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Sold on 11/08/2023

744 Rose Ave, Long Beach, CA 90813

  • $3,009,887

    Last sold 11/08/2023 for $2.35M

  • 17

    bed

  • 17

    bath

  • 7,617

    Sqft ($309/Sqft)

Multi-family not for sale
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About 744 Rose Ave

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 6,252 Sqft
Movoto estimate
Property description
744 Rose Ave is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.23 x gross and 5.01% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 12 total spaces in a secured gated parking garage. All units are separately metered for gas/electric and water is billed back to tenants through a RUBS program for added income retention. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Listed by
Listing Agent - Byron Field
Listing Office - Keller Williams Larchmont
Source: The MLS mls logo
MLS#23-326599 • last updated 2 years ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style Multi/Split
MLS # 23-326599
Type Residential Income
Status Sold
SqFt 7617
Lot Size (SqFt) 6252
Lot Size (Acres) 0.1435
Year Built 1987
Interior
Total # of Baths 17
Total # of Bedrooms 17
Exterior
# Parking Spaces 15
Parking Desc Carport
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR2N
APN 7267-030-028
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 935
Unit 1: # Beds 1
Unit 1: Rent 935
Unit 2: Rent 1716
Unit 2: Furnished No
Unit 2: Projected Rent 13728
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 1: # Baths 1
Unit 2: Actual Rent 13728
Unit Type 2106, 2107
Unit 1: Actual Rent 935
Total # Of Buildings 1
Net Operating Income 122630
Cap Rate 5.01
Gross Income 185148
Gross Operating Income 179594
Gross Rent Multiplier 13.23
Total Annual Expenses 56963
$3M
Range: $2.7M-$3.31M
Last 30 days 
  • Dec 2023
    Public Records
  • Dec 12, 2023 Sold
    $1,485,000 (-36.8%)
  • Dec 2023
    mls logo MLS # 23-326599
  • Dec 12, 2023 Sold
    $2,350,000 (-4.1%)
  • Nov 8, 2023 Active
    —
  • Oct 30, 2023 Listed
    $2,450,000 (+48.5%)
  • May 2015
    Public Records
  • May 29, 2015 Sold
    $1,650,000 (+22.9%)
  • Jan 2006
    Public Records
  • Jan 6, 2006 Sold
    $1,342,500
  • 744 Rose Ave
    $2.35M
  • Central Long Beach
    $467K -10% y/y
  • 90813
    $560K +12% y/y
  • Long Beach
    $699K -3% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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