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830 Roswell Ave, Long Beach, CA 90804
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830 Roswell Ave Long Beach, CA 90804

$2,395,000
  • 11 Beds
  • 6 Baths
  • 4,714 Sq.Ft.
For Sale
$2,395,000 Get Pre-Qualified
Map preview of 830 Roswell Ave, Long Beach, CA 90804

Property Overview: 830 Roswell Ave Long Beach, CA has 11 bedrooms, 6 bathrooms, 4,714 living square feet and 5,851 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present a 6-unit multifamily property. Built in 1964, the subject property consists of 4,714 rentable square feet spread throughout a 5,851 square foot lot. The building consists of two 1-Bedroom / 1-Bathroom units, three 2-Bedroom / 1-Bathroom units, and one 3-Bedroom / 1 Bathroom unit. It contains 10 parking spaces providing ample on-site parking. Tenants enjoy living in the Greenbelt Heights Neighborhood East of Downtown Long Beach, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 1 minute ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 13
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Home details

Lot Sq. Ft
5,851
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24079844
City
Long Beach
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,473
  • Total Rent: $3,473
  • Pro Forma/Market Rent: $3,790
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,328
  • Total Rent: $6,328
  • Pro Forma/Market Rent: $7,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,572
  • Total Rent: $2,572
  • Pro Forma/Market Rent: $2,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $148,476
  • Net Operating Income: $93,470
  • Gross Operating Income: --
  • Laundry Income: $1,500
Annual Expense Breakdown
  • Total Operating Expense: $52,007
  • Electric: $999
  • Gas/Fuel: $999
  • New Taxes: $29,938
  • Trash: $999
  • Gardener: $600
  • Insurance: $4,700
  • Maintenance: $5,500
  • Professional Management: $7,274
  • Water/Sewer: $999

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Property Details for 830 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
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7241005028
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 8th & Roswell Ave.
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Long Beach Agent

Sale History for 830 Roswell Ave

Last sold for $2,100,000 on March 21st, 2022

  • April, 2024

  • Apr 22, 2024

    Date

    Active

    CRMLS: PW24079844

    $2,395,000

    Price

  • February, 2022

  • Feb 16, 2022

    Date

    Active Under Contract

    CRMLS: OC21229684

    $1,875,000

    Price

  • Listing provided courtesy of CRMLS

    Great value add opportunity to own a cash flowing 6 unit investment asset located on a palm tree lined residential street in beautiful Eastside Long Beach. Being less than 2 miles from both CSULB and the beach, it is a prime location of Eastside Long Beach. With under market rents, an investor has the opportunity to add value and increase revenue. Additionally, laundry and carport revenue can be captured. Possibility to raise rates to market, or higher with interior renovation.

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Tax History for 830 Roswell Ave

Assessed Value (2020): $372,134
Year Land Value Improved Value Assessed Value
2020 $61,478 $310,656 $372,134

Home Value Compared to the Market

This property vs the competition

830 Roswell Ave is listed 199.75% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $508.06 per/sqft which puts the price per square foot 21.23% lower than the median price per square foot for the city of Long Beach.

About 830 Roswell Ave

Detailed summary of property

830 Roswell Ave is a apartment located in Long Beach, CA 90804 and is currently for sale. This apartment offers 11 bedrooms, 6 bathrooms, roughly 4,714 living square feet, and sits on an approximately 5,851 square foot lot. 830 Roswell Ave was first listed on ArdentRealEstateGroup.com on April 22, 2024. The homeowner is currently asking $2,395,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 199.75% higher than the median priced home. Local competing homes currently for sale include 3701 E Broadway, 207 Park Ave and 116 Bennett Ave. While the average home in Long Beach, CA is selling in 53 days, 830 Roswell Ave has a days on market of 13 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 830 Roswell Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 830 Roswell Ave

Public county record property details
Beds
11
Baths
7
Year built
1964
Sq. Ft.
4,714
Lot Size
5,850
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7241-005-028

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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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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