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5507 Lime Ave, Long Beach, CA 90805
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5507 Lime Ave Long Beach, CA 90805

$810,000 Sold Price as of 09/09/2020
  • 6 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$810,000 Sold Price as of 09/09/2020 Refinance Your Mortgage
Map preview of 5507 Lime Ave, Long Beach, CA 90805

Property Overview: 5507 Lime Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, -- living square feet and 5,685 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 4 Units Across Two Buildings - Built In 1958 & 1931 - (2) 2 Bedroom + 1 Bathroom Units, (2) 1 Bedroom + 1 Bathroom Units - 2,657 GSF - Individually Metered For Electricity & Gas - 8 Parking Spaces + Driveway - Coin-Operated Laundry Room - 5,685 SF Lot - LBR3S Zoning - - Detached Owner's 2 Bedroom + 1 Bathroom Unit ("5509 Lime Avenue" - 942 SF per Assessor) Is Currently Vacant, Ready-To-Rent, Contains a 3rd Room (No Closet), Small Backyard Patio Area Behind Detached Unit, In-Unit Laundry Hook Ups

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investment Services
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
5,685
HOA Dues
$0/mo
Year built
1958
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
20609058
City
Long Beach
County
Los Angeles
Time on Site
1518 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,025
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,190
  • Total Rent: $1,190
  • Pro Forma/Market Rent: $1,425
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.2
  • Gross Scheduled Income: --
  • Net Operating Income: $45,520
  • Gross Operating Income: $66,115
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5507 Lime Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Two Door, Garage - Single Door, Garage
Property Information
  • Total # of Units: 4
  • Parcel Number: 7127009028
Location / Neighborhood
Location Information
  • Directions: North of 55th Street on Lime Avenue
View more facts & features

Local Long Beach Agent

Sale History for 5507 Lime Ave

Last sold for $810,000 on September 9th, 2020

  • September, 2020

  • Sep 10, 2020

    Date

    Sold

    CRMLS: 20609058

    $810,000

    Price

  • Aug 25, 2020

    Date

    Pending

    CRMLS: 20609058

    $899,999

    Price

  • Aug 4, 2020

    Date

    Active

    CRMLS: 20609058

    $899,999

    Price

  • Aug 3, 2020

    Date

    Active Under Contract

    CRMLS: 20609058

    $899,999

    Price

  • Jul 24, 2020

    Date

    Active

    CRMLS: 20609058

    $899,999

    Price

  • September, 2020

  • Sep 9, 2020

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

  • December, 2016

  • Dec 2, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5507 Lime Ave

Assessed Value (2020): $456,866
Year Land Value Improved Value Assessed Value
2020 $175,717 $281,149 $456,866

Home Value Compared to the Market

This property vs the competition

5507 Lime Ave sold on September 9, 2020 for 9.89% higher than the current median sold price for the city of Long Beach which is $819,000.

About 5507 Lime Ave

Detailed summary of property

5507 Lime Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 6 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 5,685 square foot lot. 5507 Lime Ave was first listed on ArdentRealEstateGroup.com on July 24, 2020. The homeowner sold the property for $810,000. 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 9.89% higher than the current median priced home. Local homes that are currently for sale include 2000 Pacific Ave, 340 E 19th St and 1930 Magnolia Ave. While the average home in Long Beach, CA is selling in 62 days, 5507 Lime Ave has a days on market of 31 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 5507 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 5507 Lime Ave

Public county record property details
Beds
5
Baths
4
Year built
1931
Sq. Ft.
2,657
Lot Size
5,685
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
7127-009-028

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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Recently Sold Homes Near 5507 Lime Ave

5485 Lime 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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