Seller's Agent in 2019
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
16 in this area
74 Total Sales
455 Rose Ave Long Beach, CA 90802
North Alamitos Beach Neighborhood
6
Beds
4
Baths
13,600
Sq Ft
6,656
Sq Ft Lot
Highlights
- 0.15 Acre Lot
- Laundry Room
- 4-minute walk to Miracle On Fourth Street Park
- Long Beach Polytechnic High School Rated A
- 8 Car Garage
About This Home
As of December 2019445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere.
445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 09/26/2019
Last Buyer's Agent
Keller Williams Realty Downey License #01456379 Listed on: 09/26/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,656 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
- 7266020019
Parking
- 8 Car Garage
- Parking Available
- Uncovered Parking
Home Design
- Property Attached
Interior Spaces
- 13,600 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 5765
- Assessor Parcel Number 7266020018
Community Details
Overview
- 2 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,013
- Fuel Expense $2,013
- Gardener Expense $2,640
- Insurance Expense $5,114
- Maintenance Expense $7,200
- Other Expense $2,400
- Pest Control $1,320
- Professional Management Expense $17,509
- Trash Expense $2,013
- Water Sewer Expense $2,013
- New Taxes Expense $73,839
- Operating Expense $118,908
- Gross Income $391,590
- Net Operating Income $272,682
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2019 12/03/19 | Sold | $5,712,500 | -3.2% | $420 / Sq Ft |
| 11/14/2019 11/14/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $5,900,000 | -- | $434 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $44,238 | $3,342,805 | $2,122,416 | $1,220,389 |
| 2024 | $42,288 | $3,277,260 | $2,080,800 | $1,196,460 |
| 2023 | $41,579 | $3,213,000 | $2,040,000 | $1,173,000 |
| 2022 | $39,006 | $3,150,000 | $2,000,000 | $1,150,000 |
| 2021 | $35,827 | $2,885,840 | $1,732,767 | $1,153,073 |
| 2019 | $25,498 | $1,989,540 | $1,392,300 | $597,240 |
| 2018 | $4,855 | $293,961 | $94,463 | $199,498 |
| 2016 | $4,443 | $282,029 | $90,796 | $191,233 |
| 2015 | $4,292 | $277,794 | $89,433 | $188,361 |
| 2014 | $4,309 | $272,354 | $87,682 | $184,672 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19228547
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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