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1201 E 56th St Long Beach, CA 90805
$1,245,000
Sold Price as of 08/17/2020
- 6 Beds
- 6 Baths
- 3,791 Sq.Ft.
Sold
Property Overview: 1201 E 56th St Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,791 living square feet and 8,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.
Listed by Peter Gillin | BRE #01433769 | Morgan Skenderian
Last checked: 7 minutes ago |
Last updated: March 22nd, 2022 |
Source CRMLS |
DOM: 100
Home details
- Lot Sq. Ft
- 8,506
- HOA Dues
- $0/mo
- Year built
- 1953
- Garage
- 4 Car
- Property Type:
- Multi Family
- Status
- Sold
- MLS#
- PW20035722
- City
- Long Beach
- County
- Los Angeles
- Time on Site
- 1532 days
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Multi-Family Unit Breakdown
Unit Mix Summary
- Total # of Units: 6
- Total # of Buildings: 2
- # of Electric Meters: 6
- # of Gas Meters: 6
- # of Water Meters: 1
Unit Breakdown 1
- # of Units: 6
- # of Beds: 1
- # of Baths: 1
- Garage Spaces: 4
- Garaged Attached? No
- Furnishing: Unfurnished
- Actual Rent: $1,300
- Total Rent: $7,810
- Pro Forma/Market Rent: $9,000
Multi-Family Income/Expense Information
Property Income and Analysis
- Cap Rate: 4.9%
- Gross Rent Multiplier: 13.12
- Gross Scheduled Income: $94,920
- Net Operating Income: $60,592
- Gross Operating Income: $92,072
- Vacancy Allowance: $2,848
- Gross Spendable Income: $25,732
- Laundry Income: $1,200
Annual Expense Breakdown
- Total Operating Expense: $31,480
- Electric: $946
- Gas/Fuel: $0
- New Taxes: $15,064
- Trash: $946
- Gardener: $1,200
- Insurance: $1,137
- Maintenance: $6,644
- Professional Management: $2,400
- Water/Sewer: $946
- Other Expenses: $1,097
- Other Expense Description: Assess.
Property Details for 1201 E 56th St
Local Long Beach Agent
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Sale History for 1201 E 56th St
Last sold for $1,245,000 on August 17th, 2020
-
August, 2020
-
Aug 18, 2020
Date
Sold
CRMLS: PW20035722
$1,245,000
Price
-
Aug 8, 2020
Date
Pending
CRMLS: PW20035722
$1,245,000
Price
-
Jun 30, 2020
Date
Active Under Contract
CRMLS: PW20035722
$1,245,000
Price
-
Mar 23, 2020
Date
Active
CRMLS: PW20035722
$1,245,000
Price
-
Mar 9, 2020
Date
Active Under Contract
CRMLS: PW20035722
$1,245,000
Price
-
Feb 18, 2020
Date
Price Change
CRMLS: PW20035722
$1,245,000
Price
-
Feb 18, 2020
Date
Active
CRMLS: PW20035722
$1,245,000
Price
-
August, 2020
-
Aug 14, 2020
Date
Sold (Public Records)
Public Records
$1,245,000
Price
-
October, 2018
-
Oct 5, 2018
Date
Sold
CRMLS: PW18190524
$950,000
Price
-
Aug 7, 2018
Date
Pending
CRMLS: PW18190524
$895,000
Price
-
Aug 6, 2018
Date
Active
CRMLS: PW18190524
$895,000
Price
-
Listing provided courtesy of CRMLS
-
October, 2018
-
Oct 4, 2018
Date
Sold (Public Records)
Public Records
$700,000
Price
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Tax History for 1201 E 56th St
Assessed Value (2020):
$1,122,000
| Year | Land Value | Improved Value | Assessed Value |
|---|---|---|---|
| 2020 | $433,500 | $688,500 | $1,122,000 |
Home Value Compared to the Market
This property vs the competition
About 1201 E 56th St
Detailed summary of property
Public Facts for 1201 E 56th St
Public county record property details
- Beds
- 5
- Baths
- 6
- Year built
- 1953
- Sq. Ft.
- 3,791
- Lot Size
- 8,506
- Stories
- --
- Type
- Apartment House (5+ Units)
- Pool
- No
- Spa
- No
- County
- Los Angeles
- Lot#
- 101,102
- APN
- 7128-011-019
The source for these homes facts are from public records.
90805 Real Estate Sale History (Last 30 days)
Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$552
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
96
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)
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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.