NOT LISTED FOR SALE

1805 E Wardlow Rd Long Beach, CA 90807

California Heights Neighborhood
3 Beds
3 Baths
18,557 Sq Ft
0.46 Acres

Last Sold October 04, 2019

Last sale price $7,250,000 $391 Per Sq Ft

77 Days on Market

Highlights

  • 0.46 Acre Lot
  • Corner Lot
  • Landscaped
  • Longfellow Elementary School Rated A-
  • Laundry Room

About This Home

As of October 2019

1805 East Wardlow Road is a renovated, 26-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Specifically, the property is in the historic neighborhood of California Heights and directly adjacent to the vibrant Bixby Knolls district. Fully renovated in 2017-2018, the property offers investors an exceptionally well-appointed building within one of the strongest submarkets in the city. The 18,557 square foot property consists of one- and two-bedroom floor plans. Originally built in 1965, 1805 East Wardlow Road offers amenities including a communal courtyard, on-site leasing office, custom barbecues, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, and more.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/22/2019

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 05/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.46 Acre Lot
  • No Common Walls
  • Landscaped
  • Corner Lot

Parking

  • 29 Car Garage

Home Design

  • 18,557 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 89
  • Tax Tract Number 10608
  • Assessor Parcel Number 7147024026

Community Details

Building Details

  • 26 Leased Units
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,443
  • Fuel Expense $3,443
  • Insurance Expense $9,100
  • Maintenance Expense $13,000
  • Other Expense $23,550
  • Professional Management Expense $23,548
  • Trash Expense $3,443
  • Water Sewer Expense $3,443
  • New Taxes Expense $113,113
  • Operating Expense $196,087
  • Gross Income $605,333
  • Net Operating Income $392,625

Additional Features

  • 26 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

29

Listing Details

  • Professional Management Expense: 23548.00
  • Property Attached: No
  • Subdivision Name Other: California Heights (CH)
  • Water Sewer Expenses: 3443.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7147024026
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 390.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 29.00
  • Total Parking Spaces: 29.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3443.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Sq Ft: 20037.60
  • Lot Size Acres: 0.4600

Multi Family

  • Electric Expense: 3443.00
  • Fuel Expense: 3443.00
  • Gross Income: 605333.00
  • Gross Operating Income: 588712.00
  • Gross Scheduled Income: 605333.00
  • Insurance Expense: 9100.00
  • Lot Size Area: 0.4600 Acres
  • Maintenance Expense: 13000.00
  • Net Operating Income: 392625.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 26
  • Number Of Units Total: 26
  • Operating Expense: 196087.00
  • Other Expense: 23550.00
  • Rent Control: No
  • Total Actual Rent: 46170.00
  • Total Expenses: 196087.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 113113.00
  • Tax Census Tract: 5720.01
  • Tax Lot: 89
  • Tax Tract Number: 10608

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2019 10/04/19 Sold $7,250,000 -15.5% $391 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $8,575,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2019

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    155 Total Sales

    Tyler Leeson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19120012

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90807 California Heights

1805 E Wardlow Rd, Long Beach, CA

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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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