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477 E Market St, Long Beach, CA 90805
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477 E Market St Long Beach, CA 90805

$2,230,000 Sold Price as of 02/23/2024
  • 13 Beds
  • 9 Baths
  • 9,929 Sq.Ft.
Sold
$2,230,000 Sold Price as of 02/23/2024 Refinance Your Mortgage
Map preview of 477 E Market St, Long Beach, CA 90805

Property Overview: 477 E Market St Long Beach, CA has 13 bedrooms, 9 bathrooms, 9,929 living square feet and 25,524 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 475-495 E. Market Street is an 8-unit apartment property with a church situated on an oversized lot of 25,524 square feet in Long Beach, California. This rare property consists of (4) 1 BD/1 BA units, (3) 2 BD/1 BA units, and (1) 3 BD/2 BA. The 4,000-square foot existing church can be used as-is, or could potentially be used to add additional units*. Ample parking is available on the site, with 21 surface spaces and two (2)garages, which could also be converted to a 1 BD/1 BA ADU. Laundry facilities are located onsite for additional income. The property is well-located with convenient access to the 710 605, and 405 freeways.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 12 minutes ago | Last updated: February 26th, 2024 | Source CRMLS | DOM: 264

Home details

Lot Sq. Ft
25,524
HOA Dues
$0/mo
Year built
1936
Garage
4 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23028066
City
Long Beach
County
Los Angeles
Time on Site
579 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,440
  • Total Rent: $2,440
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,884
  • Total Rent: $5,652
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $5,300
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $195,872
  • Net Operating Income: $100,343
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $89,652
  • Electric: $6,000
  • Gas/Fuel: $6,000
  • Licenses: $700
  • New Taxes: $31,713
  • Trash: $6,000
  • Gardener: $1,000
  • Insurance: $8,440
  • Maintenance: $5,850
  • Professional Management: $15,025
  • Water/Sewer: $6,000
  • Other Expenses: $2,025
  • Other Expense Description: Reserves

Property Details for 477 E Market St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 25
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7127022030
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Market St & Atlantic Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 477 E Market St

Last sold for $2,230,000 on February 23rd, 2024

  • February, 2024

  • Feb 23, 2024

    Date

    Sold

    CRMLS: PW23028066

    $2,230,000

    Price

  • Feb 17, 2023

    Date

    Active

    CRMLS: PW23028066

    $2,500,000

    Price

  • February, 2021

  • Feb 10, 2021

    Date

    Sold (Public Records)

    Public Records

    $100,000

    Price

  • January, 2009

  • Jan 27, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 477 E Market St

Assessed Value (2020): $399,179
Year Land Value Improved Value Assessed Value
2020 $277,112 $122,067 $399,179

Home Value Compared to the Market

This property vs the competition

477 E Market St sold on February 23, 2024 for 205.25% 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 $251.79 per/sqft which puts the price per square foot 59.91% lower than the current median sale per square foot for the city of Long Beach.

About 477 E Market St

Detailed summary of property

477 E Market St is a apartment that recently sold in Long Beach, CA 90805. This apartment offered 13 bedrooms, 9 bathrooms, roughly 9,929 living square feet, and sits on an approximately 25,524 square foot lot. 477 E Market St was first listed on ArdentRealEstateGroup.com on February 18, 2023. The homeowner sold the property for $2,230,000. 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 205.25% higher than the current median priced home. Local homes that are currently for sale include 1381 Temple Ave, 4016 E Wilton and 733 Daisy Ave. While the average home in Long Beach, CA is selling in 62 days, 477 E Market St has a days on market of 264 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 477 E Market 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 477 E Market St

Public county record property details
Beds
--
Baths
--
Year built
1936
Sq. Ft.
1,301
Lot Size
6,142
Stories
1
Type
Religious, Church, Worship (Synagogue, Temple, Parsonage)
Pool
No
Spa
No
County
Los Angeles
Lot#
1272
APN
7127-022-030

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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Thinking of Selling?
Call, Text or Message
(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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