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

$655,000 Sold Price as of 05/31/2019
  • 4 Beds
  • 2 Baths
  • 1,381 Sq.Ft.
Sold
$655,000 Sold Price as of 05/31/2019 Refinance Your Mortgage
Map preview of 490 E 55th St, Long Beach, CA 90805

Property Overview: 490 E 55th St Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,381 living square feet and 4,998 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EFFECTIVELY 2 HOUSES ON ONE LOT. NO RENT CONTROL IN Long Beach. Single Family Home with Brand NEW Accessory Dwelling Unit - Legally Permitted by the City of Long Beach - and Separately Metered for Utilities. --- > PERFECT for Two Families wanting to Live/Qualify Together, or an Investor Looking for Bread and Butter Units in High Demand Area. FRONT HOUSE: Remodeled 2 Bedroom 1 Bathroom House with Newer Tile Flooring, Paint, Windows, Blinds, Copper Plumbing, Electrical Wiring and Fixtures, Wall Heater, Wall A/C Unit. Kitchen is Gorgeous with Black Counters and Dark Wood Finishes. Appliances Stay for the New Buyer. Front Porch is Covered for Lazy Summer Nights. 640sqft. BRAND NEW 2018-19 BUILT BACK HOUSE ABOVE GARAGE: 2 Bedroom 1 Bathroom OPEN CONCEPT with Large Living area. House above 2 Car Oversized 781sqft Garage with Inside Laundry and *** ROOM to Install a Studio Unit with Private Entrance and Still Park 2 cars.*** Everything New Construction on the Back ADU. Brand new Family Kitchen into Living Area, Newer Laminate Flooring, Paint, Windows, Blinds, Copper Plumbing, Electrical Wiring and Fixtures, Central HVAC system. 741sqft. LONG Driveway for 6-8 Cars with an Automatic Gate Access from Street. Small Yard Area for Both Houses. Located next to Parks, Schools, Shopping, Freeways, Public Transportation and More.

Listed by Don Sutton | BRE #01335611 | On The Block Real Estate Inter
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
4,998
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
RS19066273
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $4,400
  • Pro Forma/Market Rent: $4,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $52,800
  • Net Operating Income: $47,520
  • Gross Operating Income: $52,800
Annual Expense Breakdown
  • Total Operating Expense: $6,340
  • Electric: $0
  • New Taxes: $2,500
  • Trash: $1,440
  • Insurance: $2,400
  • Water/Sewer: $0

Property Details for 490 E 55th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup, In Garage, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Built-In Range, Dishwasher, Disposal, High Efficiency Water Heater, Refrigerator, Water Line to Refrigerator
Interior Features
  • Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Storage, Wired for Data
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Insulated Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Rain Gutters
  • Has Fence
  • Average Condition
  • Other Structures: Two On A Lot
  • 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: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre, Level with Street, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7127023015
  • Year Built Source: Assessor
  • Architectural Style: Bungalow, Custom Built
  • Foundation Details: Combination
  • Property is not Attached
  • Offered With Property: Existing Appliances on the Property.
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: AtlantictoMarketWest, RightatLinden, Leftat55th
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 490 E 55th St

Last sold for $655,000 on May 31st, 2019

  • May, 2019

  • May 31, 2019

    Date

    Sold

    CRMLS: RS19066273

    $655,000

    Price

  • Apr 30, 2019

    Date

    Active Under Contract

    CRMLS: RS19066273

    $670,000

    Price

  • Apr 23, 2019

    Date

    Price Change

    CRMLS: RS19066273

    $670,000

    Price

  • Mar 25, 2019

    Date

    Active

    CRMLS: RS19066273

    $695,000

    Price

  • May, 2019

  • May 31, 2019

    Date

    Sold

    CRMLS: RS19055717

    $655,000

    Price

  • Apr 30, 2019

    Date

    Active Under Contract

    CRMLS: RS19055717

    $670,000

    Price

  • Apr 23, 2019

    Date

    Price Change

    CRMLS: RS19055717

    $670,000

    Price

  • Mar 14, 2019

    Date

    Price Change

    CRMLS: RS19055717

    $695,000

    Price

  • Mar 12, 2019

    Date

    Active

    CRMLS: RS19055717

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    EFFECTIVELY 2 HOUSES ON ONE LOT. Single Family Home with Brand NEW Accessory Dwelling Unit - Legally Permitted by the City of Long Beach - and Separately Metered for Utilities. --- > PERFECT for Two Families wanting to Live/Qualify Together, or an Investor Looking for Bread and Butter Units in High Demand Area. FRONT HOUSE: Remodeled 2 Bedroom 1 Bathroom House with Newer Tile Flooring, Paint, Windows, Blinds, Copper Plumbing, Electrical Wiring and Fixtures, Wall Heater, Wall A/C Unit. Kitchen is Gorgeous with Black Counters and Dark Wood Finishes. Appliances Stay for the New Buyer. Front Porch is Covered for Lazy Summer Nights. 640sqft. BRAND NEW 2018-19 BUILT BACK HOUSE ABOVE GARAGE: 2 Bedroom 1 Bathroom House above 2 Car Oversized 781sqft Garage with Inside Laundry and ROOM to Install a Studio Unit with Private Entrance and Still Park 2 cars. Everything New Construction on the Back ADU. Brand new Family Kitchen into Living Area, Newer Laminate Flooring, Paint, Windows, Blinds, Copper Plumbing, Electrical Wiring and Fixtures, Central HVAC system. 741sqft. LONG Driveway for 6-8 Cars with an Automatic Gate Access from Street. Small Yard Area for Both Houses. Located next to Parks, Schools, Shopping, Freeways, Public Transportation and More.

  • May, 2019

  • May 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $655,000

    Price

  • August, 2012

  • Aug 15, 2012

    Date

    Sold (Public Records)

    Public Records

    $177,500

    Price

Show More

Tax History for 490 E 55th St

Assessed Value (2020): $668,100
Year Land Value Improved Value Assessed Value
2020 $357,000 $311,100 $668,100

Home Value Compared to the Market

This property vs the competition

490 E 55th St sold on May 31, 2019 for 18.19% lower 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 $485.16 per/sqft which puts the price per square foot 22.75% lower than the current median sale per square foot for the city of Long Beach.

About 490 E 55th St

Detailed summary of property

490 E 55th St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,381 living square feet, and sits on an approximately 4,998 square foot lot. 490 E 55th St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $655,000. 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 18.19% lower than the current median priced home. Local homes that are currently for sale include 340 W 119th St, 829 E Century Blvd and 1643 E 87th Pl. While the average home in Long Beach, CA is selling in 62 days, 490 E 55th St has a days on market of 36 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 490 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 490 E 55th St

Public county record property details
Beds
4
Baths
2
Year built
--
Sq. Ft.
1,423
Lot Size
4,998
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
991,992
APN
7127-023-015

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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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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