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1400 Rose Long Beach, CA 90813

$1,190,000 Sold Price as of 04/01/2021

9 Beds
4 Baths
3,468 Sq.Ft.

Sold

$1,190,000 Sold Price as of 04/01/2021 Refinance Your Mortgage

Map preview of 1400 Rose, Long Beach, CA 90813

Property Overview: 1400 Rose Long Beach, CA has 9 bedrooms, 4 bathrooms, 3,468 living square feet and 4,382 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1400 Rose Avenue is a 4-unit multifamily investment property in the City of Long Beach. 1400 Rose Avenue represents an opportunity to acquire a multifamily asset in one of the most desirable submarkets in Los Angeles County. While being centrally located in the heart of the city, the property benefits from being 2-miles (approximately) from the 710 Freeway and 2-miles (approximately) from the 405 Freeway. Within the city, residents enjoy easy access to public transit including the light rail Metro A Line which connects the City of Long Beach with Downtown Los Angeles. Built in 1930, the property consists of an excellent unit mix of one one-bedroom, one two-bedrooms and two three-bedrooms. The property also offers its residents convenient on-site amenities such as garage parking and secured entry. 1400 Rose avenue is located on the northside of Rose Avenue at the corner of 14th Street and Rose Avenue in the highly desirable neighborhood of MacArthur Park. The property is just minutes from Cal. State Long Beach, 4th Street (Retro Row), Museum of Latin American Art, Shoreline Village, The Pike Outlets, the newly build Long Beach Exchange, as well as, numerous local shopping and dining options.

Listed by Christopher Arvizu | BRE #02069791 | Centurion Capital Investments

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft: 4,382
HOA Dues: $0/mo
Year built: 1930
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW21002817
City: Long Beach
County: Los Angeles
Time on Site: 1207 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,350

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,470
Total Rent: $1,470
Pro Forma/Market Rent: $1,650

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,850
Total Rent: $1,850
Pro Forma/Market Rent: $2,100

Unit Breakdown 4

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,100

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 4.49%
Gross Rent Multiplier: 15.9
Gross Scheduled Income: $77,040
Net Operating Income: $55,026
Gross Operating Income: --
Vacancy Allowance: $3,852
# of Rented Garages: 3
Garage Rental Rate: $150
Garage Rental Income: $450

Annual Expense Breakdown

Total Operating Expense: $23,668
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 1400 Rose

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 8
Has Parking
Parking Features: Assigned

Lot Information

Lot Features: 2-5 Units/Acre
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 4
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Unknown
Water Source: Public

Location / Neighborhood

Location Information

Directions: Rose Ave & 14th Street

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 1400 Rose

Last sold for $1,190,000 on April 1st, 2021

April, 2021
Apr 4, 2021

Date

Sold

CRMLS: PW21002817

$1,190,000

Price
Feb 19, 2021

Date

Pending

CRMLS: PW21002817

$1,225,000

Price
Jan 6, 2021

Date

Active

CRMLS: PW21002817

$1,225,000

Price

Tax History for 1400 Rose

Recent tax history for this property

Year	Land Value	Improved Value	Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1400 Rose sold on April 1, 2021 for 53.12% 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 $353.23 per/sqft which puts the price per square foot 44.11% lower than the current median sale per square foot for the city of Long Beach.

About 1400 Rose

Detailed summary of property

1400 Rose is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 3,468 living square feet, and sits on an approximately 4,382 square foot lot. 1400 Rose was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,190,000. 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 53.12% higher than the current median priced home. Local homes that are currently for sale include 2223 Locust Ave, 2175 Earl Ave and 1044 Cedar Ave. While the average home in Long Beach, CA is selling in 51 days, 1400 Rose has a days on market of 43 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 1400 Rose Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1400 Rose

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: --
Stories: --

Type: --
Pool: --
Spa: --
County: --
Lot#: --
APN: --

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$570,000

Median List Price/Sq.Ft.

$542

Median Sold Price

$584,000

Median Sold Price/Sq.Ft.

$592

Total Inventory

Median Sale to List Price %

108.35%

Avg Days on Market

Loan Type

Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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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.