Seller's Agent in 2019
Austin Longwell
West Shores Realty, Inc.
(626) 408-4420
10 Total Sales
1509 Rose Ave Long Beach, CA 90813
Central NeighborhoodEstimated Value: $1,299,000 - $1,603,905
6
Beds
6
Baths
3,616
Sq Ft
$401/Sq Ft
Est. Value
Highlights
- Private Yard
- Long Beach Polytechnic High School Rated A
- No HOA
About This Home
As of August 2019We are pleased to present 1509 Rose Ave in Long Beach. This pride of ownership 6unit property in Central Long Beach features a 3,616 SF apartment complex on a gated 6,506 SF lot. The front building has (4) 1-bedroom/1bath units that are approximately 684 SF each, while the rear building consists of (2) additional 440 SF 1-bedroom/1-bath units and (4) separate garages. Three of the four garages are currently leased to tenants for additional income providing value for both tenants and owners. The property is centrally located in Long Beach, providing easy access to freeways, public transit, & downtown with all the shops, restaurants, & entertainment it has to offer. At $175k/door with a pro forma GRM of 8.93, this asset will not last long.
Last Agent to Sell the Property
West Shores Realty, Inc. License #02036524 Listed on: 06/28/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,506 Sq Ft Lot
- No Common Walls
- Sprinkler System
- Private Yard
- Lawn
- Garden
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 3,616 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 23
- Tax Tract Number 3661
- Assessor Parcel Number 7261011028
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Gardener Expense $1,000
- Insurance Expense $1,266
- Maintenance Expense $2,061
- Professional Management Expense $3,298
- Trash Expense $1,000
- Water Sewer Expense $1,000
- New Taxes Expense $13,125
- Operating Expense $23,949
- Gross Income $68,700
- Net Operating Income $42,003
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 11, 2021
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Jun 28, 2019
Closed on
Jul 18, 2019
Sold by
Bought by
Seller's Agent
Austin Longwell
West Shores Realty, Inc.
Buyer's Agent
David Goodwin
Fiv Realty Co
List Price
$1,050,000
Sold Price
$1,115,000
Premium/Discount to List
$65,000
6.19%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Purchase Details
Closed on
May 27, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 28, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $1,115,000 | Chicago Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $234,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/30/2019 08/30/19 | Sold | $1,115,000 | +6.2% | $308 / Sq Ft |
| 07/15/2019 07/15/19 | Pending | -- | -- | -- |
| 06/28/2019 06/28/19 | For Sale | $1,050,000 | -- | $290 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,158 | $1,410,800 | $929,598 | $481,202 |
| 2024 | $18,334 | $1,383,138 | $911,371 | $471,767 |
| 2023 | $18,020 | $1,356,018 | $893,501 | $462,517 |
| 2022 | $16,920 | $1,329,431 | $875,982 | $453,449 |
| 2021 | $16,576 | $1,303,364 | $858,806 | $444,558 |
| 2020 | $16,533 | $1,290,000 | $850,000 | $440,000 |
| 2019 | $5,640 | $380,436 | $221,923 | $158,513 |
| 2018 | $5,413 | $372,977 | $217,572 | $155,405 |
| 2016 | $4,980 | $358,495 | $209,124 | $149,371 |
| 2015 | $4,796 | $353,111 | $205,983 | $147,128 |
| 2014 | $4,795 | $346,195 | $201,949 | $144,246 |
Source: Public Records
Agents Affiliated with this Home
-
Austin Longwell
-
Brett Lyon
Seller Co-Listing Agent in 2019
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
2 in this area
132 Total Sales
-
David Goodwin
Buyer's Agent in 2019
David Goodwin
Fiv Realty Co
(714) 421-9517
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19153502
APN: 7261-011-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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