Description

412 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district. The property offers (2) 2 BD/1.75 BA with a den floorplans and (2) 2 BD/1 BA with den floorplans as well as a common rear patio for tenants to enjoy. A separate laundry room provides potential extra income. Additionally there is an opportunity to acquire an adjacent parking lot in a neighborhood where parking is often limited, which has 15 Storage spaces and 8 parking spaces. Seller is asking $500K. The property has undergone recent improvements, including new windows installed throughout within the past five years, new exterior stucco, and a precast rear stairway. Recognized in publications such as The New York Times, Sunset Magazine, and The New Yorker, 4th Street / Retro Row is a vibrant, pedestrian- and bike-friendly corridor, home to 40+ independent merchants. The area is celebrated for its eclectic mix of vintage and contemporary clothing, furniture, accessories, art, antiques, and collectibles, as well as a diverse range of acclaimed restaurants, cafés, wine bars. With its prime location, strong rental fundamentals, and recent upgrades, 412 Rose Place represents a compelling investment opportunity for buyers seeking stable income and long-term value in one of the city’s most dynamic submarkets.