agent

Price

$1,100,000

Annual Income

$52,140

Annual NOI

$22,454

Annual Expense

$27,079

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
111$1,195$1,195$1,595$1,595
111$1,000$1,000$1,595$1,595
111$1,125$1,125$1,595$1,595
111$1,025$1,025$1,595$1,595
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
444$4,345$6,380

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