Sold
811-817 Rose Ave, Long Beach
- Rare property of 16 units on 2 parcels separated by an entry courtyard
- Perfect unit mix of 100% 2 bed/1 bath apartments
- All but 2 units recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms
- All windows recently replaced
- Strong actual income at 13.47X gross plus an additional 13% upside in income to a market GRM of 11.93
- 2 garages plus 15 off-street parking spaces
- Being sold either separately or as a portfolio with 911-919 Rose Ave
Property Details
- Units: 16
- Gross Rent Multiplier: 14.18
- Cap Rate: 4.3%
Download Offering Memorandum
Contact Listing AgentPrice
$5,000,000
Annual Income
$339,060
Annual NOI
$214,553
Annual Expense
$121,114
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 16 | 2 | 1 | $1,765 | $28,240 | $2,000 | $32,000 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 16 | 2 | 1 | $28,240 | $32,000 |
Let’s Discuss This Property
Please fill out the form below and we’ll get back to you as soon as we can.
