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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 13.9X gross plus an additional 16% upside in rents to a market GRM of 12.1
  • 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: 13.91

CAP RATE: 4.4%

AGENT: anthonywalker

PRICE

$4,800,000

ANNUAL INCOME

$322,860

ANNUAL NOI

$210,797

ANNUAL EXPENSE

$118,132

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
1421$22,605$316,470$24,635$344,890
232$4,300$8,600$4,600$9,200
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
1653$325,070$354,090