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5423 Dairy Ave, Long Beach, CA 90805
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5423 Dairy Ave Long Beach, CA 90805

$1,388,000
  • 6 Beds
  • 6 Baths
  • 3,008 Sq.Ft.
For Sale
$1,388,000 Get Pre-Qualified
Map preview of 5423 Dairy Ave, Long Beach, CA 90805

Property Overview: 5423 Dairy Ave Long Beach, CA has 6 bedrooms, 6 bathrooms, 3,008 living square feet and 5,654 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Featuring 6 one bedroom, 4 units with garage with 1 space each. there is a bonus room "studio" with 1 bdrm. 1 bth. and a kitchen, in addition to the 6 Units. This property offers an investor the opportunity to re-position through renovation and increased rents. The landlord provides the water. Located in the dynamic 90805 zip code this property will benefit for many years from the development that will create local jobs. The Market Capitalization Rate, based on market rents, exceeds 7 per cent.

Listed by Ricardo Parada | BRE #01120414 | Berkshire Hathaway HomeServices California Properties
Last checked: 25 seconds ago | Last updated: January 30th, 2024 | Source CRMLS | DOM: 268
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Home details

Lot Sq. Ft
5,654
HOA Dues
$0/mo
Year built
1929
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
TR23130001
City
Long Beach
County
Los Angeles
Time on Site
288 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # 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: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,380
  • Total Rent: $1,380
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,270
  • Total Rent: $1,270
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,328
  • Total Rent: $1,328
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $114,336
  • Net Operating Income: $110,912
  • Gross Operating Income: --
  • Laundry Income: $2,288
  • Laundry Own/Lease: Lease
  • Other Income Description: A Bonus Studio Rm $730
Annual Expense Breakdown
  • Total Operating Expense: $3,424
  • Electric: $660
  • Licenses: $328
  • Trash: $0
  • Insurance: $2,764
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 5423 Dairy Ave

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Property Details for 5423 Dairy Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7126036027
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: E/710 Fwy S/91 Fwy
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 5423 Dairy Ave

Last sold for $1,170,000 on August 19th, 2021

  • July, 2023

  • Jul 20, 2023

    Date

    Active

    CRMLS: TR23130001

    $1,400,000

    Price

  • August, 2021

  • Aug 19, 2021

    Date

    Sold

    CRMLS: OC21103732

    $1,170,000

    Price

  • Jul 26, 2021

    Date

    Pending

    CRMLS: OC21103732

    $1,150,000

    Price

  • Jun 28, 2021

    Date

    Active Under Contract

    CRMLS: OC21103732

    $1,150,000

    Price

  • May 14, 2021

    Date

    Active

    CRMLS: OC21103732

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    5423 Dairy Avenue is a 6+1 unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. 5423 Dairy Avenue offers an excellent unit mix consisting of 6, one-bedroom units and 1, nonconforming studio. The property offers amenities including gated entry, security doors, garage parking, and on-site laundry. 5423 Dairy Avenue has an excellent location adjacent to the historic Bixby Knolls neighborhood, which is quickly redeveloping into a creative and social corridor with trendy new retail shops and eclectic eateries.

  • February, 2003

  • Feb 24, 2003

    Date

    Sold (Public Records)

    Public Records

    $200,000

    Price

  • February, 1997

  • Feb 13, 1997

    Date

    Sold (Public Records)

    Public Records

    $135,000

    Price

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Tax History for 5423 Dairy Ave

Assessed Value (2020): $201,021
Year Land Value Improved Value Assessed Value
2020 $111,679 $89,342 $201,021

Home Value Compared to the Market

This property vs the competition

5423 Dairy Ave is listed 73.52% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $461.44 per/sqft which puts the price per square foot 28.35% lower than the median price per square foot for the city of Long Beach.

About 5423 Dairy Ave

Detailed summary of property

5423 Dairy Ave is a mixed use located in Long Beach, CA 90805 and is currently for sale. This mixed use property offers 6 bedrooms, 6 bathrooms, roughly 3,008 living square feet, and sits on an approximately 5,654 square foot lot. 5423 Dairy Ave was first listed on ArdentRealEstateGroup.com on July 18, 2023. The homeowner is currently asking $1,388,000 and was originally asking $1,400,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 73.52% higher than the median priced home. Local competing homes currently for sale include 726 W 76th St, 7014 S Vermont Ave and 4600 S Central Ave. While the average home in Long Beach, CA is selling in 54 days, 5423 Dairy Ave has a days on market of 268 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 5423 Dairy Ave 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 5423 Dairy Ave

Public county record property details
Beds
6
Baths
6
Year built
1929
Sq. Ft.
3,008
Lot Size
5,653
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
38,39
APN
7126-036-027

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.
$537
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
60
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%)

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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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