NOT LISTED FOR SALE

830 Roswell Ave Long Beach, CA 90804

Recreation Park Neighborhood
8 Beds
4 Baths
4,714 Sq Ft
5,851 Sq Ft Lot

Last Sold March 21, 2022

Last sale price $2,100,000 $445 Per Sq Ft

119 Days on Market

Highlights

  • Laundry Room
  • Fremont Elementary School Rated A
  • Paved or Partially Paved Lot

About This Home

As of March 2022

Great value add opportunity to own a cash flowing 6 unit investment asset located on a palm tree lined residential street in beautiful Eastside Long Beach.

Being less than 2 miles from both CSULB and the beach, it is a prime location of Eastside Long Beach.

With under market rents, an investor has the opportunity to add value and increase revenue. Additionally, laundry and carport revenue can be captured. Possibility to raise rates to market, or higher with interior renovation.

Last Agent to Sell the Property

Joshua Leite

CURB License #01925110 Listed on: 10/19/2021

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,851 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • 4,714 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 11 / 2
  • Tax Tract Number 5500
  • Assessor Parcel Number 7241005028
  • $1,090 per year additional tax assessments

Community Details

Building Details

  • 5 Leased Units
  • Electric Expense $3,198
  • Gardener Expense $630
  • Insurance Expense $5,227
  • Other Expense $6,371
  • Professional Management Expense $6,284
  • Operating Expense $23,893
  • Gross Income $73,727
  • Net Operating Income $73,727

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Professional Management Expense: 6283.50
  • Property Attached: Yes
  • Subdivision Name Other: UNKOWN
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 630.00
  • Parcel Number: 7241005028
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 445.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 5851.00
  • Lot Size Acres: 0.1343

Multi Family

  • Electric Expense: 3198.00
  • Gross Income: 73727.00
  • Gross Scheduled Income: 97620.00
  • Insurance Expense: 5227.00
  • Lot Size Area: 5851.0000 Square Feet
  • Net Operating Income: 73727.00
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Operating Expense: 23893.00
  • Other Expense: 6371.00
  • Rent Control: No
  • Total Actual Rent: 8135.00
  • Total Expenses: 23893.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5770.00
  • Tax Lot: 11
  • Tax Tract: 5500
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 1090.00

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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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2022 03/21/22 Sold $2,100,000 +12.0% $445 / Sq Ft
10/19/2021 10/19/21 For Sale $1,875,000 -- $398 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joshua Leite

    CURB

    (760) 722-3222

    1 in this area

    1 Total Sale

    Joshua Leite
    Section Image
  • Austin Carr

    Buyer's Agent in 2022

    Austin Carr

    Realty One Group United

    (562) 537-7496

    1 in this area

    20 Total Sales

    Austin Carr
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21229684

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Recreation Park

830 Roswell Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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