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5981 Lime Ave, Long Beach, CA 90805
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5981 Lime Ave Long Beach, CA 90805

$750,000 Sold Price as of 09/19/2022
  • 16 Beds
  • 16 Baths
  • 2,120 Sq.Ft.
Sold
$750,000 Sold Price as of 09/19/2022 Refinance Your Mortgage
Map preview of 5981 Lime Ave, Long Beach, CA 90805

Property Overview: 5981 Lime Ave Long Beach, CA has 16 bedrooms, 16 bathrooms, 2,120 living square feet and 5,209 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PURSUANT to Assessor's records, this 4-pex was built in 1966; comprised of FOUR one-bedroom/one bathroom units, averaging 530 sq.ft. each. ............................................................................................................................................................................................................................................ THE strongest assets of the property are its construction age and modern floor plan that boasts: a good size Living room, Bedroom with large clothes closet and separate linen closet, Full Bathroom, Dining room, and well laid out Galley Kitchen with washer hook-up and room for dryer. ............................................................................................................................................................................................................................................. THE modern, 4-sided, stucco-clad structure under one roof makes for easy exterior maintenance, both for long term and monthly routine clean-up. ............................................................................................................................................................................................................................................. THE rear parking lot is large enough to provide off street parking for 4 cars lined up along the north, side wall of the property; that can easily drive in, park, and easily back-up and drive out. A future garage with TWO additional units above the garage may be a possibility worth exploring. ............................................................................................................................................................................................................................................. THE weakest asset of the property is its Non-Loanable Condition due to vandalism from squatters and deferred maintenance. Accordingly, Only CASH Offers will be accepted. Additionally, it should be noted that the property is part of a PROBATE SALE. ............................................................................................................................................................................................................................................. DO NOT DISTRUB TENANTS or Walk onto the property without an advance scheduled appointment and listing agent present.

Listed by James Trousil | BRE #01020881 | Pleasant Home Realty
Last checked: 13 minutes ago | Last updated: September 21st, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
5,209
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
RS22157108
City
Long Beach
County
Los Angeles
Time on Site
653 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $81,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,200
  • Electric: $0
  • Trash: $0
  • Insurance: $2,476
  • Water/Sewer: $2,400

Property Details for 5981 Lime Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Kitchen, Laundry, Living Room
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Open Floorplan
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Asphalt, Uncovered
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7124017017
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: None
  • Offered With Property: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: East of the 710 Freeway, South of the 91 Freeway, North of South St., East of Atlantic Blvd.
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 5981 Lime Ave

Last sold for $750,000 on September 19th, 2022

  • September, 2022

  • Sep 19, 2022

    Date

    Sold

    CRMLS: RS22157108

    $750,000

    Price

  • Jul 17, 2022

    Date

    Active

    CRMLS: RS22157108

    $722,499

    Price

Tax History for 5981 Lime Ave

Assessed Value (2020): $79,523
Year Land Value Improved Value Assessed Value
2020 $19,699 $59,824 $79,523

Home Value Compared to the Market

This property vs the competition

5981 Lime Ave sold on September 19, 2022 for 9.69% 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 $340.8 per/sqft which puts the price per square foot 46.08% lower than the current median sale per square foot for the city of Long Beach.

About 5981 Lime Ave

Detailed summary of property

5981 Lime Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 16 bedrooms, 16 bathrooms, roughly 2,120 living square feet, and sits on an approximately 5,209 square foot lot. 5981 Lime Ave was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $750,000. 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 9.69% lower than the current median priced home. Local homes that are currently for sale include 2117 E 112th St, 333 W 8th St and 11111 Wilmington Ave. While the average home in Long Beach, CA is selling in 53 days, 5981 Lime Ave has a days on market of 21 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 5981 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 5981 Lime Ave

Public county record property details
Beds
4
Baths
4
Year built
1966
Sq. Ft.
2,120
Lot Size
5,209
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7124-017-017

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
61
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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