NOT LISTED FOR SALE

Estimated Value: $1,232,000 - $1,627,000

9 Beds
4 Baths
3,468 Sq Ft
$414/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $1,190,000 $343 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,190/month

43 Days on Market

About This Home

As of April 2021

1400 Rose Avenue is a 4-unit multifamily investment property in the City of Long Beach. 1400 Rose Avenue represents an opportunity to acquire a multifamily asset in one of the most desirable submarkets in Los Angeles County. While being centrally located in the heart of the city, the property benefits from being 2-miles (approximately) from the 710 Freeway and 2-miles (approximately) from the 405 Freeway. Within the city, residents enjoy easy access to public transit including the light rail Metro A Line which connects the City of Long Beach with Downtown Los Angeles.

Built in 1930, the property consists of an excellent unit mix of one one-bedroom, one two-bedrooms and two three-bedrooms. The property also offers its residents convenient on-site amenities such as garage parking and secured entry.

1400 Rose avenue is located on the northside of Rose Avenue at the corner of 14th Street and Rose Avenue in the highly desirable neighborhood of MacArthur Park. The property is just minutes from Cal. State Long Beach, 4th Street (Retro Row), Museum of Latin American Art, Shoreline Village, The Pike Outlets, the newly build Long Beach Exchange, as well as, numerous local shopping and dining options.

Last Agent to Sell the Property

Christopher Arvizu

Christopher Arvizu License #01477085 Listed on: 01/06/2021

Last Buyer's Agent

Edmon Lee

Lee Commercial Properties License #01702793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,541

Year Built

  • Built in 1930

Lot Details

  • 4,382 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 3,468 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 5752
  • Tax Tract Number 15

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $23,562
  • Gross Income $5,400
  • Net Operating Income $55,026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,541

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.49
  • Property Attached: Yes
  • Property Type: Residential Income
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 343.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4382.00
  • Lot Size Acres: 0.1006
  • Latitude Manual: 33.78454600

Rental Info

  • Garage Rental Rate: 150.00

Multi Family

  • Garage Income: 450.00
  • Gross Income: 5400.00
  • Gross Multiplier: 15.90
  • Gross Scheduled Income: 77040.00
  • Lot Size Area: 4382.0000 Square Feet
  • Net Operating Income: 55026.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23668.00
  • Rent Control: Yes
  • Total Expenses: 23562.00
  • Vacancy Allowance: 3852

Tax Info

  • Tax Lot: 5752
  • Tax Tract Number: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Apr 29, 2021
Sold by
Kim Jaysen S and Lee Seung Eun
Bought by
Indominus Llc
Seller's Agent
Christopher Arvizu
Christopher Arvizu
Buyer's Agent
Edmon Lee
Lee Commercial Properties
List Price
$1,225,000
Sold Price
$1,190,000
Premium/Discount to List
-$35,000
-2.86%
Current Estimated Value
$1,436,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,471
Avg. Annual Appreciation
4.65%
Original Mortgage
$892,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2021
Closed on
Mar 27, 2021
Sold by
J & M Priority Properties Llc
Bought by
Kim Jaysen S and Lee Seung Eun
Seller's Agent
Christopher Arvizu
Christopher Arvizu
Buyer's Agent
Edmon Lee
Lee Commercial Properties
List Price
$1,225,000
Sold Price
$1,190,000
Premium/Discount to List
-$35,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2017
Sold by
Sousa John M and Sousa Elaine
Bought by
J & M Priority Properties Llc

Purchase Details

Listed on
Sep 29, 2015
Closed on
Oct 7, 2015
Sold by
Sindell Milo
Bought by
Sousa John M and Sousa Elaine
Seller's Agent
Shawn Mohler
The Mohler Real Estate Group
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$749,900
Sold Price
$750,000
Premium/Discount to List
$100
0.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$562,500
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 7, 2014
Closed on
Aug 18, 2014
Sold by
The Debra G Caldin Living Trust
Bought by
Sindell Milo and Sindell Thuy
Seller's Agent
Frank Kenny
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
Shawn Mohler
The Mohler Real Estate Group
List Price
$654,000
Sold Price
$650,000
Premium/Discount to List
-$4,000
-0.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.63%
Original Mortgage
$487,500
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2009
Sold by
Caldin Debra G and Lowe Phyllis G
Bought by
Caldin Debra G

Purchase Details

Closed on
May 11, 2006
Sold by
Caldin Ralph L and Caldin Debra G
Bought by
Caldin Debra G

Purchase Details

Closed on
Apr 15, 2005
Sold by
Gedert Ray and Gedert Ellen
Bought by
Caldin Ralph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,750
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 3, 2003
Sold by
Knorovsky Alex
Bought by
Gedert Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
4.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2002
Sold by
Knorovsky Irene
Bought by
Knorovsky Alex

Purchase Details

Closed on
Oct 22, 2002
Sold by
Mustafic Fikreta Kathy
Bought by
Mustafic Izudin Izzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.75%

Purchase Details

Closed on
Oct 11, 2002
Sold by
Mustafic Izudin Izzo
Bought by
Knorovsky Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.75%

Purchase Details

Closed on
Aug 1, 2001
Sold by
Mosier John D
Bought by
Mustafic Izudin Izzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500
Interest Rate
7.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2001
Sold by
Mosier John D
Bought by
Mustafic Izudin Izzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500
Interest Rate
7.15%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2001
Sold by
Mccray Deanna E
Bought by
Mosier John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,850
Interest Rate
7.21%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2000
Sold by
Hud
Bought by
Mccray Deanna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,652
Interest Rate
8.63%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 1999
Sold by
Ramirez Eric and Hernandez Martin
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Dec 10, 1997
Sold by
Chung Silas W
Bought by
S W C Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,449
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 1997
Sold by
S W C Investments Inc
Bought by
Hernandez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,449
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1997
Sold by
Chung Grace H
Bought by
Chung Silas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.7%

Purchase Details

Closed on
Jun 5, 1997
Sold by
Hud
Bought by
Chung Silas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.7%

Purchase Details

Closed on
Apr 2, 1997
Sold by
National Pacific Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Sep 16, 1996
Sold by
Torres Luis E and National Pacific Mtg Corp
Bought by
National Pacific Mtg Corp

Purchase Details

Closed on
Jun 11, 1996
Sold by
Torres Luis E
Bought by
New Haven Corp

Purchase Details

Closed on
Jul 23, 1993
Sold by
Schoeman Tai and Chambers Bruce
Bought by
Garland G Dean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,888
Interest Rate
7.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 1993
Sold by
Garland G Dean G and Garland Cheryl
Bought by
Torres Luis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,888
Interest Rate
7.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Indominus Llc -- Accommodation
Kim Jaysen S $1,190,000 Fntg Builder Services
J & M Priority Properties Llc -- None Listed On Document
Sousa John M $750,000 Chicago Title Company
Sindell Milo $650,000 Title365 Company
Caldin Debra G -- None Available
Caldin Debra G -- None Available
Caldin Ralph L $815,000 Stewart Title Of Ca Inc
Gedert Ray $599,000 Equity Title
Knorovsky Alex -- First American Title
Mustafic Izudin Izzo -- First American Title
Knorovsky Alex $420,000 First American Title Co
Mustafic Izudin Izzo -- --
Mustafic Izudin Izzo -- --
Mosier John D $330,000 United Title Company
Mccray Deanna E $230,000 United Title
Countrywide Home Loans Inc $264,275 Landsafe Title
Hud -- Landsafe Title
S W C Investments Inc -- Old Republic Title
Hernandez Martin $265,000 Old Republic Title
Chung Silas W -- California Counties Title Co
Chung Silas W $131,000 California Counties Title Co
Hud -- American Title
National Pacific Mtg Corp $218,727 American Title
New Haven Corp -- --
Garland G Dean -- --
Torres Luis E $210,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Jaysen S $892,500
Previous Owner Kim Jaysen S $892,500
Previous Owner Sousa John M $562,500
Previous Owner Sindell Milo $487,500
Previous Owner Sindell Milo $487,500
Previous Owner Caldin Ralph L $529,750
Previous Owner Gedert Ray $479,200
Previous Owner Knorovsky Alex $336,000
Previous Owner Mosier John D $5,500
Previous Owner Mosier John D $324,850
Previous Owner Mccray Deanna E $258,652
Previous Owner Hernandez Martin $254,449
Previous Owner Chung Silas W $60,000
Previous Owner Torres Luis E $203,888
Closed Knorovsky Alex $42,000
Closed Caldin Ralph L $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $1,190,000 -2.9% $343 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $1,225,000 +63.3% $353 / Sq Ft
11/20/2015 11/20/15 Sold $750,000 0.0% $216 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
09/29/2015 09/29/15 For Sale $749,900 +15.4% $216 / Sq Ft
10/07/2014 10/07/14 Sold $650,000 -0.6% $187 / Sq Ft
08/14/2014 08/14/14 Pending -- -- --
06/18/2014 06/18/14 For Sale $654,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,541 $1,288,093 $432,972 $855,121
2024 $16,541 $1,262,837 $424,483 $838,354
2023 $16,263 $1,238,076 $416,160 $821,916
2022 $15,265 $1,213,800 $408,000 $805,800
2021 $10,554 $820,231 $437,457 $382,774
2020 $10,526 $811,822 $432,972 $378,850
2019 $10,403 $795,905 $424,483 $371,422
2018 $10,090 $780,300 $416,160 $364,140
2016 $9,276 $750,000 $400,000 $350,000
2015 $7,909 $650,000 $350,000 $300,000
2014 $7,897 $640,000 $234,100 $405,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21002817

California Regional Multiple Listing Service (CRMLS)

APN: 7261-016-018