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210 E 56th St Long Beach, CA 90805

$1,450,000 Sold Price as of 05/14/2019

10 Beds
8 Baths
4,350 Sq.Ft.

Sold

$1,450,000 Sold Price as of 05/14/2019 Refinance Your Mortgage

Map preview of 210 E 56th St, Long Beach, CA 90805

Property Overview: 210 E 56th St Long Beach, CA has 10 bedrooms, 8 bathrooms, 4,350 living square feet and 8,119 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in over 40 years, 210 East 56th Street, a walk up two story apartment building situated in a North Long Beach area consisting of mostly single family homes. The property has been carefully maintained over the years with many upgrades including new windows. The owner states that six of the units have been renovated. The enclosed yard provides a park-like tranquil atmosphere for the tenants to enjoy. There are a total of nine off-street parking spaces for the tenants convenience. 210 East 56th Street is a turn key investment with long-term stable tenants, some of which have been there over 20 years. Rents are approximately 30% behind market which provides the astute investor the opportunity to continue to upgrade and increase the income to market levels. North Long Beach continues to be an attractive area for investors due to the increase in cash flow potential as compared to other areas. Interior inspection with accepted offer.

Listed by Thomas Winn | BRE #00697278 | Long Beach Invest. Prop.
Co-listed by Gary Putman | BRE #00647161 | Long Beach Invest. Prop.

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft: 8,119
HOA Dues: $0/mo
Year built: 1956
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: PW19064144
City: Long Beach
County: Los Angeles
Time on Site: 1387 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Electric Meters: 8
# of Gas Meters: 8
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,500

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $775
Total Rent: $775
Pro Forma/Market Rent: $1,500

Unit Breakdown 3

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $625
Total Rent: $1,250
Pro Forma/Market Rent: $2,000

Unit Breakdown 4

# of Units: 2
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $900
Total Rent: $1,800
Pro Forma/Market Rent: $2,000

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $875
Total Rent: $875
Pro Forma/Market Rent: $1,000

Unit Breakdown 6

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $850
Total Rent: $850
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $78,600
Net Operating Income: $71,414
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $7,186
Electric: $480
Gas/Fuel: $0
Licenses: $634
New Taxes: $0
Trash: $0
Gardener: $600
Insurance: $1,392
Professional Management: $0
Water/Sewer: $3,000

Property Details for 210 E 56th St

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 9

Lot Information

Lot Features: Corner Lot, Lawn, Irregular Lot, Paved
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 8
Parcel Number: 7126019009
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: North Long Beach (NLB)
Directions: Off of Dairy between Market and South.

Neighborhood Information

Community Features: Curbs, Sidewalks, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 210 E 56th St

Last sold for $1,450,000 on May 14th, 2019

May, 2019
May 14, 2019

Date

Sold

CRMLS: PW19064144

$1,450,000

Price
Apr 23, 2019

Date

Pending

CRMLS: PW19064144

$1,475,000

Price
Apr 4, 2019

Date

Active Under Contract

CRMLS: PW19064144

$1,475,000

Price
Mar 22, 2019

Date

Active

CRMLS: PW19064144

$1,475,000

Price
May, 2019
May 14, 2019

Date

Sold (Public Records)

Public Records

$1,450,000

Price

Tax History for 210 E 56th St

Assessed Value (2020): $1,479,300

Year	Land Value	Improved Value	Assessed Value
2020	$510,000	$969,300	$1,479,300

Home Value Compared to the Market

This property vs the competition

210 E 56th St sold on May 14, 2019 for 84.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $339.08 per/sqft which puts the price per square foot 46.35% lower than the current median sale per square foot for the city of Long Beach.

About 210 E 56th St

Detailed summary of property

210 E 56th St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 4,350 living square feet, and sits on an approximately 8,119 square foot lot. 210 E 56th St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,450,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 84.38% higher than the current median priced home. Local homes that are currently for sale include 1526 Cedar Ave, 1825 Cherry Ave and 1409 Magnolia Ave. While the average home in Long Beach, CA is selling in 53 days, 210 E 56th St has a days on market of 4 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 210 E 56th 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 210 E 56th St

Public county record property details

Beds: 10
Baths: 8
Year built: 1956
Sq. Ft.: 4,350
Lot Size: 8,118
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 11,12
APN: 7126-019-009

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

$679,000

Median List Price/Sq.Ft.

$548

Median Sold Price

$720,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

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.