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5600 Lime Ave, Long Beach, CA 90805
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5600 Lime Ave Long Beach, CA 90805

$855,000 Sold Price as of 09/12/2023
  • 4 Beds
  • 2 Baths
  • 2,001 Sq.Ft.
Sold
$855,000 Sold Price as of 09/12/2023 Refinance Your Mortgage
Map preview of 5600 Lime Ave, Long Beach, CA 90805

Property Overview: 5600 Lime Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 2,001 living square feet and 5,780 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Are you looking for a great investment opportunity? Look no further than this 2 bedroom, 1 bath duplex with a four car garage and laundry room for each unit. This property is perfect for those looking to invest in real estate and generate rental income. The front unit is a two bedroom, one bathroom apartment with a spacious living area and vintage kitchen. The back unit is a two bedroom, onw bathroom apartment over the four car garage. Both units have their own laundry room, making it easy to keep up with the tenants needs. Back unit has central AC. The property also features solar power (Leased) for both units, making it an energy efficient investment. This means that you can save money on your energy bills while also helping the environment.

Listed by Edwin Huber | BRE #01314032 | Century 21 Peak
Last checked: 15 minutes ago | Last updated: September 12th, 2023 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
5,780
HOA Dues
$0/mo
Year built
1936
Garage
4 Car
Property Type:
Duplex
Status
Sold
MLS#
DW23136455
City
Long Beach
County
Los Angeles
Time on Site
423 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: 5.03
  • Gross Scheduled Income: $60,000
  • Net Operating Income: $40,200
  • Gross Operating Income: --
  • Vacancy Allowance: $1,800
Annual Expense Breakdown
  • Total Operating Expense: $18,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,095
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 5600 Lime Ave

Interior Features
Cooling Information
  • None, Central Air
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Decorative
Room Information
  • Flooring: Carpet, Laminate, Wood
  • Kitchen, Laundry
Interior Features
  • Ceiling Fan(s), Tile Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 7127005014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: North of 56th St and East of Atlantic Ave
Neighborhood Information
  • Community Features: Gutters, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 5600 Lime Ave

Last sold for $855,000 on September 12th, 2023

  • September, 2023

  • Sep 12, 2023

    Date

    Sold

    CRMLS: DW23136455

    $855,000

    Price

  • Jul 24, 2023

    Date

    Active

    CRMLS: DW23136455

    $799,000

    Price

Tax History for 5600 Lime Ave

Assessed Value (2020): $188,761
Year Land Value Improved Value Assessed Value
2020 $42,438 $146,323 $188,761

Home Value Compared to the Market

This property vs the competition

5600 Lime Ave sold on September 12, 2023 for 2.33% lower 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 $399.75 per/sqft which puts the price per square foot 36.35% lower than the current median sale per square foot for the city of Long Beach.

About 5600 Lime Ave

Detailed summary of property

5600 Lime Ave is a duplex that recently sold in Long Beach, CA 90805. This duplex offered 4 bedrooms, 2 bathrooms, roughly 2,001 living square feet, and sits on an approximately 5,780 square foot lot. 5600 Lime Ave was first listed on ArdentRealEstateGroup.com on July 24, 2023. The homeowner sold the property for $855,000. 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 2.33% lower than the current median priced home. Local homes that are currently for sale include 1348 E Wesley Dr, 2000 Pacific Ave and 340 E 19th St. While the average home in Long Beach, CA is selling in 62 days, 5600 Lime Ave has a days on market of 16 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 5600 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 5600 Lime Ave

Public county record property details
Beds
4
Baths
2
Year built
1936
Sq. Ft.
2,001
Lot Size
5,779
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
7127-005-014

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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(714) 706-1823

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Recently Sold Homes Near 5600 Lime Ave

5507 Lime Ave, Long Beach, CA 90805
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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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