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5558 Dairy Ave, Long Beach, CA 90805
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5558 Dairy Ave Long Beach, CA 90805

$2,850,000 Sold Price as of 08/21/2019
  • 20 Beds
  • 12 Baths
  • 7,712 Sq.Ft.
Sold
$2,850,000 Sold Price as of 08/21/2019 Refinance Your Mortgage
Map preview of 5558 Dairy Ave, Long Beach, CA 90805

Property Overview: 5558 Dairy Ave Long Beach, CA has 20 bedrooms, 12 bathrooms, 7,712 living square feet and 8,278 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 5558-5562 Dairy Avenue is a completely remodeled 12-Unit turnkey asset offering an attractive mix of bright and spacious one- and two-bedroom units. Interiors feature brand new hardwood flooring, custom cabinetry, granite countertops, stainless steel appliances and modern lighting and fixtures throughout. The property is located in North Long Beach, an area that is beginning to see new residential, mixed-use and modern commercial space development.

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 84

Home details

Lot Sq. Ft
8,278
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW18280490
City
Long Beach
County
Los Angeles
Time on Site
1387 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $14,400
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $6,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $256,350
  • Net Operating Income: $173,929
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $69,604
  • Electric: $1,650
  • Gas/Fuel: $1,650
  • New Taxes: $39,542
  • Trash: $1,650
  • Insurance: $3,085
  • Professional Management: $12,177
  • Water/Sewer: $1,650

Property Details for 5558 Dairy Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Wood
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7126019022
  • Year Built Source: Public Records
  • Property is 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 & East Market Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 5558 Dairy Ave

Last sold for $2,850,000 on August 21st, 2019

  • August, 2019

  • Aug 22, 2019

    Date

    Sold

    CRMLS: PW18280490

    $2,850,000

    Price

  • Jun 20, 2019

    Date

    Pending

    CRMLS: PW18280490

    $3,100,000

    Price

  • Feb 19, 2019

    Date

    Withdrawn

    CRMLS: PW18280490

    $3,100,000

    Price

  • Nov 27, 2018

    Date

    Active

    CRMLS: PW18280490

    $3,100,000

    Price

  • August, 2019

  • Aug 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,850,000

    Price

  • February, 2018

  • Feb 17, 2018

    Date

    Sold

    CRMLS: PW17184606

    $1,900,000

    Price

  • Nov 28, 2017

    Date

    Pending

    CRMLS: PW17184606

    $2,000,000

    Price

  • Aug 10, 2017

    Date

    Active

    CRMLS: PW17184606

    $2,000,000

    Price

  • Listing provided courtesy of CRMLS

    Dairy Terraces is a 55-bed sober living community located in the North Long Beach submarket. The Property has total of 55 beds and offers investors a great opportunity to acquire a property with a 17-year history in a strong non-rent controlled market. On-site manager manages all rentals, evictions and Sober Living Program. The subject property is located at 5558-5562 Dairy Avenue in the North Long Beach submarket. The property enjoys close proximity to the local freeways, public transportation, and is within walking distance of the shops, restaurants, and retailers along Atlantic Avenue and East Market Street.

  • February, 2018

  • Feb 16, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

Show More

Tax History for 5558 Dairy Ave

Assessed Value (2020): $2,851,200
Year Land Value Improved Value Assessed Value
2020 $450,000 $2,401,200 $2,851,200

Home Value Compared to the Market

This property vs the competition

5558 Dairy Ave sold on August 21, 2019 for 287.5% higher 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 $401.97 per/sqft which puts the price per square foot 36.4% lower than the current median sale per square foot for the city of Long Beach.

About 5558 Dairy Ave

Detailed summary of property

5558 Dairy Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 20 bedrooms, 12 bathrooms, roughly 7,712 living square feet, and sits on an approximately 8,278 square foot lot. 5558 Dairy Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,850,000. 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 287.5% higher than the current median priced home. Local homes that are currently for sale include 830 Roswell Ave, 3316 E 3rd St and 219 Prospect Ave. While the average home in Long Beach, CA is selling in 53 days, 5558 Dairy Ave has a days on market of 84 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 5558 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 5558 Dairy Ave

Public county record property details
Beds
20
Baths
12
Year built
1961
Sq. Ft.
7,712
Lot Size
8,278
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6-8
APN
7126-019-022

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
$679,000
Median List Price/Sq.Ft.
$548
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
64
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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(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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