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5908 Atlantic Ave Long Beach, CA 90805

$805,000 Sold Price as of 05/13/2022

3 Beds
3 Baths
3,405 Sq.Ft.

Sold

$805,000 Sold Price as of 05/13/2022 Refinance Your Mortgage

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Map preview of 5908 Atlantic Ave, Long Beach, CA 90805

Property Overview: 5908 Atlantic Ave Long Beach, CA has 3 bedrooms, 3 bathrooms, 3,405 living square feet and 4,727 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity. Cash flow opportunity!!! NEW ZONING changed last year. From commercial designation to residential/mixed usage. A MUST see. Growth and opportunity in the area. Please check with the City. Great for anyone that wants cash flow as is or an investor who wants to convert all units to residential. Currently, the building sits as Residential and Commercial. There are 2 residential units upstairs. There is a 3-bedroom 1 bath upstairs. The residential studio upstairs has been completely upgraded with new paint, new lighting, new floor, new mini split AC, and new kitchen. The 2 commercial units downstairs have been updated with new paint. The building is newly painted. The 3 car garage has been newly painted with new garage doors. Additional street parking is readily available. A great property with such a competitive market! Residential sq footage is listed with a total of approx 1692. Commercial space one is approx 866 and the other is 984 with an approx total of 1850.

Listed by Mariyan Bahadarakhann | BRE #01816173 | M B-Real, Inc.

Last checked: 30 seconds ago | Last updated: May 18th, 2022 | Source CRMLS | DOM: 43

Home details

Lot Sq. Ft: 4,727
HOA Dues: $0/mo
Year built: 1950
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC22001682
City: Long Beach
County: Los Angeles
Time on Site: 855 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 1
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 1
Garage Spaces: 3
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,711
Total Rent: $1,711
Pro Forma/Market Rent: $2,600

Unit Breakdown 2

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,100

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,150

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,900

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $69,095
Net Operating Income: $52,425
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $16,670
Electric: $4,004
Gas/Fuel: $0
New Taxes: $10,516
Trash: $0
Insurance: $2,000
Professional Management: $0
Water/Sewer: $225

Property Details for 5908 Atlantic Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 4
Parcel Number: 7124017013
Year Built Source: Assessor
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: Atlantic and E 59th

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 5908 Atlantic Ave

Last sold for $805,000 on May 13th, 2022

January, 2022
Jan 31, 2022

Date

Price Change

CRMLS: OC22001682

$799,000

Price
March, 2021
Mar 15, 2021

Date

Sold

CRMLS: OC20077953

$402,000

Price
Oct 27, 2020

Date

Pending

CRMLS: OC20077953

$750,000

Price
Apr 23, 2020

Date

Active

CRMLS: OC20077953

$750,000

Price
Apr 23, 2020

Date

Hold

CRMLS: OC20077953

$750,000

Price
Apr 23, 2020

Date

Active

CRMLS: OC20077953

$750,000

Price
Listing provided courtesy of CRMLS

Good investment property with two commercial retail spaces below and one large residential unit on top. Residential unit has a tenant paying $1586 for the unit on a month to month. Plus $125 for one enclosed garage. Tenant is open to staying. There are two enclosed garages with two additional parking spaces.

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November, 2020
Nov 13, 2020

Date

Sold (Public Records)

Public Records

$402,000

Price
November, 2020
Nov 13, 2020

Date

Sold (Public Records)

Public Records

--

Price
April, 2020
Apr 22, 2020

Date

Expired

CRMLS: OC19248233

$750,000

Price
Apr 21, 2020

Date

Withdrawn

CRMLS: OC19248233

$750,000

Price
Mar 19, 2020

Date

Active

CRMLS: OC19248233

$750,000

Price
Mar 9, 2020

Date

Pending

CRMLS: OC19248233

$750,000

Price
Oct 22, 2019

Date

Active

CRMLS: OC19248233

$750,000

Price
Listing provided courtesy of CRMLS

Good investment property with two commercial retail spaces below and one large residential unit on top. Residential unit has a tenant paying $1586 for the unit on a month to month. Plus $125 for one enclosed garage. Tenant is open to staying. There are two enclosed garages with two additional parking spaces.

Continue Reading

Tax History for 5908 Atlantic Ave

Assessed Value (2020): $300,605

Year	Land Value	Improved Value	Assessed Value
2020	$121,830	$178,775	$300,605

Home Value Compared to the Market

This property vs the competition

5908 Atlantic Ave sold on May 13, 2022 for 0.12% 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 $234.65 per/sqft which puts the price per square foot 62.87% lower than the current median sale per square foot for the city of Long Beach.

About 5908 Atlantic Ave

Detailed summary of property

5908 Atlantic Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 3,405 living square feet, and sits on an approximately 4,727 square foot lot. 5908 Atlantic Ave was first listed on ArdentRealEstateGroup.com on January 5, 2022. The homeowner sold the property for $805,000. 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 0.12% lower than the current median priced home. Local homes that are currently for sale include 1125 E 17th St, 402 E 16th St and 1600 Stanley Ave. While the average home in Long Beach, CA is selling in 53 days, 5908 Atlantic Ave has a days on market of 43 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 5908 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 5908 Atlantic Ave

Public county record property details

Beds: --
Baths: --
Year built: 1950
Sq. Ft.: 3,405
Lot Size: 4,727
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 14
APN: 7124-017-013

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

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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.