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908 Roswell Ave Long Beach, CA 90804

$2,375,000 Sold Price as of 10/27/2023

14 Beds
10 Baths
5,799 Sq.Ft.

Sold

$2,375,000 Sold Price as of 10/27/2023 Refinance Your Mortgage

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Map preview of 908 Roswell Ave, Long Beach, CA 90804

Property Overview: 908 Roswell Ave Long Beach, CA has 14 bedrooms, 10 bathrooms, 5,799 living square feet and 5,850 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: SELLER FINANCING AVAILABLE! First Time Ever For Sale! The property boasts an outstanding unit mix of: 1 - 3 Bedroom / 1.75 Bath, 2 - 3 Bedroom / 1.5 Bath & 3 - 2 Bedroom / 1.75 Bath Units, while also allowing for a competitive 5.12% Actual CAP rate, with generous upside still available. This complex also offers (8) garages (1 with direct access), as well as a convenient large on-site laundry room. Additionally, an investor will benefit from a newer roof and exterior paint, both of which were done within the last 5 years. Due to the excellent Eastside location, tenants to have close proximity to the many restaurants/shops in the traffic circle, Long Beach State University, and Recreation Park!

Listed by Pat Swanson | BRE #01382974 | Pat Swanson

Last checked: 13 minutes ago | Last updated: October 30th, 2023 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft: 5,850
HOA Dues: $0/mo
Year built: 1965
Garage: 8 Car
Property Type:: Mixed Use

Status: Sold
MLS#: OC23139674
City: Long Beach
County: Los Angeles
Time on Site: 286 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: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $3,295
Total Rent: $3,195
Pro Forma/Market Rent: $3,195

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $3,095

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,650
Total Rent: $2,595
Pro Forma/Market Rent: $2,595

Unit Breakdown 4

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,595

Unit Breakdown 5

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,875
Total Rent: $1,875
Pro Forma/Market Rent: $2,595

Unit Breakdown 6

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,450
Total Rent: $2,450
Pro Forma/Market Rent: $3,095

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $174,840
Net Operating Income: $125,457
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $45,338
Electric: $1,194
Gas/Fuel: $0
Trash: $0
Insurance: $3,684
Professional Management: $0
Water/Sewer: $0

Property Details for 908 Roswell Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 8
# of Parking Spaces: 8

Lot Information

Lot Features: Landscaped
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 6
Parcel Number: 7241005011
Year Built Source: Public Records
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Eastside (ES)
Directions: 908 Roswell

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 908 Roswell Ave

Last sold for $2,375,000 on October 27th, 2023

October, 2023
Oct 27, 2023

Date

Sold

CRMLS: OC23139674

$2,375,000

Price
Jul 28, 2023

Date

Active

CRMLS: OC23139674

$2,450,000

Price
April, 2015
Apr 16, 2015

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 908 Roswell Ave

Assessed Value (2020): $1,087,945

Year	Land Value	Improved Value	Assessed Value
2020	$758,265	$329,680	$1,087,945

Home Value Compared to the Market

This property vs the competition

908 Roswell Ave sold on October 27, 2023 for 206.25% 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 $422.49 per/sqft which puts the price per square foot 33.15% lower than the current median sale per square foot for the city of Long Beach.

About 908 Roswell Ave

Detailed summary of property

908 Roswell Ave is a mixed use that recently sold in Long Beach, CA 90804. This mixed use property offered 14 bedrooms, 10 bathrooms, roughly 5,799 living square feet, and sits on an approximately 5,850 square foot lot. 908 Roswell Ave was first listed on ArdentRealEstateGroup.com on July 28, 2023. The homeowner sold the property for $2,375,000. 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 206.25% higher than the current median priced home. Local homes that are currently for sale include 914 N Loma Vista Dr, 2265 Pomona Ave and 4652 Gratian St. While the average home in Long Beach, CA is selling in 51 days, 908 Roswell Ave has a days on market of 55 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 908 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 908 Roswell Ave

Public county record property details

Beds: 13
Baths: 12
Year built: 1965
Sq. Ft.: 5,799
Lot Size: 5,850
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 7241-005-011

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

Median Sale to List Price %

104.77%

Avg Days on Market

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.