NOT LISTED FOR SALE

477 Rose Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood
-- Bed
1 Bath
3,600 Sq Ft
7,500 Sq Ft Lot

Last Sold March 13, 2017

Last sale price $1,695,000 $471 Per Sq Ft

38 Days on Market

Highlights

  • 7,500 Sq Ft lot
  • Craftsman Architecture
  • Double Pane Windows
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • 4-minute walk to Miracle On Fourth Street Park

About This Home

As of March 2017

Beautiful Alamitos Beach units. Well maintained! New roof, sewer and garage rehab. Broker owned for years. Owner has used their depreciation and need to sell. Many upgrades and a number of the units have been rehabbed. Pavered entry and courtyard..and rear of building. Mature lush landscaping. Close to everything..schools, shopping and public transportation..and ocean.

Last Agent to Sell the Property

Susan Doan

Burton S. Young, Broker License #00544426 Listed on: 11/01/2016

Last Buyer's Agent

Susan Doan

Burton S. Young, Broker License #00544426 Listed on: 11/01/2016

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Density is 11-15 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Craftsman Architecture
  • Turnkey
  • Asbestos Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1 Bathroom
  • 3,600 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Blinds
  • Gas Cooktop

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 7266020022

Community Details

Overview

  • 3 Buildings
  • 13 Units

Building Details

  • 13 Leased Units
  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $2,160
  • Insurance Expense $3,000
  • Other Expense $3,600
  • Pest Control $360
  • Supplies Expense $5,000
  • Water Sewer Expense $5,508
  • New Taxes Expense $13,600
  • Operating Expense $29,778
  • Gross Income $112,340
  • Net Operating Income $82,739

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Year Built

Built in 1929 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • Supplies Expense: 5000.00
  • View: No
  • Water Sewer Expenses: 5508.00
  • Architectural Style: Craftsman
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2160.00
  • Parcel Number: 7266020022
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 470.83
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Asbestos Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage, Washer Hookup
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 7500.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity

Multi Family

  • Average Studio Area: 300 Square Feet
  • Garage Income: 150.00
  • Gross Income: 112340.00
  • Gross Scheduled Income: 112000.00
  • Insurance Expense: 3000.00
  • Net Operating Income: 82739.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Number With Carpet: 13
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 29335.00
  • Operating Expense Percent: 30.00
  • Other Expense: 3600.00
  • Other Expense Description: On site
  • Rent Control: No
  • Total Expenses: 29778.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 13600.00
  • Tax Lot: 000
  • Tax Tract Number: 000

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
03/13/2017 03/13/17 Sold $1,695,000 0.0% $471 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
11/01/2016 11/01/16 For Sale $1,695,000 -- $471 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Susan Doan

    Burton S. Young, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16739228

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

477 Rose Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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