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1635 E 53Rd St, Long Beach, CA 90805
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1635 E 53Rd St Long Beach, CA 90805

$900,000 Sold Price as of 02/25/2022
  • 3 Beds
  • 3 Baths
  • 1,752 Sq.Ft.
Sold
$900,000 Sold Price as of 02/25/2022 Refinance Your Mortgage
Map preview of 1635 E 53Rd St, Long Beach, CA 90805

Property Overview: 1635 E 53Rd St Long Beach, CA has 3 bedrooms, 3 bathrooms, 1,752 living square feet and 6,610 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A Great Investment Opportunity. This Well Maintain Triplex has Three Tudor style Buildings on a Lot Located in a Quiet Neighborhood . Low operating expances with upside in rents and long term tenants. No vacancy rate! Low utility bill on average of $68/ month. Front Home Features 1 Bedroom, 1 Bath and has been Beautifully Upgraded , Washer & Dryer hook ups, Includes 2 Driveway Parking spaces, Front Yard and Beautiful front porch. All Three Units are 1 Bedroom, 1 Bathroom with washer and dryer hook ups , upgrated in 2017, Separately Metered for Electrical and Gas, coper plumbing and new wirering. Backyard and Side-yard for the Rear Units . Middle unit has 1 car garage. Rear unit has 1 car garage plus 1 parking space, currently used as outdoor entertaining space. Minutes to Downtown Long Beach, Local Beaches, Close to all Major Freeways the 405, 91, and 710 , Location near Schools, Parks, Bixby Knolls, Restaurants, Medical Facilities, Shopping, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. The triplex was built in 1941 and consists of 1,752 SF of living space situated on a 6,610 SF lot . Potencial of increasing income with an ADU! One of the strongest rental markets in California - this is an excellent opportunity for a potential investor to obtain 30-year fixed residential financing while rates are at a historic low and increase a unit portfolio.

Listed by Elena Zhurbenko | BRE #01996696 | Berkshire Hathaway H.S.C.P.
Last checked: 8 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
6,610
HOA Dues
$0/mo
Year built
1941
Garage
2 Car
Property Type:
Triplex
Status
Sold
MLS#
PW21269826
City
Long Beach
County
Los Angeles
Time on Site
995 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Leased Units: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $21,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $20,160
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $21,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 16
  • Gross Scheduled Income: $62,000
  • Net Operating Income: $42,058
  • Gross Operating Income: $54,600
Annual Expense Breakdown
  • Total Operating Expense: $12,542
  • Electric: $0
  • New Taxes: $7,274
  • Trash: $0
  • Insurance: $1,968
  • Maintenance: $2,400
  • Water/Sewer: $900

Property Details for 1635 E 53Rd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Copper Plumbing Full, Granite Counters, Storage
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7129005021
  • Year Built Source: Assessor
  • Architectural Style: Ranch
  • Entry Level: 1
  • Foundation Details: Raised, Slab
  • Property is not Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Cherry Manor (CM)
  • Directions: west of Cherry Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1635 E 53Rd St

Last sold for $900,000 on February 25th, 2022

  • February, 2022

  • Feb 25, 2022

    Date

    Sold

    CRMLS: PW21269826

    $900,000

    Price

  • Dec 29, 2021

    Date

    Active

    CRMLS: PW21269826

    $890,000

    Price

  • December, 2021

  • Dec 23, 2021

    Date

    Canceled

    CRMLS: PW21229808

    $890,000

    Price

  • Oct 17, 2021

    Date

    Active

    CRMLS: PW21229808

    $890,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2021

  • Mar 29, 2021

    Date

    Canceled

    CRMLS: PW20244736

    $849,900

    Price

  • Nov 29, 2020

    Date

    Price Change

    CRMLS: PW20244736

    $849,900

    Price

  • Nov 22, 2020

    Date

    Active

    CRMLS: PW20244736

    $890,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

  • May, 2017

  • May 5, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1635 E 53Rd St

Assessed Value (2020): $557,493
Year Land Value Improved Value Assessed Value
2020 $318,362 $239,131 $557,493

Home Value Compared to the Market

This property vs the competition

1635 E 53Rd St sold on February 25, 2022 for 8.67% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $507.99 per/sqft which puts the price per square foot 19.11% lower than the current median sale per square foot for the city of Long Beach.

About 1635 E 53Rd St

Detailed summary of property

1635 E 53Rd St is a triplex that recently sold in Long Beach, CA 90805. This triplex offered 3 bedrooms, 3 bathrooms, roughly 1,752 living square feet, and sits on an approximately 6,610 square foot lot. 1635 E 53Rd St was first listed on ArdentRealEstateGroup.com on December 29, 2021. The homeowner sold the property for $900,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 8.67% higher than the current median priced home. Local homes that are currently for sale include 401 E 21st St, 1824-1826 W Canton St and 2000 Pacific Ave. While the average home in Long Beach, CA is selling in 62 days, 1635 E 53Rd St has a days on market of 15 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1635 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 1635 E 53Rd St

Public county record property details
Beds
3
Baths
3
Year built
1941
Sq. Ft.
1,752
Lot Size
6,610
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
138,139
APN
7129-005-021

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%)

Thinking of Selling?

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(714) 706-1823

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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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