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1801 E Wardlow Rd Long Beach, CA 90807

$7,250,000 Sold Price as of 10/04/2019

29 Beds
20 Baths
14,332 Sq.Ft.

Sold

$7,250,000 Sold Price as of 10/04/2019 Refinance Your Mortgage

Map preview of 1801 E Wardlow Rd, Long Beach, CA 90807

Property Overview: 1801 E Wardlow Rd Long Beach, CA has 29 bedrooms, 20 bathrooms, 14,332 living square feet and 13,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1801 East Wardlow Road is a renovated, 19-unit multifamily investment opportunity located in Long Beach, one of the premier housing markets in Southern California. Specifically, the property is in the historic neighborhood of California Heights and directly adjacent to the vibrant Bixby Knolls district. Fully renovated in 2017-2018, the property offers investors an exceptionally well-appointed building within one of the strongest submarkets in the city. The 14,332 square foot property consists of one-, two-, and three-bedroom floor plans. Originally built in 1960, 1801 East Wardlow Road offers amenities including a communal courtyard, on-site leasing office, custom barbecues, swimming pool, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, and more.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft: 13,503
HOA Dues: $0/mo
Year built: 1960
Garage: 12 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC19119980
City: Long Beach
County: Los Angeles
Time on Site: 1398 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 19
Total # of Buildings: 1
# of Leased Units: 19
# of Electric Meters: 19
# of Gas Meters: 19
# of Water Meters: 1

Unit Breakdown 1

# of Units: 10
# of Beds: 1
# of Baths: 1
Garage Spaces: 4
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $17,450
Total Rent: $17,450
Pro Forma/Market Rent: $17,950

Unit Breakdown 2

# of Units: 8
# of Beds: 2
# of Baths: 1
Garage Spaces: 6
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $16,160
Total Rent: $16,160
Pro Forma/Market Rent: $16,760

Unit Breakdown 3

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,695
Total Rent: $2,695
Pro Forma/Market Rent: $2,695

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $460,410
Net Operating Income: $299,143
Gross Operating Income: $447,340

Annual Expense Breakdown

Total Operating Expense: $148,198
Electric: $2,375
Gas/Fuel: $2,375
New Taxes: $84,154
Trash: $2,375
Insurance: $6,650
Maintenance: $9,500
Professional Management: $17,894
Water/Sewer: $2,375
Other Expenses: $20,500
Other Expense Description: Other

Property Details for 1801 E Wardlow Rd

Interior Features

Laundry Information

Has Laundry
Community

Exterior Features

No Pool
Pool Features: Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 12
# of Parking Spaces: 12

Lot Information

Lot Features: Corner Lot, Landscaped
Lot Size Source: Assessor

Property Information

Common Walls: No Common Walls
Total # of Units: 19
Parcel Number: 7147024024
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: California Heights (CH)
Directions: Cross Streets: Wardlow Rd / Cherry Ave

Neighborhood Information

Community Features: Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 1801 E Wardlow Rd

Last sold for $14,500,000 on October 7th, 2019

October, 2019
Oct 7, 2019

Date

Sold

CRMLS: OC19119980

$7,250,000

Price
Sep 13, 2019

Date

Pending

CRMLS: OC19119980

$6,425,000

Price
Aug 7, 2019

Date

Active Under Contract

CRMLS: OC19119980

$6,425,000

Price
May 22, 2019

Date

Active

CRMLS: OC19119980

$6,425,000

Price
October, 2019
Oct 7, 2019

Date

Sold (Public Records)

Public Records

$14,500,000

Price
May, 2019
May 21, 2019

Date

Canceled

CRMLS: OC19075018

$15,000,000

Price
Apr 4, 2019

Date

Active

CRMLS: OC19075018

$15,000,000

Price
Listing provided courtesy of CRMLS

Wardlow Apartments is a renovated, 45-unit multifamily investment portfolio across two contiguous, separately parceled properties in Long Beach, one of the premier housing markets in Southern California. Specifically, the properties are in the historic neighborhood of California Heights and directly adjacent to the vibrant Bixby Knolls district. Fully renovated in 2017-2018, the portfolio offers investors two exceptionally well-appointed buildings within one of the strongest submarkets in the city. The 32,585 square foot portfolio consists of one-, two-, and three-bedroom floor plans. Originally built in 1960 & 1965, the Wardlow Apartments offers amenities including a communal courtyard, on-site leasing office, custom barbecues, swimming pool, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, and more.

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August, 2017
Aug 15, 2017

Date

Sold (Public Records)

Public Records

$9,200,000

Price

Tax History for 1801 E Wardlow Rd

Assessed Value (2020): $6,202,050

Year	Land Value	Improved Value	Assessed Value
2020	$2,200,000	$4,002,050	$6,202,050

Home Value Compared to the Market

This property vs the competition

1801 E Wardlow Rd sold on October 4, 2019 for 703.12% 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 $448.3 per/sqft which puts the price per square foot 29.07% lower than the current median sale per square foot for the city of Long Beach.

About 1801 E Wardlow Rd

Detailed summary of property

1801 E Wardlow Rd is a multi family that recently sold in Long Beach, CA 90807. This multi family property offered 29 bedrooms, 20 bathrooms, roughly 14,332 living square feet, and sits on an approximately 13,503 square foot lot. 1801 E Wardlow Rd was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $7,250,000. 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 703.12% higher than the current median priced home. Local homes that are currently for sale include 3704 Glendon Ave, 1747 N Kingsley Dr and 208 W Hoover Ave. While the average home in Long Beach, CA is selling in 51 days, 1801 E Wardlow Rd has a days on market of 77 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1801 E Wardlow Rd Long Beach, CA 90807 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1801 E Wardlow Rd

Public county record property details

Beds: 29
Baths: 20
Year built: 1960
Sq. Ft.: 14,332
Lot Size: 13,534
Stories: --

Type: Apartment House (5+ Units)
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 92,93
APN: 7147-024-024

The source for these homes facts are from public records.

90807 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,159,000

Median List Price/Sq.Ft.

$584

Median Sold Price

$800,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (12.5%), Cash (25%), Other (8.33%)

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(714) 706-1823

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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.