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607 E 59th St Long Beach, CA 90805

$1,200,000 Sold Price as of 09/15/2022

4 Beds
5 Baths
3,160 Sq.Ft.

Sold

$1,200,000 Sold Price as of 09/15/2022 Refinance Your Mortgage

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Map preview of 607 E 59th St, Long Beach, CA 90805

Property Overview: 607 E 59th St Long Beach, CA has 4 bedrooms, 5 bathrooms, 3,160 living square feet and 5,353 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Corner Lot!! 2 Separate Buildings one residential and one commercial!!! 2 retail offices facing Atlantic Ave and on the back facing 59th St there is a 3 beds/2 bath house with paid SOLAR PANELS, and the second residential unit is a 1 bed/ 1 bath. This property is ideal for a buyer to run his own business, live in one of the residential units and collect other rents. This 4-plex is located on a busy street with lots of visibility, The Michelle Obama Library is right in front. ...Please do not disturb tenants.

Listed by MARCO VIDAL | BRE #01226850 | MARCO VIDAL, BROKER

Last checked: 13 minutes ago | Last updated: September 16th, 2022 | Source CRMLS | DOM: 460

Home details

Lot Sq. Ft: 5,353
HOA Dues: $0/mo
Year built: 1940
Garage: --
Property Type:: Mixed Use

Status: Sold
MLS#: IV21120469
City: Long Beach
County: Los Angeles
Time on Site: 1076 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2
# of Leased Units: 3
# of Electric Meters: 3
# of Gas Meters: 1
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,700

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,400

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,250
Total Rent: $1,250
Pro Forma/Market Rent: $1,400

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,700

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $57,000
Net Operating Income: $50,840
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $6,160
Electric: $1,072
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $3,000
Water/Sewer: $2,088

Property Details for 607 E 59th St

Interior Features

Cooling Information

No Cooling
None

Heating Information

No Heating
None

Laundry Information

Has Laundry
In Kitchen, Washer Hookup

Fireplace Information

No Fireplace
None

Interior Features

Levels: One

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 2

Lot Information

Lot Features: Corner Lot
Lot Size Source: Assessor
Common Interest: None

Property Information

Has View
View: Neighborhood
Common Walls: 2+ Common Walls
Total # of Units: 4
Parcel Number: 7124017014
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Location / Neighborhood

Location Information

Subdivision Name: North Long Beach (NLB)
Directions: Corner of Atlantic and 59th St
Road Frontage Type: City Street

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 607 E 59th St

Last sold for $1,200,000 on September 15th, 2022

December, 2021
Dec 24, 2021

Date

Price Change

CRMLS: IV21120469

$1,249,900

Price
Sep 8, 2021

Date

Price Change

CRMLS: IV21120469

$1,350,000

Price
Sep 8, 2021

Date

Active

CRMLS: IV21120469

$1,395,000

Price
Sep 8, 2021

Date

Hold

CRMLS: IV21120469

$1,395,000

Price
Jul 9, 2021

Date

Price Change

CRMLS: IV21120469

$1,395,000

Price
Jun 5, 2021

Date

Active

CRMLS: IV21120469

$1,400,000

Price
July, 2019
Jul 8, 2019

Date

Sold (Public Records)

Public Records

$755,000

Price
July, 2019
Jul 6, 2019

Date

Canceled

CRMLS: PW19103203

$950,000

Price
May 7, 2019

Date

Price Change

CRMLS: PW19103203

$950,000

Price
May 7, 2019

Date

Active

CRMLS: PW19103203

$799,000

Price
Listing provided courtesy of CRMLS

Corner Lot, 2 separate buildings one Residential the other commercial; 2 retail offices facing Atlantic Ave one rented for $1200/Month the other rented for $1500/Month. This commercial building has new roof. On the back there is a 3 beds/2 bath house with paid SOLAR PANELS rented for $1875/Month to a very long term tenant, rent is low could easily be $2500/Month. and the last residential unit is a 1bed/1bath rented for $1200/Month. Ideal for a buyer to run his own business and live in the back and collect the other rents. This 4-plex is located on a very busy street with lots of visibility, the new Michelle Obama Library is right in front. Please do not disturb tenants and send an offer subject to interior inspection. No rent control.

Continue Reading
July, 2019
Jul 6, 2019

Date

Sold

CRMLS: PW19103221

$755,000

Price
Jun 20, 2019

Date

Pending

CRMLS: PW19103221

$950,000

Price
May 9, 2019

Date

Active

CRMLS: PW19103221

$950,000

Price
Listing provided courtesy of CRMLS

Very busy corner lot with high visibility, located in front of new Michelle Obama library with easy access to freeways 710 and 91. Property is mix use; with 2 commercial retail stores rented for $1200/Month and $1500/Month, then on the back of the commercial building there is a separate residential duplex one unit is 3 beds/2bath rented to a very long term tenant for $1875/Month and a 1 bed/1 bath unit rented for $1200/Month. The residential duplex has PAID SOLAR panels and the 3 beds/2bath rent is low, with room to increase rent, can easily be $2500/Month. Each tenant is month to month, and there is no rent control here. Please do not disturb tenants, drive by only and send offer subject to interior inspection. Always rented 4-plex perfect for running your own business and living on the house on the back and collecting the other 2 rentals.

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April, 2019
Apr 6, 2019

Date

Canceled

CRMLS: PW18126851

$748,900

Price
Mar 25, 2019

Date

Price Change

CRMLS: PW18126851

$748,900

Price
Mar 18, 2019

Date

Price Change

CRMLS: PW18126851

$749,900

Price
Feb 18, 2019

Date

Price Change

CRMLS: PW18126851

$755,000

Price
Feb 14, 2019

Date

Price Change

CRMLS: PW18126851

$759,000

Price
Feb 9, 2019

Date

Price Change

CRMLS: PW18126851

$762,000

Price
Feb 4, 2019

Date

Price Change

CRMLS: PW18126851

$764,000

Price
Jan 28, 2019

Date

Price Change

CRMLS: PW18126851

$765,000

Price
Jan 25, 2019

Date

Price Change

CRMLS: PW18126851

$770,000

Price
Jan 15, 2019

Date

Price Change

CRMLS: PW18126851

$794,900

Price
Jan 15, 2019

Date

Price Change

CRMLS: PW18126851

$795,000

Price
Jan 8, 2019

Date

Price Change

CRMLS: PW18126851

$799,900

Price
Jan 5, 2019

Date

Active

CRMLS: PW18126851

$889,900

Price
Dec 30, 2018

Date

Expired

CRMLS: PW18126851

$889,900

Price
Oct 29, 2018

Date

Price Change

CRMLS: PW18126851

$889,900

Price
Oct 23, 2018

Date

Price Change

CRMLS: PW18126851

$898,000

Price
Oct 18, 2018

Date

Price Change

CRMLS: PW18126851

$899,000

Price
Oct 6, 2018

Date

Price Change

CRMLS: PW18126851

$910,000

Price
Oct 6, 2018

Date

Price Change

CRMLS: PW18126851

$913,900

Price
Sep 30, 2018

Date

Price Change

CRMLS: PW18126851

$914,900

Price
Sep 30, 2018

Date

Active

CRMLS: PW18126851

$923,900

Price
Sep 28, 2018

Date

Pending

CRMLS: PW18126851

$923,900

Price
Aug 29, 2018

Date

Active Under Contract

CRMLS: PW18126851

$923,900

Price
Aug 22, 2018

Date

Price Change

CRMLS: PW18126851

$923,900

Price
Aug 17, 2018

Date

Price Change

CRMLS: PW18126851

$924,900

Price
Aug 15, 2018

Date

Price Change

CRMLS: PW18126851

$929,900

Price
Aug 15, 2018

Date

Price Change

CRMLS: PW18126851

$939,900

Price
Aug 11, 2018

Date

Price Change

CRMLS: PW18126851

$949,900

Price
Aug 9, 2018

Date

Price Change

CRMLS: PW18126851

$969,000

Price
Jul 27, 2018

Date

Price Change

CRMLS: PW18126851

$989,000

Price
Jul 14, 2018

Date

Price Change

CRMLS: PW18126851

$999,900

Price
Jun 17, 2018

Date

Active

CRMLS: PW18126851

$1,049,900

Price
Listing provided courtesy of CRMLS

NO RENT CONTROL !!! This incredible 4 units mix use investment opportunity is a CORNER LOT and shows two separate buildings, one commercial and the other totally residential... TWO units located on Atlantic Ave (5900 Atlantic Ave rented for $1200/M and 5902 Atlantic Ave is been use by the owners for the past 15 years, rent of $1500 is estimated). This building has a brand new ROOF The second building contains 2 residential units having address on 59th ST (607 E. 59th ST is a 3 beds/2bath house rented for $1875/M and 607 1/2 is a 1 bed/1bath unit rented for $1200/M). The brand new Michelle Obama Library is right in front with City plans to start new construction. Beautiful opportunity to acquire a cash flow property located on an upcoming area. Facing a very busy street with over 10,000 cars passing by day which make it a perfect place to own your business and even live on the house on the back. Most office equipment is included on the sale!!!

Continue Reading
April, 2019
Apr 6, 2019

Date

Canceled

CRMLS: PW18126506

$748,900

Price
Mar 25, 2019

Date

Price Change

CRMLS: PW18126506

$748,900

Price
Mar 18, 2019

Date

Price Change

CRMLS: PW18126506

$749,900

Price
Feb 18, 2019

Date

Price Change

CRMLS: PW18126506

$755,000

Price
Feb 14, 2019

Date

Price Change

CRMLS: PW18126506

$759,000

Price
Feb 9, 2019

Date

Price Change

CRMLS: PW18126506

$762,000

Price
Feb 4, 2019

Date

Price Change

CRMLS: PW18126506

$764,000

Price
Jan 28, 2019

Date

Price Change

CRMLS: PW18126506

$765,000

Price
Jan 25, 2019

Date

Price Change

CRMLS: PW18126506

$770,000

Price
Jan 15, 2019

Date

Price Change

CRMLS: PW18126506

$794,900

Price
Jan 15, 2019

Date

Price Change

CRMLS: PW18126506

$795,000

Price
Jan 8, 2019

Date

Price Change

CRMLS: PW18126506

$799,000

Price
Jan 3, 2019

Date

Price Change

CRMLS: PW18126506

$849,000

Price
Jan 2, 2019

Date

Price Change

CRMLS: PW18126506

$869,900

Price
Dec 31, 2018

Date

Price Change

CRMLS: PW18126506

$879,900

Price
Oct 29, 2018

Date

Price Change

CRMLS: PW18126506

$889,900

Price
Oct 23, 2018

Date

Price Change

CRMLS: PW18126506

$898,000

Price
Oct 23, 2018

Date

Price Change

CRMLS: PW18126506

$889,000

Price
Oct 18, 2018

Date

Price Change

CRMLS: PW18126506

$899,000

Price
Oct 6, 2018

Date

Price Change

CRMLS: PW18126506

$910,000

Price
Oct 6, 2018

Date

Price Change

CRMLS: PW18126506

$913,900

Price
Sep 30, 2018

Date

Price Change

CRMLS: PW18126506

$914,900

Price
Sep 30, 2018

Date

Active

CRMLS: PW18126506

$923,900

Price
Aug 29, 2018

Date

Pending

CRMLS: PW18126506

$923,900

Price
Aug 22, 2018

Date

Price Change

CRMLS: PW18126506

$923,900

Price
Aug 17, 2018

Date

Price Change

CRMLS: PW18126506

$924,900

Price
Aug 15, 2018

Date

Price Change

CRMLS: PW18126506

$929,900

Price
Aug 15, 2018

Date

Price Change

CRMLS: PW18126506

$939,900

Price
Aug 11, 2018

Date

Price Change

CRMLS: PW18126506

$949,900

Price
Aug 9, 2018

Date

Price Change

CRMLS: PW18126506

$969,000

Price
Jul 27, 2018

Date

Price Change

CRMLS: PW18126506

$989,000

Price
Jul 14, 2018

Date

Price Change

CRMLS: PW18126506

$999,900

Price
Jun 17, 2018

Date

Price Change

CRMLS: PW18126506

$1,049,900

Price
May 29, 2018

Date

Active

CRMLS: PW18126506

$1,099,000

Price
Listing provided courtesy of CRMLS

NO RENT CONTROL !!! Corner lot with 2 separate buildings one commercial other residential; 2 retail offices facing Atlantic Ave with brand new ROOF, one rented to an entrepreneur mobile car shop for $1200/M, the other is seller occupy and could be rented for $1500 (estimated). On the second building on the back there is a large 3 beds/2bath house with paid SOLAR PANELS and rented for $1875/M to a very long term tenant, and next to it a 1 bed/1bath unit rented for $1200/M both with entrance on 59th ST. Ideal for a buyer who wants to run his own business and live on the back house. Tenants are aware of the sale and are cooperating with it, so is very easy to show!!! Seller is the listing agent and holds a CA real estate broker license. Most office equipment is included on the sale!!!

Continue Reading
March, 2013
Mar 19, 2013

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 607 E 59th St

Assessed Value (2020): $755,000

Year	Land Value	Improved Value	Assessed Value
2020	$600,000	$155,000	$755,000

Home Value Compared to the Market

This property vs the competition

607 E 59th St sold on September 15, 2022 for 56.24% 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 $395.54 per/sqft which puts the price per square foot 37.41% lower than the current median sale per square foot for the city of Long Beach.

About 607 E 59th St

Detailed summary of property

607 E 59th St is a mixed use that recently sold in Long Beach, CA 90805. This mixed use property offered 4 bedrooms, 5 bathrooms, roughly 3,160 living square feet, and sits on an approximately 5,353 square foot lot. 607 E 59th St was first listed on ArdentRealEstateGroup.com on June 5, 2021. The homeowner sold the property for $1,200,000. 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 56.24% higher than the current median priced home. Local homes that are currently for sale include 16291 Countess Dr #310, 2813 W Florence Ave and 7608 Painter Ave. While the average home in Long Beach, CA is selling in 51 days, 607 E 59th St has a days on market of 460 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 607 E 59th St 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 607 E 59th St

Public county record property details

Beds: 3
Baths: 2
Year built: 1940
Sq. Ft.: 2,570
Lot Size: 5,353
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 15
APN: 7124-017-014

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

$699,000

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%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 607 E 59th St

Nearby Homes for Sale

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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.

607 E 59th St Long Beach, CA 90805

Unit Mix Summary

Unit Breakdown 1

Unit Breakdown 2

Unit Breakdown 3

Unit Breakdown 4

Property Income and Analysis

Annual Expense Breakdown

Property Details for 607 E 59th St

Cooling Information

Heating Information

Laundry Information

Fireplace Information

Interior Features

Exterior Features

Parking/Garage Information

Lot Information

Property Information

Utilities Information

Location Information

Neighborhood Information

Local Long Beach Agent

Sale History for 607 E 59th St

Tax History for 607 E 59th St

Home Value Compared to the Market

About 607 E 59th St

Public Facts for 607 E 59th St

90805 Real Estate Sale History (Last 30 days)

Thinking of Selling?

Homes for Sale Near 607 E 59th St

Nearby Homes for Sale

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Recently Sold Homes Near 607 E 59th St

$1,200,000 Last Sold Price

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