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445 E 55th St, Long Beach, CA 90805
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445 E 55th St Long Beach, CA 90805

$1,728,000 Sold Price as of 09/08/2021
  • -- Beds
  • -- Baths
  • 5,170 Sq.Ft.
Sold
$1,728,000 Sold Price as of 09/08/2021 Refinance Your Mortgage
Map preview of 445 E 55th St, Long Beach, CA 90805

Property Overview: 445 E 55th St Long Beach, CA has -- bedrooms, -- bathrooms, 5,170 living square feet and 7,171 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent remodeled 6-unit building with great rents and ample parking in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, so 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value and easy access to freeways, the beach, parks, and restaurants.

Listed by Derek Lester | BRE #01921397 | Compass
Co-listed by Joe Reichling | BRE #01427385 | Compass
Last checked: 9 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft
7,171
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Other
Status
Sold
MLS#
21709276
City
Long Beach
County
Los Angeles
Time on Site
339 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.02%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $103,950
  • Gross Operating Income: --
  • Laundry Income: $1,200
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 445 E 55th St

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Property Information
  • Total # of Units: 6
  • Parcel Number: 7127024029
Location / Neighborhood
Location Information
  • Directions: Going west on E Market St from Atlantic Ave make a right on Linden Ave, then a left on E 55th St
View more facts & features

Local Long Beach Agent

Sale History for 445 E 55th St

Last sold for $1,728,000 on September 8th, 2021

  • September, 2021

  • Sep 13, 2021

    Date

    Sold

    CRMLS: 21709562

    $1,728,000

    Price

  • Aug 17, 2021

    Date

    Pending

    CRMLS: 21709562

    $1,735,000

    Price

  • May 29, 2021

    Date

    Active Under Contract

    CRMLS: 21709562

    $1,735,000

    Price

  • May 15, 2021

    Date

    Price Change

    CRMLS: 21709562

    $1,735,000

    Price

  • Apr 19, 2021

    Date

    Active Under Contract

    CRMLS: 21709562

    $1,725,000

    Price

  • Mar 23, 2021

    Date

    Active

    CRMLS: 21709562

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants.

  • September, 2021

  • Sep 8, 2021

    Date

    Sold

    CRMLS: 21709276

    $1,728,000

    Price

  • Mar 23, 2021

    Date

    Active

    CRMLS: 21709276

    $1,725,000

    Price

  • September, 2020

  • Sep 29, 2020

    Date

    Expired

    CRMLS: 20567314

    $1,725,000

    Price

  • Apr 28, 2020

    Date

    Withdrawn

    CRMLS: 20567314

    $1,725,000

    Price

  • Mar 28, 2020

    Date

    Active

    CRMLS: 20567314

    $1,725,000

    Price

  • Listing provided courtesy of CRMLS

    Large two-story multi-family apartment building with a great mix of units complete with parking garages. Building has undergone substantial improvements including all copper plumbing, reconditioned roof, and redone sewer line. 4 of the 6 units are recently remodeled while 2 are partial updates. Unique floor plans and layouts for each unit with laundry on site, all single story floor plans except for the front townhouse style unit which features a fireplace and front yard. Wall heaters and window cooling units in each apartment, with coin operated laundry room in the rear of the building on the first floor. 7 total garage parking spaces (5 one-car, 1 two-car) and an additional 6 spaces uncovered in front of the garages. Interior photos are of units 3 and 4. Low maintenance building still with significant upside.

  • March, 2019

  • Mar 12, 2019

    Date

    Sold

    CRMLS: PW18288598

    $1,365,000

    Price

  • Jan 17, 2019

    Date

    Active Under Contract

    CRMLS: PW18288598

    $1,365,000

    Price

  • Dec 10, 2018

    Date

    Active

    CRMLS: PW18288598

    $1,365,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 445 E. 55th Street in Long Beach, a six unit apartment investment opportunity. Long Beach is a thriving community located between Los Angeles and Orange County, and is in the midst of a major revitalization. The building is comprised of an attractive unit mix of (2) one bedroom/one bathroom units, (2) two bedroom/one and a half bathroom units, (1) two bedroom/two bathroom unit, and (1) three bedroom/two bathroom unit. Tenants enjoy garage and open parking, on-site laundry, and a fireplace (2br/2ba unit). All units were rehabbed in 2015, and three of the units were upgraded further within the last year or so. The property is conveniently located within walking distance to schools, churches, and retail. *Desirable Mix of 1, 2 & 3-Bedroom Units, *5.4% CAP on Current Rents, *(1) Garage and (1) Open Space Per Unit, *# Units Renovated Withing Last Year, *Walking Distance to Schools, Churches and Retail

  • March, 2019

  • Mar 12, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,365,000

    Price

  • April, 2017

  • Apr 10, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,175,000

    Price

Show More

Tax History for 445 E 55th St

Assessed Value (2020): $1,392,300
Year Land Value Improved Value Assessed Value
2020 $408,000 $984,300 $1,392,300

Home Value Compared to the Market

This property vs the competition

445 E 55th St sold on September 8, 2021 for 115.62% 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 $333.66 per/sqft which puts the price per square foot 47.21% lower than the current median sale per square foot for the city of Long Beach.

About 445 E 55th St

Detailed summary of property

445 E 55th St is a other that recently sold in Long Beach, CA 90805. This property offered -- bedrooms, -- bathrooms, roughly 5,170 living square feet, and sits on an approximately 7,171 square foot lot. 445 E 55th St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,728,000. 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 115.62% higher than the current median priced home. Local homes that are currently for sale include 4600 S Central Ave, 317 W 56th St and 1442 W Slauson Ave. While the average home in Long Beach, CA is selling in 51 days, 445 E 55th St has a days on market of 27 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 445 E 55th 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 445 E 55th St

Public county record property details
Beds
11
Baths
10
Year built
1968
Sq. Ft.
5,170
Lot Size
7,137
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
888,889
APN
7127-024-029

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.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
61
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%)

Thinking of Selling?

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Recently Sold Homes Near 445 E 55th St

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-- Baths
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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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