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rose-park-condos.jpgThe Congratulations to the Homeowners of the Historic Rose Towers! Their collective efforts and community spirit pays off as they will now share in a Preservation Award from the Los Angeles Concervancy. Way to go!The Spanish Colonial Revival enclave located at 1728 E. 3rd. St. in the Alamitos Beach area of Long Beach, was designed by architect George D. Riddle. Built in 1928 as affordable apartments, the Mediterranean village-like complex was designed around a lushly landscaped courtyard and was full of Moorish decorative elements seen in the tile work, wrought iron balconies, graceful archways, hand-hewn and decoratively painted wood beams and carved wooden doors. El Cordova, as it was called at the time, was and continues to be inhabited by an economic and culturally diverse population of owners. In 1955, the units became “own-your-own” apartments and were then converted to condominiums in 1992.

It became apparent during a re-stuccoing project that the building was in need of more structural repairs due to extensive wood rot, unsound columns and water damage. Through the dedication, careful consideration and hours of sweat equity on the part of the homeowners, the building’s exterior has been meticulously restored to it’s original glory and years of deferred maintenance have been repaired.

The Rose Park project took years of research and footwork to acquire bids from contractors. The homeowners acted as their own general contractor with the volunteer help of a friend who had experience in construction management. At a total cost of $150,000, the actual work was completed in 4 months.

Rose Park was the first multi-unit building in Long Beach to receive and benefit from the 1972 Mills Act tax credit for historic preservation. The Mills Act is a Historical Property Contract program that provides property tax breaks to owners of historic buildings who agree to restore and maintain the structures for at least 10 years.  The amount of the tax reduction depends on the date of purchase, the property valuation and the current property tax assessment. 

The Rose Park residents qualified for the the Mills Act tax benefit by first having their building designated a historic-cultural monument or be a qualifying structure within one of the city’s 21 historic preservation overlay zones. They also received a $20,000 grant from the Long Beach Navy Memorial Heritage Association. 

The Los Angeles Conservancy described the communal efforts of Rose Park owners as “a prime example of grass-roots preservation at its best.” They will be presented with the Conservancy’s Preservation Award at the Millennium Biltmore Hotel on May 10th along with other winners of the award. Cheers to your efforts and accomplishments! Rose Towers is a show place and a wonderful example of what community can do.

Read more about Landmark Properties ownership and how the Mills Act Tax relief could benefit you…………..

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