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5529 Dairy Ave, Long Beach, CA 90805
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5529 Dairy Ave Long Beach, CA 90805

$710,000 Sold Price as of 09/17/2020
  • 11 Beds
  • 7 Baths
  • 4,872 Sq.Ft.
Sold
$710,000 Sold Price as of 09/17/2020 Refinance Your Mortgage
Map preview of 5529 Dairy Ave, Long Beach, CA 90805

Property Overview: 5529 Dairy Ave Long Beach, CA has 11 bedrooms, 7 bathrooms, 4,872 living square feet and 5,431 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Joshua Galindo | BRE #01837553 | Terreno Advisory
Last checked: 12 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
5,431
HOA Dues
$0/mo
Year built
1964
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC20211328
City
Long Beach
County
Los Angeles
Time on Site
1296 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 7
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,026
  • Total Rent: $1,026
  • Pro Forma/Market Rent: $1,200
Unit Breakdown 2
  • # 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: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $925
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $999
  • Total Rent: $999
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.46%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $99,000
  • Net Operating Income: $56,382
  • Gross Operating Income: $95,070
  • Vacancy Allowance: $6,930
  • # of Rented Garages: 1
  • Garage Rental Rate: $50
  • Garage Rental Income: $50
  • Laundry Income: $200
Annual Expense Breakdown
  • Total Operating Expense: $38,688
  • Gas/Fuel: $582
  • New Taxes: $16,875
  • Trash: $1,110
  • Insurance: $2,668
  • Professional Management: $4,754
  • Water/Sewer: $6,110

Property Details for 5529 Dairy Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Three Door
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7126025019
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Long Beach Blvd to east Market, North on Dairy
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 5529 Dairy Ave

Last sold for $710,000 on September 17th, 2020

  • May, 2023

  • May 15, 2023

    Date

    Canceled

    CRMLS: 23241239

    $3,995,000

    Price

  • Feb 13, 2023

    Date

    Active

    CRMLS: 23241239

    $3,995,000

    Price

  • Listing provided courtesy of CRMLS

    Once in a lifetime 100% renovated, 10-unit residential income opportunity ready to cash flow at an impressive 5.2% Cap Rate and 13.9 GRM in North Long Beach. This building was entirely stripped to the studs and thoroughly renovated with permits. The property features a new roof, electrical system, plumbing, and windows. Other upgrades include new cabinets, flooring, recessed lighting, bathrooms, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) and 5 (2bed/1bath) units, all of which are individually metered for Gas & Electricity. . This is a great asset for an investor in search of a low-maintenance building in a desirable Los Angeles County location close to the water.

  • February, 2023

  • Feb 8, 2023

    Date

    Canceled

    CRMLS: 23234249

    $3,895,000

    Price

  • Jan 19, 2023

    Date

    Active

    CRMLS: 23234249

    $3,895,000

    Price

  • Listing provided courtesy of CRMLS

    Once in a lifetime 100% vacant and renovated, 10-unit residential income opportunity ready to cash flow at an amazing 5% Cap Rate and 14.2 GRM in North Long Beach. This building was fully stripped to the studs and thoroughly renovated with permits. The property features a new roof, electrical system, plumbing, and new windows throughout. Other upgrades include new cabinets, flooring, recessed lighting, bathrooms, and stainless-steel appliances. The offering brings a diverse unit mix consisting of 5 (1bed/1bath) and 5 (2bed/1bath) units, all of which are individually metered for Gas & Electricity. . This is a great asset for an investor in search of a low-maintenance building in a desirable Los Angeles County location close to the water.

  • October, 2020

  • Oct 7, 2020

    Date

    Sold

    CRMLS: OC20211328

    $710,000

    Price

  • Oct 7, 2020

    Date

    Active

    CRMLS: OC20211328

    $1,350,000

    Price

  • September, 2020

  • Sep 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

  • September, 2014

  • Sep 10, 2014

    Date

    Sold (Public Records)

    Public Records

    $925,000

    Price

Show More

Tax History for 5529 Dairy Ave

Assessed Value (2020): $1,016,916
Year Land Value Improved Value Assessed Value
2020 $219,787 $797,129 $1,016,916

Home Value Compared to the Market

This property vs the competition

5529 Dairy Ave sold on September 17, 2020 for 77.63% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $277.09 per/sqft which puts the price per square foot 56.23% lower than the current median sale per square foot for the city of Long Beach.

About 5529 Dairy Ave

Detailed summary of property

5529 Dairy Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 11 bedrooms, 7 bathrooms, roughly 4,872 living square feet, and sits on an approximately 5,431 square foot lot. 5529 Dairy Ave was first listed on ArdentRealEstateGroup.com on October 7, 2020. The homeowner sold the property for $710,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 77.63% higher than the current median priced home. Local homes that are currently for sale include 2117 E 112th St, 2045 E 111Th St and 11111 Wilmington Ave. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 5529 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 5529 Dairy Ave

Public county record property details
Beds
11
Baths
7
Year built
1964
Sq. Ft.
4,872
Lot Size
5,431
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
31,32
APN
7126-025-019

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
$690,000
Median List Price/Sq.Ft.
$518
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$605
Total Inventory
63
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (40%), FHA (28%), VA (4%), Cash (12%), Other (12%)

Thinking of Selling?

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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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