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501 E 51St St, Long Beach, CA 90805
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501 E 51St St Long Beach, CA 90805

$2,650,000 Sold Price as of 04/19/2022
  • 14 Beds
  • 10 Baths
  • 6,912 Sq.Ft.
Sold
$2,650,000 Sold Price as of 04/19/2022 Refinance Your Mortgage
Map preview of 501 E 51St St, Long Beach, CA 90805

Property Overview: 501 E 51St St Long Beach, CA has 14 bedrooms, 10 bathrooms, 6,912 living square feet and 11,095 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 70% of building (very high %) is Section 8 or Program tenants for guaranteed income! Building is professionally managed (month-to-month), on large corner lot, undergone recent improvements/upgrades including enhanced foundation and is separately metered for gas and electric. Additional upside for rents. Separate laundry room provides extra income. Located in very strong rental market and approx. 1 mile from the very popular “Bixby Knolls” which is an active community and exceptionally family-friendly neighborhood. Bixby Knolls has embraced neighborhood events from “First Fridays” to Kidical Mass bike rides & stroller groups. Businesses stay open late as folks stroll between restaurants, shops, and street-side booths while being entertained by live bands and entertainers. Bixby is also home to the Helen Borgers Theater, the Long Beach Shakespeare Company and the Historical Society of Long Beach. Bixby is undergoing a true “renaissance” with many great partnerships with the City of Long Beach, City Council, neighborhood associations and other community groups. .

Listed by Teresa Owen | BRE #01447263 | Realty Masters & Associates
Last checked: 2 minutes ago | Last updated: April 19th, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
11,095
HOA Dues
$0/mo
Year built
1963
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21269484
City
Long Beach
County
Los Angeles
Time on Site
982 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,044
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $185,748
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $50
  • Gas/Fuel: $0
  • Trash: $200
  • Insurance: $2,000
  • Professional Management: $900
  • Water/Sewer: $600

Property Details for 501 E 51St St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community, Individual Room
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Down, All Bedrooms Up, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Range, Water Heater
Interior Features
  • 2 Staircases, Formica Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Tar/Gravel
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 7130010019
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Cross streets Atlantic Ave and 51st
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 501 E 51St St

Last sold for $2,650,000 on April 19th, 2022

  • April, 2022

  • Apr 19, 2022

    Date

    Sold

    CRMLS: OC21269484

    $2,650,000

    Price

  • Jan 10, 2022

    Date

    Active

    CRMLS: OC21269484

    $2,650,000

    Price

  • June, 2012

  • Jun 5, 2012

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

  • March, 2004

  • Mar 26, 2004

    Date

    Sold (Public Records)

    Public Records

    $854,000

    Price

Show More

Tax History for 501 E 51St St

Assessed Value (2020): $977,860
Year Land Value Improved Value Assessed Value
2020 $344,548 $633,312 $977,860

Home Value Compared to the Market

This property vs the competition

501 E 51St St sold on April 19, 2022 for 223.57% 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 $383.39 per/sqft which puts the price per square foot 38.95% lower than the current median sale per square foot for the city of Long Beach.

About 501 E 51St St

Detailed summary of property

501 E 51St St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 14 bedrooms, 10 bathrooms, roughly 6,912 living square feet, and sits on an approximately 11,095 square foot lot. 501 E 51St St was first listed on ArdentRealEstateGroup.com on January 11, 2022. The homeowner sold the property for $2,650,000. 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 223.57% higher than the current median priced home. Local homes that are currently for sale include 1004 E 5th St, 1045 E 4th St and 1660 Park Ave. While the average home in Long Beach, CA is selling in 62 days, 501 E 51St St has a days on market of 11 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 501 E 51St 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 501 E 51St St

Public county record property details
Beds
14
Baths
10
Year built
1963
Sq. Ft.
6,912
Lot Size
11,129
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7130-010-019

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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