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1805 E Wardlow Rd, Long Beach, CA 90807
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1805 E Wardlow Rd Long Beach, CA 90807

$7,250,000 Sold Price as of 10/04/2019
  • 31 Beds
  • 31 Baths
  • 18,557 Sq.Ft.
Sold
$7,250,000 Sold Price as of 10/04/2019 Refinance Your Mortgage
Map preview of 1805 E Wardlow Rd, Long Beach, CA 90807

Property Overview: 1805 E Wardlow Rd Long Beach, CA has 31 bedrooms, 31 bathrooms, 18,557 living square feet and 20,037 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1805 East Wardlow Road is a renovated, 26-unit multifamily investment property 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 18,557 square foot property consists of one- and two-bedroom floor plans. Originally built in 1965, 1805 East Wardlow Road offers amenities including a communal courtyard, on-site leasing office, custom barbecues, 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: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft
20,037
HOA Dues
$0/mo
Year built
1965
Garage
29 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19120012
City
Long Beach
County
Los Angeles
Time on Site
1386 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 26
  • Total # of Buildings: 1
  • # of Leased Units: 26
  • # of Electric Meters: 26
  • # of Gas Meters: 26
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 21
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 21
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $53,145
  • Total Rent: $53,145
  • Pro Forma/Market Rent: $55,645
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,095
  • Total Rent: $10,475
  • Pro Forma/Market Rent: $10,975
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $605,333
  • Net Operating Income: $392,625
  • Gross Operating Income: $588,712
Annual Expense Breakdown
  • Total Operating Expense: $196,087
  • Electric: $3,443
  • Gas/Fuel: $3,443
  • New Taxes: $113,113
  • Trash: $3,443
  • Insurance: $9,100
  • Maintenance: $13,000
  • Professional Management: $23,548
  • Water/Sewer: $3,443
  • Other Expenses: $23,550
  • Other Expense Description: Other

Property Details for 1805 E Wardlow Rd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 29
  • # of Parking Spaces: 29
Lot Information
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 26
  • Parcel Number: 7147024026
  • 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 1805 E Wardlow Rd

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

  • October, 2019

  • Oct 7, 2019

    Date

    Sold

    CRMLS: OC19120012

    $7,250,000

    Price

  • Sep 13, 2019

    Date

    Pending

    CRMLS: OC19120012

    $8,575,000

    Price

  • Aug 7, 2019

    Date

    Active Under Contract

    CRMLS: OC19120012

    $8,575,000

    Price

  • May 22, 2019

    Date

    Active

    CRMLS: OC19120012

    $8,575,000

    Price

  • October, 2019

  • Oct 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $14,500,000

    Price

  • August, 2017

  • Aug 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $9,200,000

    Price

Show More

Tax History for 1805 E Wardlow Rd

Assessed Value (2020): $8,302,750
Year Land Value Improved Value Assessed Value
2020 $3,000,000 $5,302,750 $8,302,750

Home Value Compared to the Market

This property vs the competition

1805 E Wardlow Rd sold on October 4, 2019 for 971.88% 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 $462.09 per/sqft which puts the price per square foot 26.88% lower than the current median sale per square foot for the city of Long Beach.

About 1805 E Wardlow Rd

Detailed summary of property

1805 E Wardlow Rd is a multi family that recently sold in Long Beach, CA 90807. This multi family property offered 31 bedrooms, 31 bathrooms, roughly 18,557 living square feet, and sits on an approximately 20,037 square foot lot. 1805 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 971.88% higher than the current median priced home. Local homes that are currently for sale include 1747 N Kingsley Dr, 208 W Hoover Ave and 3355 Manning Ave. While the average home in Long Beach, CA is selling in 53 days, 1805 E Wardlow Rd has a days on market of 77 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1805 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 1805 E Wardlow Rd

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
18,557
Lot Size
19,902
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
89-91
APN
7147-024-026

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.
$594
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
61
Median Sale to List Price %
100%
Avg Days on Market
21
Loan Type
Conventional (50%), FHA (0%), VA (12.5%), Cash (25%), Other (8.33%)

Thinking of Selling?

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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.

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