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105 Roswell Ave Long Beach, CA 90803

$2,470,000 Sold Price as of 10/18/2019

9 Beds
11 Baths
5,361 Sq.Ft.

Sold

$2,470,000 Sold Price as of 10/18/2019 Refinance Your Mortgage

Map preview of 105 Roswell Ave, Long Beach, CA 90803

Property Overview: 105 Roswell Ave Long Beach, CA has 9 bedrooms, 11 bathrooms, 5,361 living square feet and 3,112 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 105 Roswell is a prime 8 Unit property located in the Belmont Shore area of Long Beach. constructed in 1943, this 3story building has great curb appeal with a unit mix of 2 Studios, 3 One-Bedroom & 3 Two-Bedroom, 1.5 Bath units. All Tenants are Month to Month & pay their own utilities. Some units have laundry hook-ups, fireplaces, balconies & ocean views. This property is just 1 short block walk to Ocean Blvd., the sandy shoreline, Rose's Dog Beach, Belmont Plaza Pool & Belmont Pier. Von's and the iconic mainstay Chuck's Coffee Shop & Diner are just a few blocks away.

Listed by J. Steven Warshauer | BRE #00499477 | Coldwell Banker Commercial
Co-listed by George Bustamante | BRE #01484265 | Coldwell Banker Commercial

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 90

Home details

Lot Sq. Ft: 3,112
HOA Dues: $0/mo
Year built: 1943
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW19150393
City: Long Beach
County: Los Angeles
Time on Site: 1389 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 9
# of Gas Meters: 9
# of Water Meters: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $901
Total Rent: $1,802
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 3
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $3,450
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 3
# of Beds: 2
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,866
Total Rent: $5,598
Pro Forma/Market Rent: $2,300

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.29%
Gross Rent Multiplier: --
Gross Scheduled Income: $130,200
Net Operating Income: $88,901
Gross Operating Income: --
Vacancy Allowance: $0
Gross Spendable Income: $20

Annual Expense Breakdown

Total Operating Expense: $38,693
Electric: $600
Gas/Fuel: $0
New Taxes: $25,000
Trash: $600
Insurance: $4,079
Maintenance: $6,500
Professional Management: $1,314
Water/Sewer: $600

Property Details for 105 Roswell Ave

Interior Features

Laundry Information

Has Laundry
Common Area, See Remarks, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 2

Lot Information

Lot Features: Level with Street
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 8
Parcel Number: 7256026004
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Sewer Paid
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Water Connected

Location / Neighborhood

Location Information

Subdivision Name: Belmont Shore (BSD)
Directions: Corner of 1st & Roswell

Neighborhood Information

Community Features: Curbs, Dog Park

View more facts & features

Local Long Beach Agent

Sale History for 105 Roswell Ave

Last sold for $3,000,000 on March 10th, 2020

March, 2020
Mar 10, 2020

Date

Sold (Public Records)

Public Records

$3,000,000

Price
October, 2019
Oct 18, 2019

Date

Sold

CRMLS: PW19150393

$2,470,000

Price
Oct 8, 2019

Date

Pending

CRMLS: PW19150393

$2,700,000

Price
Sep 23, 2019

Date

Active Under Contract

CRMLS: PW19150393

$2,700,000

Price
Sep 23, 2019

Date

Price Change

CRMLS: PW19150393

$2,700,000

Price
Sep 19, 2019

Date

Price Change

CRMLS: PW19150393

$2,500,000

Price
Jun 25, 2019

Date

Active

CRMLS: PW19150393

$2,700,000

Price
October, 2019
Oct 18, 2019

Date

Sold (Public Records)

Public Records

$2,470,000

Price

Tax History for 105 Roswell Ave

Assessed Value (2020): $2,471,200

Year	Land Value	Improved Value	Assessed Value
2020	$1,800,000	$671,200	$2,471,200

Home Value Compared to the Market

This property vs the competition

105 Roswell Ave sold on October 18, 2019 for 237.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $503.64 per/sqft which puts the price per square foot 20.31% lower than the current median sale per square foot for the city of Long Beach.

About 105 Roswell Ave

Detailed summary of property

105 Roswell Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 9 bedrooms, 11 bathrooms, roughly 5,361 living square feet, and sits on an approximately 3,112 square foot lot. 105 Roswell Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,470,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 237.5% higher than the current median priced home. Local homes that are currently for sale include 263 Corona Avenue, 3316 E 3rd St and 830 Roswell Ave. While the average home in Long Beach, CA is selling in 51 days, 105 Roswell Ave has a days on market of 90 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 105 Roswell Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 105 Roswell Ave

Public county record property details

Beds: --
Baths: 8
Year built: 1943
Sq. Ft.: 5,361
Lot Size: 3,111
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 6
APN: 7256-026-004

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,499,000

Median List Price/Sq.Ft.

$840

Median Sold Price

$1,600,000

Median Sold Price/Sq.Ft.

$672

Total Inventory

111

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.