NOT LISTED FOR SALE

1625 Rose Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,040,000 - $1,528,183

12 Beds
7 Baths
3,740 Sq Ft
$366/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $747,000 $200 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,377/month

69 Days on Market

About This Home

As of September 2015

Great opportunity to invest in a 4-unit income-producing property in Long Beach! Front house is a 3 bedroom, 1 bath built in 1921. Back building built in 1989 has 3 units: 1 bed/1 bath, 2 bed/1 bath, and 6 bed/4 bath. Plenty of parking on the property and roof is less than 5-years old. All current residents are long-term, with the exception of the 1-bedroom unit. Rent on long-term tenants has not been raised in years. Property being sold AS-IS.

Last Agent to Sell the Property

Luen Song

Coldwell Banker Realty License #01733206 Listed on: 05/29/2015

Coldwell Banker Realty

Last Buyer's Agent

Luen Song

Coldwell Banker Realty License #01733206 Listed on: 05/29/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,691

Year Built

  • Built in 1989

Lot Details

  • 6,253 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Level Lot
  • Density is 2-5 Units/Acre

Parking

  • 10 Parking Spaces

Home Design

  • 3,740 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 3661
  • Assessor Parcel Number 7261011031

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $690
  • Water Sewer Expense $2,103
  • Gross Income $4,750
  • Net Operating Income $39,051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,691

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Water Sewer Expenses: 2103.00
  • Property Type: Residential Income
  • Parcel Number: 7261011031
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 199.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre, Level with Street
  • Lot Size Sq Ft: 6253.00
  • Price Per Lot Square Foot: 119.46
  • Lot Size Acres: 0.1440

Multi Family

  • Gross Income: 4750.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 690.00
  • Lot Size Area: 6253.0000 Square Feet
  • Net Operating Income: 39051.00
  • 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: 17399.00
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 3661
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2020
Sold by
Taing Seng Cok and Taing Huy Heang
Bought by
Taing Seng Cok and Taing Huy Heang
Current Estimated Value
$1,369,296

Purchase Details

Listed on
May 29, 2015
Closed on
Aug 12, 2015
Sold by
Lay Sody
Bought by
Heang Taing Seng and Heang Huy
Seller's Agent
Luen Song
Coldwell Banker Realty
Buyer's Agent
Luen Song
Coldwell Banker Realty
List Price
$799,000
Sold Price
$747,000
Premium/Discount to List
-$52,000
-6.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$522,900
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2010
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Lay Sody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4.21%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 19, 1999
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Lay Kheng and Ly Nay Ky

Purchase Details

Closed on
Aug 24, 1998
Sold by
Residential Funding Corp
Bought by
Lay Kheng and Ly Nay Ky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,400
Interest Rate
4.35%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Paredes Maria Elena
Bought by
Residential Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,400
Interest Rate
4.35%

Purchase Details

Closed on
Aug 25, 1997
Sold by
Monh Luke
Bought by
Rodriguez Adolfo and South Central Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,888
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 1997
Sold by
Rodriguez Adolfo and South Central Investments
Bought by
Paredes Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,888
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 1996
Sold by
Monh Sayeng and Ung Tech Ngo
Bought by
Kang Kimlong and Tran Ngoc P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,951
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 23, 1996
Sold by
Monh Ridel
Bought by
Monh Sayeng and Ung Tech Ngo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,951
Interest Rate
8.3%
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
Taing Seng Cok -- None Available
Heang Taing Seng $747,000 Chicago Title
Lay Sody -- Chicago Title Company
Lay Sody $212,000 Accommodation
Lay Kheng -- --
Lay Kheng $190,500 Fidelity National Title
Residential Funding Corp $180,000 Chicago Title
Rodriguez Adolfo $198,000 --
Monh Luke -- --
Paredes Maria Elena $330,000 Commonwealth Land Title Co
Kang Kimlong $170,000 Investors Title Company
Monh Sayeng -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heang Taing Seng $522,900
Previous Owner Lay Sody $170,000
Previous Owner Lay Kheng $182,000
Previous Owner Lay Kheng $191,000
Previous Owner Lay Kheng $195,000
Previous Owner Lay Kheng $152,400
Previous Owner Paredes Maria Elena $314,888
Previous Owner Kang Kimlong $165,951
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2015 09/30/15 Sold $747,000 -6.5% $200 / Sq Ft
08/06/2015 08/06/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $799,000 -- $214 / 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 $11,691 $884,289 $473,516 $410,773
2024 $11,691 $866,951 $464,232 $402,719
2023 $11,493 $849,953 $455,130 $394,823
2022 $10,800 $833,288 $446,206 $387,082
2021 $10,572 $816,950 $437,457 $379,493
2020 $10,544 $808,574 $432,972 $375,602
2019 $10,422 $792,721 $424,483 $368,238
2018 $10,085 $777,178 $416,160 $361,018
2016 $9,269 $747,000 $400,000 $347,000
2015 $5,842 $463,710 $165,230 $298,480
2014 $5,818 $454,628 $161,994 $292,634
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Luen Song

    Coldwell Banker Realty

    (562) 494-4600

    5 Total Sales

    Luen Song
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15115323

California Regional Multiple Listing Service (CRMLS)

APN: 7261-011-031

California Los Angeles County Long Beach 90813 Central

1625 Rose Ave, Long Beach, CA

This home is located at 1625 Rose Ave, Long Beach, CA 90813 since 29 May 2015 and is currently estimated at $1,369,296, approximately $366 per square foot. This property was built in 1989. 1625 Rose Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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