6552 Orange Ave Long Beach, CA 90805

$865,000 Sold Price as of 04/16/2019

7 Beds
4 Baths
4,250 Sq.Ft.

Off Market

$865,000 Sold Price as of 04/16/2019 Refinance Your Mortgage

Map preview of 6552 Orange Ave, Long Beach, CA 90805

Property Overview: 6552 Orange Ave Long Beach, CA has 7 bedrooms, 4 bathrooms, 4,250 living square feet and 5,506 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

6552 Orange Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $779,900. The median price per/sqft for Long Beach is $647. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $155,980 for the down payment and will need roughly $15,598 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 6552 Orange Ave

Last sold for $865,000 on April 16th, 2019

January, 2024
Jan 27, 2024

Date

Expired

CRMLS: PW23139581

$1,299,000

Price
Jul 28, 2023

Date

Active

CRMLS: PW23139581

$1,375,000

Price
Listing provided courtesy of CRMLS

6552 Orange Ave is a highly sought after 1981 constructed 4-unit apartment building with an attractive unit mix comprised of (1) Three- Bedroom/One-Bathroom, (2) Two- Bedroom/One-Bathroom, and (1) Studio/One-Bathroom. According to county records, the building is comprised of 4,250 +/- of rentable square feet on a 5,576 square foot lot. This is a great value-add opportunity for any investor seeking to benefit from an achievable 40% +/- upside in rental revenue. Current ownership has professionally maintained the asset and has completed several capital improvements to select units including new paint, new flooring, kitchen updates, window updates, copper plumbing and updated bathroom features, making for a hassle-free transition for the new owner. The property also features an off-street parking lot for up to 10 cars and an on-site laundry room generating additional income. Each unit is individually metered for gas and electric and the property’s landscaping needs are extremely low in maintenance costs. This property sits (15) minutes from Long Beach Airport, (30) minutes from LAX Airport, and a mere (3) minutes from major LA County highway I-91, providing easy access to Los Angeles. In addition to being situated in a regional economic and cultural city, this property has the potential for substantial cash flow which should continue to drive both population growth and increased median household income, which ultimately provides much optimism for continued rent growth within the submarket moving forward.

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April, 2019
Apr 16, 2019

Date

Sold

CRMLS: PW19045547

$865,000

Price
Mar 13, 2019

Date

Pending

CRMLS: PW19045547

$899,000

Price
Mar 4, 2019

Date

Active

CRMLS: PW19045547

$899,000

Price
Listing provided courtesy of CRMLS

FIRST TIME ON THE MARKET IN 34 YEARS! PRIDE OF OWNERSHIP BUILDING! PRIME 1980's construction. Unit Mix: (1) 3 Bedrooms/ 1 Bathroom, (2) 2 Bedrooms/ 1 Bathroom, and 1 Studio. 3 legal units and 1 non conforming 4th unit. Large open floor plans 4,250 Sq. Ft. on a 5,576 Sq. Ft. Lot. Parking for up to 10 cars in the back open lot area. Onsite laundry brings additional income. All month to month leases. Huge upside in rents. Individually metered for gas & electric. No rent control in Long Beach. Hurry this property will not last long!

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April, 2019
Apr 16, 2019

Date

Sold (Public Records)

Public Records

$865,000

Price

Tax History for 6552 Orange Ave

Assessed Value (2020): $882,300

Year	Land Value	Improved Value	Assessed Value
2020	$306,000	$576,300	$882,300

About 6552 Orange Ave

Detailed summary of property

6552 Orange Ave is categorized with a use code of Triplex (3 Units, Any Combination) in Long Beach, CA 90805 and last sold on April 16, 2019 for $865,000. This property has 7 bedrooms, 4 bathrooms, roughly 4,250 living square feet, and sits on an approximately 5,506 square foot lot. Homes 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 5.62% higher than the current median priced home. 6552 Orange Ave was last sold on April 16, 2019 for $865,000. Local nearby listings include 1903 E 59th St, 1909 E 59th St and 5827 Gaviota Ave. The average home in Long Beach, CA is selling in 64 days. There are currently 781 homes for sale in the Long Beach real estate market and 421 of them are single family homes while 336 of them are condos and 22 are townhomes. If you are the homeowner and looking to sell the home at 6552 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 6552 Orange Ave

Public county record property details

Beds: 7
Baths: 4
Year built: 1981
Sq. Ft.: 4,250
Lot Size: 5,506
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 162
APN: 7114-013-051

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

Median Sale to List Price %

101.89%

Avg Days on Market

Loan Type

Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

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