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911-919 Rose, Long Beach

  • Rare portfolio property of 16 units on 2 parcels separated by an entry courtyard
  • Great unit mix of fourteen 2 bed/1 bath units and two 3 bed/2bath units
  • All but 1 unit recently upgraded including flooring, kitchen cabinets, quartz counters, and new bathrooms
  • Strong actual income at 12.91X gross plus an additional 10.3% upside in income to a market GRM of 11.70
  • Very well parked with 10 separate garages plus 10 off street parking spaces
  • Less than a mile to Alamitos Beach and only 4 blocks to Retro Row
current

Download Offering Memorandum

UNITS: 16

GROSS RENT MULTIPLIER: 12.91

CAP RATE: 4.9%

AGENT: anthonywalker

PRICE

$4,600,000

ANNUAL INCOME

$336,900

ANNUAL NOI

$223,391

ANNUAL EXPENSE

$116,164

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
1421$1,698$23,775$1,895$26,530
232$2,150$4,300$2,300$4,600
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
1653$28,075$31,130