229 Roswell Avenue, Long Beach, CA 90803

About this property

Incredible opportunity to own a 4-unit residential property in the prestigious Belmont Heights neighborhood. There are 4 separate electric meters on the subject property - one for each unit. There are only 2 gas meters on the property. The House Meter (Meter No. 0275092236), provides gas to Units A, C, and D, the central water heater, and the common laundry. Landlord pays for the house meter, along with water, sewer, and trash service for the property. Second gas meter (Meter No. 0275092235) services only Unit B, and the tenant in Unit B is responsible for paying for their own gas service. Unit A, B, and C have gas powered Stoves. Unit D has an electric stove. Unit B is now vacant and will be delivered vacant at close of escrow. Photos of the units on MLS are from 2021 & 2022 before they were rented. Minutes away from Woodrow Wilson High School, Blair Field, Recreation Area, California State University, Long Beach City Beach, Colorado Lagoon, schools, shopping centers, restaurants, and transportation links. The property is under rent control subject to California Assembly Bill 1482. Property is being sold AS IS and WHERE IS with current the 3 tenant(s) in place. Buyer to conduct their own investigations.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$2,050,000

Sold October 2023 · listed $1,995,000, on market July 2023 · MLS #23293815 · Source: CRMLS

Listing Agent: Vineendra Jain · Listing Office: Ingenious Asset Group, Inc. · Contact: 310-331-8552 · Bought with: Okechukwu Chinke · Citywide Mortgage & Realty

$1,150,000

Sold March 2013 · listed $1,200,000, on market February 2013 · MLS #RS13025821 · Source: CRMLS

Listing Agent: Adam Huss · Listing Office: Keller Williams Realty · Contact: 562-626-8600 · Bought with: Guillermo Rodriguez · Prudential CA Realty / Bixby

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