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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$2,100,000
Est. payment /mo
4,642 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,642 sqft
Price per Sqft $452
MLS Listing ID OC-26201411
Year Built 1972
Lot Size 5,662 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
807 Roswell Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1972, 807 Roswell Avenue offers a desirable vintage, an all-townhome unit mix and exceptionally spacious floor plans consisting of 3 2-bed/1-bath units and 1 3-bed/2-bath unit. The residences total approximately 4,642 SF of net rentable area, averaging more than 1,160 SF per unit. These larger multibedroom floor plans, 2-story layouts and private patios provide a residential living experience that is increasingly difficult to replicate and highly desirable among Long Beach renters. The gated property has been well maintained by current ownership and is attractively landscaped, contributing to its strong curb appeal and residential character. Ownership has also completed several meaningful capital improvements, including a full repipe, new electrical subpanels and a roof replacement approximately 2 years ago consisting of tile roofing with flat composition sections. The property includes 3 garage parking spaces that are not currently separately monetized, providing an additional opportunity to generate parking income while retaining a valuable tenant amenity. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its larger 2- and 3-bedroom floor plans. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also a short drive away, providing convenient access to some of the city's most prominent shopping, dining, recreation and educational destinations. 807 Roswell Avenue is being offered in conjunction with the neighboring triplex at 815 Roswell Avenue and the 9-unit property at 825 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry None
Exterior
Garage Spaces 3.0
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights
Building
Lot Description Level with Street
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900