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Multifamily

830 Roswell Ave

830 Roswell Ave, Long Beach, CA 90804

Listing Price: $2,395,000

Cap Rate
3.90%
Number of Units
6
GRM
16.13
Price/Unit
$399,167
Price/Gross SF
$508.06
Gross SF
4,714

Investment Overview

Marcus & Millichap is pleased to present a 6-unit multifamily property. Built in 1964, the subject property consists of 4,714 rentable square feet spread throughout a 5,851 square foot lot. The building consists of two 1-Bedroom / 1-Bathroom units, three 2-Bedroom / 1-Bathroom units, and one 3-Bedroom / 1-Bathroom unit. It contains 10 parking spaces providing ample on-site parking.
Tenants enjoy living in the Greenbelt Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Investment Highlights

  • Rare Greenbelt Heights Location: Centrally located to Recreation Park, Retro Row, Cal state Long Beach, and Belmont Shore
  • Extensive Exterior Renovation 2023: Built in 1964
  • Amenities That All Tenants Value: Private Outdoor Patios and Balconies, and Private Parking (10 Spaces)
  • New Roof, New Windows, New Sewer Lines, New Landscaping, New Exterior Paint, and 1 Unit Renovated
  • 82 Walk Score – "Very Walkable" & 76 Bike Score – "Very Bikeable"
  • Attractive Seller Financing Available: 5.5% Interest Only, Please Contact Listing Agents for Details

Exclusively Listed By

Financing By

Multifamily

830 Roswell Ave

Listing Price: $2,395,000

Cap Rate
3.90%
Number of Units
6
GRM
16.13
Price/Unit
$399,167
Price/Gross SF
$508.06
Gross SF
4,714

Investment Highlights

  • Rare Greenbelt Heights Location: Centrally located to Recreation Park, Retro Row, Cal state Long Beach, and Belmont Shore
  • Extensive Exterior Renovation 2023: Built in 1964
  • Amenities That All Tenants Value: Private Outdoor Patios and Balconies, and Private Parking (10 Spaces)
  • New Roof, New Windows, New Sewer Lines, New Landscaping, New Exterior Paint, and 1 Unit Renovated
  • 82 Walk Score – "Very Walkable" & 76 Bike Score – "Very Bikeable"
  • Attractive Seller Financing Available: 5.5% Interest Only, Please Contact Listing Agents for Details

Investment Overview

Marcus & Millichap is pleased to present a 6-unit multifamily property. Built in 1964, the subject property consists of 4,714 rentable square feet spread throughout a 5,851 square foot lot. The building consists of two 1-Bedroom / 1-Bathroom units, three 2-Bedroom / 1-Bathroom units, and one 3-Bedroom / 1-Bathroom unit. It contains 10 parking spaces providing ample on-site parking. Tenants enjoy living in the Greenbelt Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Exclusively Listed By

Financing By

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