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5485 Lime Ave, Long Beach, CA 90805
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5485 Lime Ave Long Beach, CA 90805

$650,000 Sold Price as of 04/24/2020
  • 5 Beds
  • 2 Baths
  • 1,876 Sq.Ft.
Sold
$650,000 Sold Price as of 04/24/2020 Refinance Your Mortgage
Map preview of 5485 Lime Ave, Long Beach, CA 90805

Property Overview: 5485 Lime Ave Long Beach, CA has 5 bedrooms, 2 bathrooms, 1,876 living square feet and 5,526 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 5485 Lime Avenue - A charming duplex with two homes on a lot. Perfect for a first time home buyer to live in one and rent the other. The front house is a 1926 Spanish that has three bedrooms and one bathroom as well as a detached two-car garage. The back house was built in 1961, has two bedrooms, one bathroom, and Central A/C and Heating. This North Long Beach property is in close proximity to several freeway entrances as well as the Bixby Knolls dining scene.

Listed by Andrew McAllister | BRE #01946829 | Nationwide Real Estate Execs
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
5,526
HOA Dues
$0/mo
Year built
1926
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
RS19260217
City
Long Beach
County
Los Angeles
Time on Site
1532 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,725
  • Total Rent: $1,725
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $37,800
  • Net Operating Income: $23,426
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $13,240
  • Electric: $480
  • Gas/Fuel: $0
  • Licenses: $500
  • New Taxes: $7,604
  • Trash: $200
  • Gardener: $900
  • Insurance: $600
  • Maintenance: $1,100
  • Water/Sewer: $1,000
  • Other Expenses: $856
  • Other Expense Description: Other

Property Details for 5485 Lime Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, See Remarks
Heating Information
  • Has Heating
  • Central, See Remarks
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Spanish Tile
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Driveway, Garage
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7127020015
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Lindbergh
  • Directions: Head north on Atlantic, pass Market St and turn right on 55th St. Then turn right on Lime.
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 5485 Lime Ave

Last sold for $650,000 on April 24th, 2020

  • April, 2020

  • Apr 24, 2020

    Date

    Sold

    CRMLS: RS19260217

    $650,000

    Price

  • Dec 3, 2019

    Date

    Active Under Contract

    CRMLS: RS19260217

    $630,000

    Price

  • Nov 7, 2019

    Date

    Active

    CRMLS: RS19260217

    $630,000

    Price

  • April, 2020

  • Apr 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

  • December, 2010

  • Dec 14, 2010

    Date

    Sold (Public Records)

    Public Records

    $265,000

    Price

Show More

Tax History for 5485 Lime Ave

Assessed Value (2020): $436,313
Year Land Value Improved Value Assessed Value
2020 $211,118 $225,195 $436,313

Home Value Compared to the Market

This property vs the competition

5485 Lime Ave sold on April 24, 2020 for 23.08% 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 $335.82 per/sqft which puts the price per square foot 46.53% lower than the current median sale per square foot for the city of Long Beach.

About 5485 Lime Ave

Detailed summary of property

5485 Lime Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,876 living square feet, and sits on an approximately 5,526 square foot lot. 5485 Lime Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $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 23.08% lower than the current median priced home. Local homes that are currently for sale include 829 E Century Blvd, 340 W 119th St and 1643 E 87th Pl. While the average home in Long Beach, CA is selling in 62 days, 5485 Lime Ave has a days on market of 26 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 5485 Lime 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 5485 Lime Ave

Public county record property details
Beds
5
Baths
2
Year built
1926
Sq. Ft.
1,876
Lot Size
5,525
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7127-020-015

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
$690,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
97
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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(714) 706-1823

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Recently Sold Homes Near 5485 Lime Ave

5507 Lime Ave, Long Beach, CA 90805
$810,000 Last Sold Price
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4 Baths
-- Sq.Ft.
5507 Lime Ave
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5416 Lime Ave, Long Beach, CA 90805
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5478 Olive Ave, Long Beach, CA 90805
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5409 Olive Ave, Long Beach, CA 90805
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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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