419 Rose Avenue, Long Beach, California 90802, Long Beach, 90802 - bed, bath
ACTIVE$799,900
419 Rose Avenue, Long Beach, California 90802
0Bed
0Bath
2,448Sqft
4,450Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Coastal Location: Situated in the highly desirable Alamitos Beach/Rose Park area of Long Beach, just blocks from the beach, Downtown, 4th Street/Retro Row, shops, and dining, offering strong rental demand and appreciation potential.
Top Cons:
As-Is Condition & Required Updates: The property is being sold 'as-is' and explicitly states it 'may require updates or repairs,' suggesting significant capital expenditure will be necessary post-acquisition.
Compared to the nearby listings
Price:$799.9K vs avg $1.05M ($-250,100)27%
Size:2,448 sqft vs avg 2,688 sqft45%
Price/sqft:$327 vs avg $39145%
More Insights
Built in 1919 (106 years old).
Condition: Built in 1919, this property is explicitly marketed 'as-is' and 'may require updates or repairs.' The provided image of the bathroom confirms this, showing significant disrepair with peeling paint, old and stained tiles, and outdated fixtures, indicating a need for a complete renovation. While the structure may have 'vintage charm,' the overall condition suggests substantial rehabilitation is required across all units, including major system upgrades given its age.
Year Built
1919
Close
-
List price
$800K
Original List price
$1.5M
Price/Sqft
$327
HOA
-
Days on market
-
Sold On
-
MLS number
PW25153118
Home ConditionPoor
Features
ViewNeighborhood
About this home
419-423 Rose Avenue Investment Portfolio, 3 units on a lot in Prime Long Beach area close to Downtown! Incredible opportunity to acquire a multi-property portfolio in the heart of Long Beach’s Alamitos Beach/Rose Park area. Perfect for investors, developers, or those seeking a value-add rental portfolio. 419, 421, 423 Rose Ave: A standalone single-family home with vintage charm and loads of potential. Ideal for an owner-user or creative rehab. Rear, 2-story building has two 2 bedroom 1 bathroom units, one up and one down. A detached 1-car garage adds more value and future options. Please do not disturb occupants. Zoned residential, this is a rare chance to own multiple income-generating units just blocks from the beach, 4th Street/Retro Row, shops, and dining. Properties are being sold as-is, and may require updates or repairs. Buyer to verify all permits, zoning, and unit configurations. This is a probate sale and may require court confirmation.
Nearby schools
6/10
Burbank Elementary School
Public,•K-5•0.3mi
7/10
Stevenson Elementary School
Public,•K-5•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•0.5mi
7/10
Jefferson Leadership Academies School
Public,•6-8•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.3mi
6/10
Wilson High School
Public,•9-12•1.7mi
Condition Rating
Poor
Built in 1919, this property is explicitly marketed 'as-is' and 'may require updates or repairs.' The provided image of the bathroom confirms this, showing significant disrepair with peeling paint, old and stained tiles, and outdated fixtures, indicating a need for a complete renovation. While the structure may have 'vintage charm,' the overall condition suggests substantial rehabilitation is required across all units, including major system upgrades given its age.
Pros & Cons
Pros
Prime Coastal Location: Situated in the highly desirable Alamitos Beach/Rose Park area of Long Beach, just blocks from the beach, Downtown, 4th Street/Retro Row, shops, and dining, offering strong rental demand and appreciation potential.
Multi-Unit Income Portfolio: Comprising three distinct units (a standalone single-family home and a two-unit building), this property offers immediate income generation and portfolio diversification for investors.
Significant Value-Add Potential: Explicitly marketed for investors and developers seeking a 'value-add rental portfolio,' the property presents a substantial opportunity for renovation and increased rental income or resale value.
Substantial Price Reduction: The current list price of $799,900 represents a significant reduction from the original $1.5 million, indicating a potentially attractive entry point for buyers.
Detached Garage & Vintage Charm: The property includes a detached 1-car garage, adding practical value and potential for future development (e.g., ADU conversion), alongside the single-family home's inherent vintage charm.
Cons
As-Is Condition & Required Updates: The property is being sold 'as-is' and explicitly states it 'may require updates or repairs,' suggesting significant capital expenditure will be necessary post-acquisition.
Probate Sale & Court Confirmation: As a probate sale, the transaction may be subject to court confirmation, potentially leading to extended closing timelines and additional legal complexities.
Extensive Buyer Due Diligence: Buyers are advised to 'verify all permits, zoning, and unit configurations,' indicating a higher burden of due diligence and potential for uncovering unpermitted work or zoning challenges, especially for a 1919-built property.