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52 Roswell Ave, Long Beach, CA 90803
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52 Roswell Ave Long Beach, CA 90803

$2,000,000 Sold Price as of 06/14/2019
  • 9 Beds
  • 7 Baths
  • 4,305 Sq.Ft.
Sold
$2,000,000 Sold Price as of 06/14/2019 Refinance Your Mortgage
Map preview of 52 Roswell Ave, Long Beach, CA 90803

Property Overview: 52 Roswell Ave Long Beach, CA has 9 bedrooms, 7 bathrooms, 4,305 living square feet and 4,729 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The subject property is a charming 6 unit apartment complex in the Belmont Shore neighborhood of Long Beach California on a quiet street. The 2 story walk-up building has nice curb appeal and was constructed in 1945 with a unit mix that consists of 4 (1 bedroom + 1 bath), 1 (2 bedroom + 1 bath) and a 3 bedroom 2 bath unit. The 3 bedroom unit will be delivered vacant "as-is" at close of escrow. The remaining units are all rented on a month to month basis at rents significantly below market. There is a washer and dryer onsite situated in one of the garages for tenants on a contract with WASH. There is one additional garage that the seller will vacate prior to close of escrow. Tenants pay their own gas & electric. The astute investor will realize the rarity in this investment as it provides a huge upside in rental income, in a Prime A+ location just a short stroll from the beach. Belmont Shore is the jewel of Long Beach, and 52-54 Roswell is at the heart of it. The property is just a short one block walk to Ocean Boulevard, the sandy shoreline, Rosie's Dog Beach, Belmont Plaza Pool and Belmont Pier. It is conveniently located a few blocks from Vons and the iconic mainstay Chuck's Coffee Shop & Diner. Two blocks to the north is 2nd Street (Main Street Belmont Shore) with an abundance of restaurants, retail shops, pubs and bars. Long Beach does not have rent control which will provide for almost immediate upside in rents.

Listed by Stephen Lampe | BRE #01164364 | Re/Max Commercial & Investment
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
4,729
HOA Dues
$0/mo
Year built
1945
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB19044363
City
Long Beach
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,645
  • Total Rent: $1,645
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.04%
  • Gross Rent Multiplier: 18.55
  • Gross Scheduled Income: $107,460
  • Net Operating Income: $60,782
  • Gross Operating Income: $105,679
  • Vacancy Allowance: $2,149
  • Laundry Income: $368
Annual Expense Breakdown
  • Total Operating Expense: $44,897
  • Electric: $257
  • Gas/Fuel: $12
  • New Taxes: $24,400
  • Trash: $0
  • Insurance: $2,200
  • Professional Management: $5,817
  • Water/Sewer: $2,000

Property Details for 52 Roswell Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Landscaped, Level with Street, Level, Paved
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7256037003
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Roswell between Ocean and Livingston
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 52 Roswell Ave

Last sold for $2,000,000 on June 14th, 2019

  • June, 2019

  • Jun 14, 2019

    Date

    Sold

    CRMLS: SB19044363

    $2,000,000

    Price

  • Mar 11, 2019

    Date

    Pending

    CRMLS: SB19044363

    $2,000,000

    Price

  • Feb 27, 2019

    Date

    Active

    CRMLS: SB19044363

    $2,000,000

    Price

  • June, 2019

  • Jun 14, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • August, 2009

  • Aug 17, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 52 Roswell Ave

Assessed Value (2020): $2,040,400
Year Land Value Improved Value Assessed Value
2020 $1,020,000 $1,020,400 $2,040,400

Home Value Compared to the Market

This property vs the competition

52 Roswell Ave sold on June 14, 2019 for 150% 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 $464.58 per/sqft which puts the price per square foot 26.49% lower than the current median sale per square foot for the city of Long Beach.

About 52 Roswell Ave

Detailed summary of property

52 Roswell Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,305 living square feet, and sits on an approximately 4,729 square foot lot. 52 Roswell Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,000,000. 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 150% higher than the current median priced home. Local homes that are currently for sale include 720 Coronado Ave, 1000 Ximeno Ave and 791 Coronado Ave. While the average home in Long Beach, CA is selling in 51 days, 52 Roswell Ave has a days on market of 11 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 52 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 52 Roswell Ave

Public county record property details
Beds
9
Baths
7
Year built
1945
Sq. Ft.
4,305
Lot Size
4,728
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
7256-037-003

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
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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