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5550 E 2Nd St, Long Beach, CA 90803
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5550 E 2Nd St Long Beach, CA 90803

$2,080,000 Sold Price as of 03/26/2024
  • -- Beds
  • -- Baths
  • 3,428 Sq.Ft.
Sold
$2,080,000 Sold Price as of 03/26/2024 Refinance Your Mortgage
Map preview of 5550 E 2Nd St, Long Beach, CA 90803

Property Overview: 5550 E 2Nd St Long Beach, CA has -- bedrooms, -- bathrooms, 3,428 living square feet and 3,207 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare mixed-use opportunity situated in the heart of Naples Island, Long Beach, California. The property comprises a two-story building with a total area of 3,428 sq ft, situated on a 3,207 sq ft lot. comprised of 3-commercial units totaling approximately 1,866 sf and 2-2brx 1ba apartment units. at street level It features 4 parking spaces, including 3 garages. Currently occupied, the property may be delivered without tenants, presenting an excellent opportunity for either an owner/user or an investor targeting a potential 5.89% CAP rate. Positioned on a main thoroughfare with a daily vehicle count exceeding 40,000, this property offers significant visibility and accessibility. It's an ideal investment for those seeking prime coastal real estate. Additionally, the property holds potential for commercial and short-term rental uses, providing upside potential for income generation. Situated in the coveted Belmont Shore, Alamitos Bay, Pacific Ocean, Peninsula area of Long Beach, this property offers a highly desirable coastal lifestyle. It's an excellent opportunity to fulfill the California dream of living, working, and playing by the beach every day. All information is deemed reliable but not guaranteed; buyers are encouraged to conduct their own investigations.

Listed by George Bustamante | BRE #01484265 | Coldwell Banker Commercial
Co-listed by Jack Irvin | BRE #449434 | Coldwell Banker Realty
Last checked: 6 minutes ago | Last updated: March 27th, 2024 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
3,207
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW24002962
City
Long Beach
County
Los Angeles
Time on Site
257 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.89%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5550 E 2Nd St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7244013003
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of PCH
View more facts & features

Local Long Beach Agent

Sale History for 5550 E 2Nd St

Last sold for $2,080,000 on March 26th, 2024

  • March, 2024

  • Mar 26, 2024

    Date

    Sold

    CRMLS: PW24002962

    $2,080,000

    Price

  • Jan 19, 2024

    Date

    Active

    CRMLS: PW24002962

    $2,300,000

    Price

  • October, 2009

  • Oct 22, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5550 E 2Nd St

Assessed Value (2020): $208,885
Year Land Value Improved Value Assessed Value
2020 $78,883 $130,002 $208,885

Home Value Compared to the Market

This property vs the competition

5550 E 2Nd St sold on March 26, 2024 for 180.83% higher 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 $670.95 per/sqft which puts the price per square foot 6.84% higher than the current median sale per square foot for the city of Long Beach.

About 5550 E 2Nd St

Detailed summary of property

5550 E 2Nd St is a mixed use that recently sold in Long Beach, CA 90803. This mixed use property offered -- bedrooms, -- bathrooms, roughly 3,428 living square feet, and sits on an approximately 3,207 square foot lot. 5550 E 2Nd St was first listed on ArdentRealEstateGroup.com on January 5, 2024. The homeowner sold the property for $2,080,000. 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 180.83% higher than the current median priced home. Local homes that are currently for sale include 11316 S Vermont Ave, 1445 E 76th Pl and 1544 E Florence Ave. While the average home in Long Beach, CA is selling in 62 days, 5550 E 2Nd St has a days on market of 32 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 5550 E 2Nd St Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5550 E 2Nd St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,428
Lot Size
3,207
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7244-013-003

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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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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