500 Rose Ave Long Beach, CA 90802

$1,560,000 Sold Price as of 10/12/2018

7 Beds
5 Baths
3,907 Sq.Ft.

Off Market

$1,560,000 Sold Price as of 10/12/2018 Refinance Your Mortgage

Map preview of 500 Rose Ave, Long Beach, CA 90802

Property Overview: 500 Rose Ave Long Beach, CA has 7 bedrooms, 5 bathrooms, 3,907 living square feet and 6,299 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

500 Rose Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $800,000. The median price per/sqft for Long Beach is $633. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $160,000 for the down payment and will need roughly $16,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $38,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 500 Rose Ave

Last sold for $1,560,000 on October 12th, 2018

August, 2021
Aug 25, 2021

Date

Active

CRMLS: PW21188048

$1,795,000

Price
Listing provided courtesy of CRMLS

500 Rose Avenue is a 5 Unit property in the Retro Row area of Long Beach adjacent to Rose Park. The two buildings consist of a 4 unit with four 1 Bedroom/ 1 Bathroom Units and a separate 3 Bedroom/ 2 Bathroom House on the corner of 5th and Rose. The 3 Bedroom/ 2 Bathroom house has been recently renovated and the 1 Bedroom/ 1 Bathroom units are in nice condition. 2 parking spaces on driveway in between the units. Separate meters for electrical and gas and all have separate hot water heaters. Landlord only pays water. Storage shed on the property. There is yard space in between the corner house and the units behind that can be converted into more parking. Long term excellent tenants. Tenants pay their own utilities. Low maintenance property. Units have been updated with partial copper plumbing and ABS drain lines and new electric panels. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 500 Rose Avenue provides an investor with a turnkey condition property in a highly popular Long Beach rental market.

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August, 2021
Aug 25, 2021

Date

Canceled

CRMLS: PW20256756

$1,795,000

Price
Dec 13, 2020

Date

Active

CRMLS: PW20256756

$1,795,000

Price
Listing provided courtesy of CRMLS

500 Rose Avenue is a 5 Unit property in the Retro Row area of Long Beach adjacent to Rose Park. The two buildings consist of a 4 unit with four 1 Bedroom/ 1 Bathroom Units and a separate 3 Bedroom/ 2 Bathroom House on the corner of 5th and Rose. The 3 Bedroom/ 2 Bathroom house has been recently renovated and the 1 Bedroom/ 1 Bathroom units are in nice condition. 2 parking spaces on driveway in between the units. Separate meters for electrical and gas and all have separate hot water heaters. Landlord only pays water. Storage shed on the property. There is yard space in between the corner house and the units behind that can be converted into more parking. Long term excellent tenants. Tenants pay their own utilities. Low maintenance property. Units have been updated with partial copper plumbing and ABS drain lines and new electric panels. The Fourth Street / Retro Row location is desirable for young urban professionals seeking close proximity to employment opportunities in Downtown Long Beach, along with a plethora of shopping and dining amenities. 500 Rose Avenue provides an investor with a turnkey condition property in a highly popular Long Beach rental market at a 3.82% cap rate on current rents.

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April, 2020
Apr 28, 2020

Date

Expired

CRMLS: PW20064712

$1,495,000

Price
Apr 10, 2020

Date

Price Change

CRMLS: PW20064712

$1,495,000

Price
Apr 1, 2020

Date

Price Change

CRMLS: PW20064712

$1,595,000

Price
Mar 28, 2020

Date

Price Change

CRMLS: PW20064712

$1,675,000

Price
Mar 27, 2020

Date

Active

CRMLS: PW20064712

$1,695,000

Price
Listing provided courtesy of CRMLS

Unique opportunity to own this 5 unit property in Alamitos Beach just 5 blocks to the beach and Bluff Park and a block away from all the shops and restaurants in retro row. Property consists of a Classic 3 bedroom Craftsman house on a corner lot with a beautifully landscaped yard which separates the house from the 4 unit apartment building. Beautifully kept property with large units. One bedrooms are over 700 square ft each. All have original wood floors, a couple units have had carpet removed and original wood floors refinished and original craftsman interior with mahogany built-ins. Electrical panels and plumbing have been updated and both buildings have been earthquake retrofitted. Separately metered for gas and electric.

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April, 2019
Apr 18, 2019

Date

Canceled

CRMLS: PW19051561

$1,495,000

Price
Mar 28, 2019

Date

Price Change

CRMLS: PW19051561

$1,495,000

Price
Mar 8, 2019

Date

Active

CRMLS: PW19051561

$1,575,000

Price
Listing provided courtesy of CRMLS

Unique opportunity to own this beautiful 5 unit property in Alamitos Beach just 5 blocks to the beach and Bluff Park and a block away from all the shops and restaurants in Retro Row. Walking distance to the new beach concession stands the city of Long Beach is building on Ocean and Junipero. This property is perfect for an owner occupied to live in a detached single family house and have income producing units. Property consists of a Classic 3 bedroom Craftsman house, 500 Rose Ave, on a corner lot with a beautifully landscaped yard which separates the house from the 4 unit apartment building (510-516 Rose Ave) which also has original craftsman interior with gorgeous mahogany built-ins. Beautifully kept property with large units. One bedrooms are over 700 square ft each. All have original hardwood floors some under carpet, a couple units have had carpet removed and original wood floors refinished. Electrical panels and plumbing have been updated and both buildings have been earthquake retrofitted. Separately metered for gas and electric. Currently all units occupied by tenants, please do not disturb.

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October, 2018
Oct 13, 2018

Date

Sold

CRMLS: PW18053366

$1,560,000

Price
Aug 10, 2018

Date

Pending

CRMLS: PW18053366

$1,700,000

Price
Mar 9, 2018

Date

Active

CRMLS: PW18053366

$1,700,000

Price
Listing provided courtesy of CRMLS

Subject property consists of a 4 1 bedroom units with unit addresses 510, 512, 514, 516 all located on Rose. The 3 Bedroom 1 & 1/4 Bath house on the corner of E. 5th and Rose is 500 E. Rose. There is a 2 bedroom 1 bath house on 5th st. next door to the corner house that has an address of 1811 E. 5th St. Behind this house and over the garages is a 1 Bedroom unit with the address of 1809 E. 5th St. 7 rentals in total. The houses and units are in nice condition. Plenty of parking spaces on driveway and between the houses and units as well as a large parking area behind the units. Separate meters for electrical and gas and all have separate hot water heaters. Storage shed on the property. There is a grass lawn area between the corner house and the units behind.

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October, 2018
Oct 12, 2018

Date

Sold (Public Records)

Public Records

$1,560,000

Price
October, 2018
Oct 12, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 500 Rose Ave

Assessed Value (2020): $913,300

Year	Land Value	Improved Value	Assessed Value
2020	$510,000	$403,300	$913,300

About 500 Rose Ave

Detailed summary of property

500 Rose Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90802 and last sold on October 12, 2018 for $1,560,000. This property has 7 bedrooms, 5 bathrooms, roughly 3,907 living square feet, and sits on an approximately 6,299 square foot lot. Homes in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 105.26% higher than the current median priced home. 500 Rose Ave was last sold on October 12, 2018 for $1,560,000. Local nearby listings include 550 Orange Ave #316, 1641 E 10th St and 1244 E 3rd St #203. The average home in Long Beach, CA is selling in 56 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. If you are the homeowner and looking to sell the home at 500 Rose Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 500 Rose Ave

Public county record property details

Beds: 7
Baths: 5
Year built: 1922
Sq. Ft.: 3,907
Lot Size: 6,299
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7266-025-011

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$525,000

Median List Price/Sq.Ft.

$625

Median Sold Price

$505,000

Median Sold Price/Sq.Ft.

$634

Total Inventory

121

Median Sale to List Price %

96.19%

Avg Days on Market

Loan Type

Conventional (50%), FHA (3.57%), VA (3.57%), Cash (28.57%), Other (10.71%)

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(714) 706-1823

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