Seller's Agent in 2022
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
4 in this area
104 Total Sales
18 Roswell Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,662,000 - $1,939,000
2
Beds
3
Baths
3,015
Sq Ft
$598/Sq Ft
Est. Value
Highlights
- Ocean View
- Fishing
- Laundry Room
- Lowell Elementary School Rated A-
- Across the Road from Lake or Ocean
- Bike Trail
About This Home
As of January 2022Tremendous opportunity to own this 5-unit building in the very attractive neighborhood of Belmont Shore. 18 Roswell has a unit mix of (3) 1 Bed/ 1 Bath units and (2) studio units. The property features 7 carport parking spaces with one garage space for additional parking - which is a huge plus for tenants who will greatly appreciate the provided amenities and stay longer for it. With a common balcony, tenants can enjoy the cool ocean breeze and have an area to unwind. All units have an abundance of natural light, giving tenants the perfect opportunity to enjoy the ideal beach living environment. This property has communal on-site laundry - which is leased with a portion of the proceeds going to the owner.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 10/15/2021
Co-Listed By
Caleb Baldwin
INTI Realty License #02056751
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,511
Year Built
- Built in 1968
Lot Details
- 4,097 Sq Ft Lot
- Property fronts an alley
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- 7 Carport Spaces
- Parking Available
- Rear-Facing Garage
Home Design
- Apartment
- Turnkey
- Flat Roof Shape
- Stucco
Interior Spaces
- 3,015 Sq Ft Home
- 2-Story Property
- Ocean Views
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Additional Features
- Exterior Lighting
- Across the Road from Lake or Ocean
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 3750
- Assessor Parcel Number 7256037034
- $811 per year additional tax assessments
Community Details
Overview
- 5 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Recreation
- Fishing
- Dog Park
- Bike Trail
Building Details
- 5 Leased Units
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gross Income $89,820
- Net Operating Income $62,874
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2021
Closed on
Dec 6, 2021
Sold by
Beach & Oceanaire Motel
Bought by
Beach & Oceanaire Motel
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$1,959,750
Sold Price
$1,959,750
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$156,733
Avg. Annual Appreciation
-1.51%
Original Mortgage
$1,162,500
Outstanding Balance
$1,071,108
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$783,414
Purchase Details
Listed on
Oct 15, 2021
Closed on
Nov 23, 2021
Sold by
Beach & Oceanaire Motel
Bought by
Kiger Jacob and Kiger Krizty
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$1,959,750
Sold Price
$1,959,750
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,500
Outstanding Balance
$1,071,108
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$783,414
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Beach & Oceanaire Motel | -- | Old Republic Title | |
| Kiger Jacob | $1,550,000 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kiger Jacob | $1,162,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/06/2022 01/06/22 | Sold | $1,959,750 | 0.0% | $650 / Sq Ft |
| 10/28/2021 10/28/21 | Pending | -- | -- | -- |
| 10/15/2021 10/15/21 | For Sale | $1,959,750 | -- | $650 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,511 | $1,644,872 | $1,061,208 | $583,664 |
| 2024 | $20,511 | $1,612,620 | $1,040,400 | $572,220 |
| 2023 | $19,958 | $1,581,000 | $1,020,000 | $561,000 |
| 2022 | $1,237 | $80,702 | $79,272 | $1,430 |
| 2021 | $1,210 | $79,120 | $77,718 | $1,402 |
| 2019 | $1,194 | $76,775 | $75,414 | $1,361 |
| 2018 | $1,105 | $75,271 | $73,936 | $1,335 |
| 2016 | $1,013 | $72,350 | $71,066 | $1,284 |
| 2015 | $975 | $71,264 | $69,999 | $1,265 |
| 2014 | $967 | $69,869 | $68,628 | $1,241 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
C
Seller Co-Listing Agent in 2022
Caleb Baldwin
INTI Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21214120
APN: 7256-037-033
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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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