815 Roswell Ave — Sale in Long Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Long Beach, CA 90804

Photos

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Investment Figures

Cap rate
5.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 815 Roswell Avenue, a 3-unit multifamily investment property located in Long Beach, California. 815 Roswell Avenue is a distinctive Spanish-style property featuring attractive period architecture, meticulous landscaping and a well-maintained residential setting. Originally configured as 4 units, ownership combined the 2 rear 2-bedroom townhomes to create an expansive 4-bedroom owner’s residence, which they occupied for many years. The resulting floor plan provides a unique offering within a small multifamily property, further complemented by a large private rooftop deck with a built-in BBQ. The property has been maintained in excellent condition and benefits from several completed capital improvements. The front units feature new electrical panels, while the panels serving the rear residence were previously upgraded. The roof was replaced approximately 2 years ago and consists of tile roofing with flat composition sections. 815 Roswell Avenue also shares a quaint landscaped courtyard with neighboring 807 Roswell Avenue. The courtyard features a built-in fountain, mature landscaping and architectural detailing consistent with the Spanish-style character of the properties, creating an attractive common-area environment for residents. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its larger multi-bedroom floor plans. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 815 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and the 9-unit property at 825 Roswell Avenue. Each property is available for separate acquis

Market Context

This multifamily in Long Beach, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Long Beach, CA — view the full market.

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