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5508 Atlantic Ave, Long Beach, CA 90805
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5508 Atlantic Ave Long Beach, CA 90805

$650,000 Sold Price as of 11/22/2022
  • -- Beds
  • -- Baths
  • 2,214 Sq.Ft.
Sold
$650,000 Sold Price as of 11/22/2022 Refinance Your Mortgage
Map preview of 5508 Atlantic Ave, Long Beach, CA 90805

Property Overview: 5508 Atlantic Ave Long Beach, CA has -- bedrooms, -- bathrooms, 2,214 living square feet and 10,166 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Attention investment !!! Prime locations ,Current tenant is an auto shop with monthly rent of $5,000 with annual 3-5% rent increase; current tenants lease is up 2/11/2022 with no more options; first building is 1218 SF , 2nd building is 996 SF ; entire lot is 10,166 SF ; great investment opportunity, Also the rent wasn't increased by 3% annually for the last 5 years, A new contract $5,000/ per month with 3% annual increase. We can make a contract that states all major repairs will be made by landlord at 5k/month, if not they will remain month to month Good investment opportunity !!! Property sold as is! Cash buyer/investor only! Any questions lt me know

Listed by Anna Park | BRE #01138649 | Team Spirit Realty, Inc.
Last checked: 16 minutes ago | Last updated: November 28th, 2023 | Source CRMLS | DOM: 274

Home details

Lot Sq. Ft
10,166
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Business
Status
Sold
MLS#
PW22020931
City
Long Beach
County
Los Angeles
Time on Site
826 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5508 Atlantic Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 2-5 Units/Acre, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 7127009032
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: None
Location / Neighborhood
Location Information
  • Directions: Atlantic / South
View more facts & features

Local Long Beach Agent

Sale History for 5508 Atlantic Ave

Last sold for $650,000 on November 22nd, 2022

  • November, 2023

  • Nov 28, 2023

    Date

    Canceled

    CRMLS: GD23002190

    $850,000

    Price

  • Jan 5, 2023

    Date

    Active

    CRMLS: GD23002190

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Prime Location, Commercial property situated on a Large Corner Lot with Heavy Traffic. Great Investment Opportunity and High Visibility Exposure. Stand alone Building with Enclosed/Fenced Parking in front.

  • November, 2022

  • Nov 22, 2022

    Date

    Sold

    CRMLS: PW22020931

    $650,000

    Price

  • Feb 3, 2022

    Date

    Active

    CRMLS: PW22020931

    $970,000

    Price

  • October, 1997

  • Oct 23, 1997

    Date

    Sold (Public Records)

    Public Records

    $174,000

    Price

  • August, 1997

  • Aug 14, 1997

    Date

    Sold (Public Records)

    Public Records

    $170,693

    Price

Show More

Tax History for 5508 Atlantic Ave

Assessed Value (2020): $364,992
Year Land Value Improved Value Assessed Value
2020 $218,997 $145,995 $364,992

Home Value Compared to the Market

This property vs the competition

5508 Atlantic Ave sold on November 22, 2022 for 18.75% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $293.59 per/sqft which puts the price per square foot 53.55% lower than the current median sale per square foot for the city of Long Beach.

About 5508 Atlantic Ave

Detailed summary of property

5508 Atlantic Ave is a business that recently sold in Long Beach, CA 90805. This business offered -- bedrooms, -- bathrooms, roughly 2,214 living square feet, and sits on an approximately 10,166 square foot lot. 5508 Atlantic Ave was first listed on ArdentRealEstateGroup.com on February 2, 2022. The homeowner sold the property for $650,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 18.75% lower than the current median priced home. Local homes that are currently for sale include 1607 E 4th St, 320 S Soto St and 300 S Pecan St. While the average home in Long Beach, CA is selling in 53 days, 5508 Atlantic Ave has a days on market of 274 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 5508 Atlantic 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 5508 Atlantic Ave

Public county record property details
Beds
--
Baths
--
Year built
1938
Sq. Ft.
2,214
Lot Size
10,166
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
44,45
APN
7127-009-032

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.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
61
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%)

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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