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5946 Orange Ave, Long Beach, CA 90805
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5946 Orange Ave Long Beach, CA 90805

$1,000,000 Sold Price as of 03/24/2021
  • 12 Beds
  • 6 Baths
  • 3,454 Sq.Ft.
Sold
$1,000,000 Sold Price as of 03/24/2021 Refinance Your Mortgage
Map preview of 5946 Orange Ave, Long Beach, CA 90805

Property Overview: 5946 Orange Ave Long Beach, CA has 12 bedrooms, 6 bathrooms, 3,454 living square feet and 5,023 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: No longer accepting offers after the deadline end of business Tuesday 2/23 at 6pm. Property is on hold until next week 3/1. This "value add" six-unit Long Beach apartment building. The asset has great curb appeal and all of the units are 2+1 with long-term tenants. Property is located in a terrific neighborhood near great public transportation, shopping, and restaurants. This is an excellent opportunity to own in an area definitely moving up. Units are priced to reflect rents that are apx 25-35% below market. Be part of the expansion and growth in Long Beach! Priced to sell, this one won't last.

Listed by Scott Nell | BRE #01358285 | Keller Williams Realty Encino-Sherman Oa
Co-listed by Eric Petz | BRE #01893338 | Keller Williams Realty Encino-Sherman Oa
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
5,023
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21694124
City
Long Beach
County
Los Angeles
Time on Site
1295 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $740
  • Total Rent: $740
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $725
  • Total Rent: $725
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $610
  • Total Rent: $610
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: --
  • Net Operating Income: $60,780
  • Gross Operating Income: $60,780
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 5946 Orange Ave

Interior Features
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 7123009007
Location / Neighborhood
Location Information
  • Directions: South of E 60th on Orange ave
View more facts & features

Local Long Beach Agent

Sale History for 5946 Orange Ave

Last sold for $1,000,000 on March 24th, 2021

  • March, 2021

  • Mar 25, 2021

    Date

    Sold

    CRMLS: 21694124

    $1,000,000

    Price

  • Mar 3, 2021

    Date

    Pending

    CRMLS: 21694124

    $899,000

    Price

  • Feb 24, 2021

    Date

    Hold

    CRMLS: 21694124

    $899,000

    Price

  • Feb 21, 2021

    Date

    Active

    CRMLS: 21694124

    $899,000

    Price

  • June, 1997

  • Jun 18, 1997

    Date

    Sold (Public Records)

    Public Records

    $165,500

    Price

Show More

Tax History for 5946 Orange Ave

Assessed Value (2020): $245,703
Year Land Value Improved Value Assessed Value
2020 $59,556 $186,147 $245,703

Home Value Compared to the Market

This property vs the competition

5946 Orange Ave sold on March 24, 2021 for 9.77% 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 $260.28 per/sqft which puts the price per square foot 58.55% lower than the current median sale per square foot for the city of Long Beach.

About 5946 Orange Ave

Detailed summary of property

5946 Orange Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 3,454 living square feet, and sits on an approximately 5,023 square foot lot. 5946 Orange Ave was first listed on ArdentRealEstateGroup.com on March 4, 2021. The homeowner sold the property for $1,000,000. 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 9.77% higher than the current median priced home. Local homes that are currently for sale include 1824-1826 W Canton St, 2223 Locust and 2175 Earl Ave. While the average home in Long Beach, CA is selling in 62 days, 5946 Orange Ave has a days on market of 3 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 5946 Orange 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 5946 Orange Ave

Public county record property details
Beds
13
Baths
6
Year built
1956
Sq. Ft.
3,454
Lot Size
5,022
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
7123-009-007

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
$680,000
Median List Price/Sq.Ft.
$552
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
96
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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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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