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744 Rose Ave, Long Beach, CA 90813
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744 Rose Ave Long Beach, CA 90813

$2,350,000 Sold Price as of 12/12/2023
  • 17 Beds
  • 17 Baths
  • 7,617 Sq.Ft.
Sold
$2,350,000 Sold Price as of 12/12/2023 Refinance Your Mortgage
Map preview of 744 Rose Ave, Long Beach, CA 90813

Property Overview: 744 Rose Ave Long Beach, CA has 17 bedrooms, 17 bathrooms, 7,617 living square feet and 6,252 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 744 Rose Ave is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.23 x gross and 5.01% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 12 total spaces in a secured gated parking garage. All units are separately metered for gas/electric and water is billed back to tenants through a RUBS program for added income retention. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.

Listed by Byron Field | BRE #01934775 | Keller Williams Larchmont
Last checked: 13 minutes ago | Last updated: December 25th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
6,252
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23326599
City
Long Beach
County
Los Angeles
Time on Site
325 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $935
  • Total Rent: $935
  • Pro Forma/Market Rent: $935
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,716
  • Total Rent: $13,728
  • Pro Forma/Market Rent: $13,728
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.01%
  • Gross Rent Multiplier: 13.23
  • Gross Scheduled Income: --
  • Net Operating Income: $122,630
  • Gross Operating Income: $179,594
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 744 Rose Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 15
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 9
  • Parcel Number: 7267030028
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: East of Gaviota/West of Cherry
View more facts & features

Local Long Beach Agent

Sale History for 744 Rose Ave

Last sold for $2,350,000 on December 12th, 2023

  • December, 2023

  • Dec 12, 2023

    Date

    Sold

    CRMLS: 23326599

    $2,350,000

    Price

  • Oct 30, 2023

    Date

    Active

    CRMLS: 23326599

    $2,450,000

    Price

  • June, 2015

  • Jun 26, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2015

  • May 29, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

Show More

Tax History for 744 Rose Ave

Assessed Value (2020): $1,815,633
Year Land Value Improved Value Assessed Value
2020 $1,269,272 $546,361 $1,815,633

Home Value Compared to the Market

This property vs the competition

744 Rose Ave sold on December 12, 2023 for 199.15% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $321.65 per/sqft which puts the price per square foot 48.78% lower than the current median sale per square foot for the city of Long Beach.

About 744 Rose Ave

Detailed summary of property

744 Rose Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 17 bedrooms, 17 bathrooms, roughly 7,617 living square feet, and sits on an approximately 6,252 square foot lot. 744 Rose Ave was first listed on ArdentRealEstateGroup.com on October 30, 2023. The homeowner sold the property for $2,350,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 199.15% higher than the current median priced home. Local homes that are currently for sale include 1102 Termino Ave, 1700 Pacific Ave and 4016 E Wilton. While the average home in Long Beach, CA is selling in 62 days, 744 Rose Ave has a days on market of 9 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 744 Rose Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 744 Rose Ave

Public county record property details
Beds
17
Baths
17
Year built
1987
Sq. Ft.
7,617
Lot Size
6,251
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7267-030-028

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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