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$975000   Price Analysis
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1229 Roswell Ave
Long Beach, CA 90804
1 bed 4 bath 3838 SqFt ($254/SqFt)
3835SqFt lot. Built 1940
Listed 2024-06-10
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Discover the perfect blend of residential and commercial opportunities at this mixed-use property located in the heart of Long Beach.

* Has Contingent Offer *

Featuring 3, 835 square feet of building space on a 3, 835 square foot lot, 1229 Roswell Ave/4136-4138 E Anaheim St offers two high-visibility retail units at the front, ideal for attracting foot traffic and boosting business. Behind the retail units, you'll find three residential units including one 1-bedroom, 1-bathroom unit and two studios. Currently, one studio and the bottom one-bedroom unit are vacant, providing the opportunity to upgrade and secure market rents.

The remaining studio is on a month-to-month lease and both commercial retail units will transition to month-to-month agreements starting September 1st. Don't miss this chance to own a versat ile mixed-use building in one of Long Beach's most sought-after neighborhoods. Whether you're looking to diversify your investment portfolio or estblish a new business hub, 1229 Roswell offers unlimited possibilities.


Presented by John Stiegler Ii at
Lyon Stahl Investment Re, Inc.


Property MLS #SB24118068 from CRMLS

Bedrooms: 1

Full Bathrooms: 4

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.0880395
Lot Size Source: Assessor
Lot Size Square Feet: 3835

Number of Units: 5
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Community Features: Urban

Source Listing Status: Active Under Contract
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 4606.00
Area: 3 - Eastside, Circle Area
Source Neighborhood: Circle (CA)
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 7254006033
Postal Code Plus 4: 4216
Professional Management Expense: 2077.00
Subdivision: Circle (CA)
Trash Expense: 600.00
Zoning: LBCCN
Source System Name: C2C

Listed 2024-06-10
$975000
CRMLS

Net Operating Income: 37053.00

Total Square Feet Living: 3838
Year Built: 1940
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 84
Property Attached: Yes
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor

Electric Expense: 2250.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 600.00
Water Source: Public

Bryant Elementary School is a public elementary school located approximately 0.1 miles away.
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Wilson High School is a public high school located approximately 0.4 miles away.
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Jefferson Leadership Academies School is a public middle school located approximately 0.5 miles away.
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Zinsmeyer Academy is a private elementary, middle and high school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.