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1612 E 53Rd St, Long Beach, CA 90805
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1612 E 53Rd St Long Beach, CA 90805

$1,099,900
  • 5 Beds
  • 2 Baths
  • 2,092 Sq.Ft.
For Sale
$1,099,900 Get Pre-Qualified
Map preview of 1612 E 53Rd St, Long Beach, CA 90805

Property Overview: 1612 E 53Rd St Long Beach, CA has 5 bedrooms, 2 bathrooms, 2,092 living square feet and 8,500 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: This Beautiful 2 unit Duplex with private driveway for each unit and separate garages is a great income property. 5 bd 2 ba total: 3 bd 1 ba in first unit, 2bd 1 ba in the second unit. The duplex is a great fixer with loads of potential. The backyard is spacious and allows for building or expansion of multiple units for an investor with a total of 8500 sq ft lot. Solid cashflow property in a great area of Long Beach. The property is near major freeways, shops and restaurants. Ten minutes from Downtown Long Beach. This Property is priced at a great value with endless possibilities.

Listed by Zachary McCrea | BRE #01255209 | Trojan Financial Solutions
Last checked: 2 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
8,500
HOA Dues
$0/mo
Year built
1946
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
NP24074261
City
Long Beach
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $3,900
  • Net Operating Income: $38,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $560
  • Electric: $150
  • Gas/Fuel: $100
  • Trash: $60
  • Insurance: $300
  • Water/Sewer: $50

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Property Details for 1612 E 53Rd St

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Estimated
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7129008012
  • 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: Other (OTHR)
  • Other Subdivision Name: not available
  • Directions: west of 710 North of 405
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1612 E 53Rd St

Last sold on February 4th, 2016

  • April, 2024

  • Apr 14, 2024

    Date

    Active

    CRMLS: NP24074261

    $1,099,900

    Price

  • February, 2016

  • Feb 4, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2005

  • Feb 14, 2005

    Date

    Sold (Public Records)

    Public Records

    $515,000

    Price

Show More

Tax History for 1612 E 53Rd St

Assessed Value (2020): $656,384
Year Land Value Improved Value Assessed Value
2020 $401,480 $254,904 $656,384

Home Value Compared to the Market

This property vs the competition

1612 E 53Rd St is listed 37.5% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $637 and this home is listed at $525.76 per/sqft which puts the price per square foot 17.46% lower than the median price per square foot for the city of Long Beach.

About 1612 E 53Rd St

Detailed summary of property

1612 E 53Rd St is a duplex located in Long Beach, CA 90805 and is currently for sale. This duplex offers 5 bedrooms, 2 bathrooms, roughly 2,092 living square feet, and sits on an approximately 8,500 square foot lot. 1612 E 53Rd St was first listed on ArdentRealEstateGroup.com on April 15, 2024. The homeowner is currently asking $1,099,900. The median priced home in Long Beach is $799,900 with a median price per square foot of $637. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 37.5% higher than the median priced home. Local competing homes currently for sale include 2175 Earl Ave, 1890 E 20th St and 2100 Pine Ave. While the average home in Long Beach, CA is selling in 54 days, 1612 E 53Rd St has a days on market of 14 days. There are currently 593 homes for sale in the Long Beach real estate market and 338 of them are single family homes while 242 of them are condos and 13 are townhomes. For more information on this home for sale at 1612 E 53Rd St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1612 E 53Rd St

Public county record property details
Beds
5
Baths
2
Year built
1946
Sq. Ft.
2,092
Lot Size
8,577
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
183
APN
7129-008-012

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
$679,999
Median List Price/Sq.Ft.
$537
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
60
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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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