
Long Beach, California 90802
This High-Potential Investment Opportunity is a Quadruplex Asset listed at $1,300,000—positioned well below the $1,544,155 Fair Market Value by 15%. This valuation gap offers $244,155 in Instant Equity. Featuring a Mint Condition Rating with updated electrical, plumbing, and a new silicone roof, the property offers a stable, turnkey rental model. Its prime location near Retro Row ensures strong demand for its four 3-bedroom units. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 421 N Rose Subject | $1,300,000* List Price | 0 | 0 | 3,576 | $432 | - |
A 416 Lime Sold | $1,025,000 | 0 | 0 | 2,204 | $465 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a recent comprehensive renovation featuring modern kitchen cabinetry, updated flooring, and newer windows. Major building systems including electrical, plumbing, and the roof (silicone system) have been recently updated, placing it in mint condition with no immediate maintenance required.
The property features four identical 3-bedroom, 1-bathroom units, a rare and highly desirable configuration in the Alamitos Beach area that attracts long-term tenants and commands premium rental rates.
Significant updates including a new silicone roof, upgraded electrical and plumbing systems, and newer windows minimize immediate deferred maintenance and enhance the property's long-term investment value.
Situated near Long Beach’s vibrant Retro Row, the property benefits from exceptional walkability to trendy boutiques, dining, and entertainment, ensuring consistently strong rental demand.
The property was recently sold within the past year on 2025-12-12. The sold price is $1,069,000.00.
With only a two-car tandem parking space for four 3-bedroom units, the property lacks adequate on-site parking for a potential 12+ residents, which may be a drawback in a high-density neighborhood.
The building occupies nearly the entire 3,355 square foot lot, leaving minimal common area or private outdoor space for tenants, which could impact overall residential appeal.
421 Rose Place is a recently renovated four-unit apartment property ideally located near Long Beach’s popular 4th Street and Retro Row district. The property features 4 spacious, identical 3-bedroom, 1-bathroom units, providing a highly desirable and consistent unit mix with strong rental demand. Each residence has been thoughtfully renovated and includes convenient in-unit washer and dryer hookups. All units also have their own individual water heaters, allowing for separate utility control and added convenience. Newer windows have been installed throughout the property. Major building systems have been updated, including the electrical and plumbing systems, along with a new silicone roof system. Additional exterior improvements include newer stucco and a black double-metal security gate with a separate pedestrian entrance, providing added privacy, curb appeal, and controlled access. The property also includes a two-car tandem parking space. Located just moments from Retro Row, residents enjoy convenient access to one of Long Beach’s most distinctive shopping, dining, and entertainment destinations. The neighborhood is known for its walkable atmosphere, locally owned boutiques, vintage shops, restaurants, cafés, art galleries, and nightlife, making it a highly desirable place to live. With its 4 spacious and identical 3-bedroom units, recent renovations, updated major systems, individual water heaters, improved exterior, and prime Long Beach location, 421 Rose Place presents a compelling investment opportunity with strong rental fundamentals and long-term value.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 3,576 | 2,300.724 |
| Lot Size | 3,355 | 5,277.379 |
| Price | $1.30M | $1.24M |
| Price per sq ft | $364 | $513 |
| Built year | 1923 | 1949 |
| HOA | $0 | $0 |
| Days on market | 36 | 74 |
Aug 4, 2026
$1,300,000
Initial Listing
Dec 12, 2025
$1,069,000
Public Record
Jun 7, 2004
$750,000
Public Record
Jul 30, 2003
$440,000
Public Record
Jan 18, 2003
$763,500
Public Record
Jun 8, 2001
$295,000
Public Record
Dec 26, 1997
$215,000
Public Record
Mar 20, 1997
$118,500
Public Record