445 Rose Avenue $5,712,500

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    445 Rose Avenue Long Beach, CA 90802

    Closed
    SOLD 12/3/2019

    $5,712,500

    Market Estimate
    • 0 Beds
    • 0 Baths
    • 13,600 sq.ft.
    • Multi-Family
    • MLS# PW19228547
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    Views: 37 Days On Market: 55

    Property Details

    445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere. 445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.

    • General Features
      • Number Of Separate Water Meters 1
      • Number Of Separate Electric Meters 16
      • Number Of Separate Gas Meters 16
      • Number Of Units Total 16
      • Year Built 1963
      • Subdivision Name Other (OTHR)
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Community Features Sidewalks, Urban
    • Building Features
      • Laundry Features Common Area
    • Property Features
      • Lot Size Acres 0.15
      • Lot Features 16-20 Units/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 12.00

    Neighborhood

    Neighborhood Details available exclusively for Property Watch members

    Market Last 30 Days

    Market information available exclusively for Property Watch members

    Property History

    Date Event Price Percent Change
    -- New in Database Source
    12/3/2019 12:00:00 AM Sold Source New Value: $5,712,500
    11/14/2019 5:17:46 PM Status Changed Source New Value: Pending

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    Based on information from California Regional Multiple Listing Service, Inc. as of 1/29/2020 3:48:46 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.