Seller's Agent in 2022
Lynn Fujihara
Buckingham Investments, Inc
(310) 897-8347
1 in this area
12 Total Sales
454 Rose Ave Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated Value: $989,103 - $1,444,000
4
Beds
4
Baths
2,912
Sq Ft
$403/Sq Ft
Est. Value
Highlights
- Corner Lot
- Floor Furnace
- 4-minute walk to Miracle On Fourth Street Park
- Long Beach Polytechnic High School Rated A
About This Home
As of December 2022454-460 Rose Avenue. Great opportunity to own a two story building consisting of 4 large 1 bedroom/1 bath units right off the 4th Street Corridor and adjacent to Retro Row. All Units are professional managed and are in good condition with a large functional layout, separately metered for gas & electricity. Close to 45% upside in rents and perfect for upgrading. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates ad strong long-term appreciation. Close proximity to Downtown Long Beach provides maximum accessibility, with plenty of public transportation and a high walk score. The beach, parks and attractions are just minutes away. Long Beach is thriving due to millions of dollars in private and public developments, strong employment and a growing local economy. This easy to own asset is a great addition to any portfolio or first time investor.
Last Agent to Sell the Property
Buckingham Investments, Inc License #02041167 Listed on: 08/17/2022
Last Buyer's Agent
Sam Alherech
Buckingham Investments, Inc License #02148135
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 2,126 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Home Design
- 2,912 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Urban Location
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 2
- Assessor Parcel Number 7266026021
Community Details
Overview
- 4 Units
- Alamitos Beach Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,229
- Pest Control $966
- Professional Management Expense $2,000
- Trash Expense $265
- Water Sewer Expense $2,358
- Operating Expense $18,249
- Gross Income $52,140
- Net Operating Income $22,454
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2022
Closed on
Nov 15, 2022
Sold by
Elkin Patrick
Bought by
Bholat Sauda Esoof and Shahid Sufian Akther
Seller's Agent
Lynn Fujihara
Buckingham Investments, Inc
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%
Views
2
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
$198,026
Avg. Annual Appreciation
6.31%
Original Mortgage
$731,250
Outstanding Balance
$708,575
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$464,451
Purchase Details
Closed on
Mar 17, 2005
Sold by
Bts
Bought by
Elkin Patrick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,000
Interest Rate
2.5%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Oct 4, 2001
Sold by
California/Equicredit Corp
Bought by
Lucas Christopher P
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,900
Interest Rate
6.84%
Purchase Details
Closed on
Jan 5, 2001
Sold by
Brue Dennis C
Bought by
California/Equicredit Corp
Purchase Details
Closed on
Aug 16, 1999
Sold by
Adams David
Bought by
Brue Dennis C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
7.89%
Purchase Details
Closed on
May 12, 1999
Sold by
Allen Debra
Bought by
Adams David
Purchase Details
Closed on
Feb 24, 1999
Sold by
Padilla Ramon and Padilla Norma
Bought by
Allen Debra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Interest Rate
6.92%
Purchase Details
Closed on
Jul 18, 1995
Sold by
Bankers Trust Company Of California Na
Bought by
Padilla Ramon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,850
Interest Rate
7.8%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 20, 1995
Sold by
Mcclay Leon Richard and Bankers Trust Company Of Calif
Bought by
Bankers Trust Company Of California Na and Rtc Mtg Pass Through Certificate Series
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 |
|---|---|---|---|
| Bholat Sauda Esoof | $975,000 | Clearmark Title | |
| Elkin Patrick | $669,000 | Chicago Title Co | |
| Bts | -- | Chicago Title Co | |
| Lucas Christopher P | $190,000 | First American Title | |
| California/Equicredit Corp | $209,900 | United Title Company | |
| Brue Dennis C | $290,000 | Equity Title | |
| Adams David | -- | Equity Title | |
| Allen Debra | $290,000 | California Counties Title Co | |
| Padilla Ramon | $91,000 | Continental Lawyers Title Co | |
| Bankers Trust Company Of California Na | $117,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bholat Sauda Esoof | $731,250 | |
| Previous Owner | Elkin Patrick | $481,000 | |
| Previous Owner | Lucas Christopher P | $151,900 | |
| Previous Owner | Brue Dennis C | $275,500 | |
| Previous Owner | Allen Debra | $217,500 | |
| Previous Owner | Padilla Ramon | $121,850 | |
| Closed | Lucas Christopher P | $18,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2022 12/15/22 | Sold | $975,000 | -11.4% | $335 / Sq Ft |
| 10/26/2022 10/26/22 | Pending | -- | -- | -- |
| 10/12/2022 10/12/22 | For Sale | $1,100,000 | 0.0% | $378 / Sq Ft |
| 09/27/2022 09/27/22 | Pending | -- | -- | -- |
| 08/17/2022 08/17/22 | For Sale | $1,100,000 | -- | $378 / 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 | $13,104 | $1,014,390 | $655,452 | $358,938 |
| 2024 | $13,104 | $994,500 | $642,600 | $351,900 |
| 2023 | $12,880 | $975,000 | $630,000 | $345,000 |
| 2022 | $11,172 | $878,728 | $483,367 | $395,361 |
| 2021 | $10,941 | $861,499 | $473,890 | $387,609 |
| 2019 | $10,784 | $836,228 | $459,835 | $376,393 |
| 2018 | $10,516 | $819,838 | $450,819 | $369,019 |
| 2016 | $9,672 | $787,735 | $433,314 | $354,421 |
| 2015 | $9,285 | $775,904 | $426,806 | $349,098 |
| 2014 | $9,228 | $760,706 | $418,446 | $342,260 |
Source: Public Records
Agents Affiliated with this Home
-
Lynn Fujihara
-
S
Buyer's Agent in 2022
Sam Alherech
Buckingham Investments, Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22179956
APN: 7266-026-021
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