NOT LISTED FOR SALE

Estimated Value: $1,000,000 - $1,350,054

6 Beds
4 Baths
2,080 Sq Ft
$549/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $998,000 $480 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,090/month

72 Days on Market

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Stacked Washer and Dryer
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of May 2023

503-505 Rose Avenue is comprised of two (2) houses on a 7,482-square foot parcel in Alamitos Beach, Long Beach. 503 is comprised of three (3) bedrooms / two (2) bathrooms and 505 consists of three (3) bedroom / two (2) bathrooms. Front house features a large, unique standup attic with window views on three sides, with a dividing wall and dedicated stairway that make the space feel like two extra loft bedrooms. Both houses offers in-unit washer/dryers and sizable private and fenced off yards. The rear unit features a large covered front porch. Ample parking is available in an impacted parking area. The property offering two (2) single car garages and five (5) surface spaces. A third garage provides storage.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 02/18/2023

Keller Williams Realty Downey

Co-Listed By

Larry Bustamante

Keller Williams Realty Downey License #00762602

Last Buyer's Agent

Marc Brenneiser

Las Lomas Realty, Inc. License #02027649

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 7,482 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 5 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5765
  • Assessor Parcel Number 7266021007
  • $558 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,768
  • Maintenance Expense $1,200
  • Other Expense $600
  • Pest Control $900
  • Professional Management Expense $3,477
  • Water Sewer Expense $2,081
  • New Taxes Expense $11,422
  • Operating Expense $23,048
  • Gross Income $69,459
  • Net Operating Income $46,501

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Professional Management Expense: 3477.00
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2081.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7266021007
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 479.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7482.00
  • Lot Size Acres: 0.1718

Multi Family

  • Gross Income: 69459.00
  • Gross Scheduled Income: 71700.00
  • Insurance Expense: 1768.00
  • Lot Size Area: 7482.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 46501.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 23048.00
  • Other Expense: 600.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 23048.00

Tax Info

  • New Taxes Expense: 11422.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 6
  • Tax Tract Number: 5765
  • TaxOtherAnnualAssessmentAmount: 558.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2023
Closed on
May 3, 2023
Sold by
Suzanne Marie Manhart Trust
Bought by
Donahoe Family Trust
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Marc Brenneiser
Las Lomas Realty, Inc.
List Price
$875,000
Sold Price
$998,000
Premium/Discount to List
$123,000
14.06%
Current Estimated Value
$1,141,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,264
Avg. Annual Appreciation
5.27%
Original Mortgage
$741,000
Outstanding Balance
$719,979
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$421,285

Purchase Details

Closed on
May 14, 2010
Sold by
Manhart Suzanne Marie
Bought by
Manhart Suzanne Marie and The Suzanne Marie Manhart Trus

Purchase Details

Closed on
Mar 14, 1994
Sold by
Manhart Raymond J
Bought by
Manhart Suzanne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500
Interest Rate
7.59%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Donahoe Family Trust $998,000 Old Republic Title
Manhart Suzanne Marie -- None Available
Manhart Suzanne Marie -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donahoe Family Trust $741,000
Previous Owner Manhart Suzanne Marie $16,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2023 05/19/23 Sold $998,000 0.0% $480 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
04/29/2023 04/29/23 Off Market $998,000 -- --
04/29/2023 04/29/23 For Sale $875,000 -12.3% $421 / Sq Ft
04/28/2023 04/28/23 Off Market $998,000 -- --
04/28/2023 04/28/23 For Sale $875,000 -12.3% $421 / Sq Ft
04/27/2023 04/27/23 Off Market $998,000 -- --
04/27/2023 04/27/23 For Sale $875,000 -12.3% $421 / Sq Ft
03/28/2023 03/28/23 Off Market $998,000 -- --
03/28/2023 03/28/23 For Sale $875,000 -12.3% $421 / Sq Ft
02/28/2023 02/28/23 Off Market $998,000 -- --
02/18/2023 02/18/23 For Sale $875,000 -- $421 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,328 $1,038,319 $676,260 $362,059
2024 $13,328 $1,017,960 $663,000 $354,960
2023 $2,498 $154,858 $91,103 $63,755
2022 $2,363 $151,822 $89,317 $62,505
2021 $2,304 $148,846 $87,566 $61,280
2020 $2,298 $147,321 $86,669 $60,652
2019 $2,273 $144,433 $84,970 $59,463
2018 $2,086 $141,602 $83,304 $58,298
2016 $1,912 $136,105 $80,070 $56,035
2015 $1,843 $134,062 $78,868 $55,194
2014 $1,843 $131,437 $77,324 $54,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23027869

California Regional Multiple Listing Service (CRMLS)

APN: 7266-021-007