420 N Rose, Long Beach, CA 90802

Property Description

420 Rose Place is a well-maintained 4-unit apartment property located in the heart of Long Beach’s iconic 4th Street / Retro Row district. Each unit offers a desirable two-bedroom, one-bathroom floor plan with a dedicated dining room. All apartments are equipped with in-unit washer/dryers, a sought after amenity that supports higher rental demand. Additional features include a one-car parking space and a detached storage unit. In addition, 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 four 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, 420 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 .