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229 Roswell Ave, Long Beach, CA 90803
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229 Roswell Ave Long Beach, CA 90803

$2,050,000 Sold Price as of 10/30/2023
  • 9 Beds
  • 4 Baths
  • 4,246 Sq.Ft.
Sold
$2,050,000 Sold Price as of 10/30/2023 Refinance Your Mortgage
Map preview of 229 Roswell Ave, Long Beach, CA 90803

Property Overview: 229 Roswell Ave Long Beach, CA has 9 bedrooms, 4 bathrooms, 4,246 living square feet and 5,569 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible opportunity to own a 4-unit residential property in the prestigious Belmont Heights neighborhood. There are 4 separate electric meters on the subject property - one for each unit. There are only 2 gas meters on the property. The House Meter (Meter No. 0275092236), provides gas to Units A, C, and D, the central water heater, and the common laundry. Landlord pays for the house meter, along with water, sewer, and trash service for the property. Second gas meter (Meter No. 0275092235) services only Unit B, and the tenant in Unit B is responsible for paying for their own gas service. Unit A, B, and C have gas powered Stoves. Unit D has an electric stove. Unit B is now vacant and will be delivered vacant at close of escrow. Photos of the units on MLS are from 2021 & 2022 before they were rented. Minutes away from Woodrow Wilson High School, Blair Field, Recreation Area, California State University, Long Beach City Beach, Colorado Lagoon, schools, shopping centers, restaurants, and transportation links. The property is under rent control subject to California Assembly Bill 1482. Property is being sold AS IS and WHERE IS with current the 3 tenant(s) in place. Buyer to conduct their own investigations.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 21 seconds ago | Last updated: October 30th, 2023 | Source CRMLS | DOM: 60

Home details

Lot Sq. Ft
5,569
HOA Dues
$0/mo
Year built
1977
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23293815
City
Long Beach
County
Los Angeles
Time on Site
310 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,198
  • Total Rent: $6,595
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,495
  • Total Rent: $3,495
  • Pro Forma/Market Rent: $3,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.88%
  • Gross Rent Multiplier: 16.41
  • Gross Scheduled Income: --
  • Net Operating Income: $77,357
  • Gross Operating Income: $121,572
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 229 Roswell Ave

Interior Features
Heating Information
  • Has Heating
  • Fireplace(s), Wall Furnace
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Vinyl, Tile, Carpet, Wood
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator, Range, Range Hood
Interior Features
  • Ceiling Fan(s), Recessed Lighting
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered
Lot Information
  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7255028027
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of E. Broadway, South of E. 3rd St., West of Ximeno Ave., and East of Belmont Ave.
View more facts & features

Local Long Beach Agent

Sale History for 229 Roswell Ave

Last sold for $2,050,000 on October 30th, 2023

  • October, 2023

  • Oct 30, 2023

    Date

    Sold

    CRMLS: 23293815

    $2,050,000

    Price

  • Jul 27, 2023

    Date

    Active

    CRMLS: 23293815

    $1,995,000

    Price

  • March, 2021

  • Mar 3, 2021

    Date

    Leased

    CRMLS: 20673002

    $3,495

    Price

  • Dec 23, 2020

    Date

    Active

    CRMLS: 20673002

    $3,495

    Price

  • Listing provided courtesy of CRMLS

    *3 Bedroom *1.5 Bath *Tile & Vinyl Flooring *Gas Stove *Wall Heater *Fireplace *Ceiling Fans in bedrooms

  • January, 2021

  • Jan 19, 2021

    Date

    Leased

    CRMLS: 20671100

    $2,495

    Price

  • Dec 17, 2020

    Date

    Active

    CRMLS: 20671100

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    *2 Bedroom *1.5 Bath *Ceiling Fan in bedrooms *Hardwood like flooring *Tile in bathroom *Gas Stove *Microwave *Wall Heater

  • March, 2013

  • Mar 18, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,150,000

    Price

  • August, 2011

  • Aug 25, 2011

    Date

    Sold (Public Records)

    Public Records

    $852,000

    Price

Show More

Tax History for 229 Roswell Ave

Assessed Value (2020): $1,296,176
Year Land Value Improved Value Assessed Value
2020 $900,785 $395,391 $1,296,176

Home Value Compared to the Market

This property vs the competition

229 Roswell Ave sold on October 30, 2023 for 123.65% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $469.85 per/sqft which puts the price per square foot 28.7% lower than the current median sale per square foot for the city of Long Beach.

About 229 Roswell Ave

Detailed summary of property

229 Roswell Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 9 bedrooms, 4 bathrooms, roughly 4,246 living square feet, and sits on an approximately 5,569 square foot lot. 229 Roswell Ave was first listed on ArdentRealEstateGroup.com on July 27, 2023. The homeowner sold the property for $2,050,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 123.65% higher than the current median priced home. Local homes that are currently for sale include 3056 E Broadway, 830 Roswell Ave and 1000 Ximeno Ave. While the average home in Long Beach, CA is selling in 50 days, 229 Roswell Ave has a days on market of 60 days. There are currently 678 homes for sale in the Long Beach real estate market and 386 of them are single family homes while 274 of them are condos and 18 are townhomes. For more information on this home for sale at 229 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 229 Roswell Ave

Public county record property details
Beds
9
Baths
8
Year built
1977
Sq. Ft.
4,246
Lot Size
5,569
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
24
APN
7255-028-027

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
$1,559,900
Median List Price/Sq.Ft.
$842
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
123
Median Sale to List Price %
100.42%
Avg Days on Market
56
Loan Type
Conventional (32.14%), FHA (0%), VA (10.71%), Cash (25%), Other (32.14%)

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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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