NOT LISTED FOR SALE

160 E 57th St Long Beach, CA 90805

Dairy Neighborhood
2 Beds
2 Baths
5,656 Sq Ft
1964 Built

Last Sold July 25, 2018

Last sale price $1,565,000 $277 Per Sq Ft

28 Days on Market

About This Home

As of July 2018

Great Residential Street in North Long Beach. Tenants Love the proximity to the Freeways, Shopping and Entertainment. All 7 Units are 2 Br. 1 and 1/2 Bath. They actually have a Master Br. with the Half Bath and a Mirrored Make-up Ca mode. Two of the units have been Fully Re-habbed, with New White Shaker Cabinets, Grey Quartz< Laminate flooring and New fixtures and Appliances. There is an on-site Laundry and an area containing large floor to ceiling storage cabinets for the tenants use. Separately metered for Gas and Electric. Copper plumbing and roof is approx. 10 years old.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 04/13/2018

Estate Properties

Last Buyer's Agent

Ashraf Ahmed

Ashraf Ahmed, Broker License #01719072

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,395 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,656 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 13
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126011008

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $640
  • Fuel Expense $870
  • Gardener Expense $2,100
  • Insurance Expense $3,100
  • Maintenance Expense $4,442
  • Pest Control $250
  • Professional Management Expense $6,717
  • Water Sewer Expense $7,800
  • New Taxes Expense $19,800
  • Operating Expense $47,019
  • Net Operating Income $87,321

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.50
  • Other Phone Description: Agt. Cell
  • Other Phone Number: 310-480-8661
  • Professional Management Expense: 6717.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 7800.00
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 7126011008
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 276.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 5395.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 640.00
  • Fuel Expense: 870.00
  • Gross Multiplier: 11.87
  • Gross Scheduled Income: 134340.00
  • Insurance Expense: 3100.00
  • Maintenance Expense: 4442.00
  • Maintenance Percent: 3.30
  • Net Operating Income: 87321.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 47019.00
  • Rent Control: No
  • Total Expenses: 47019.00

Tax Info

  • New Taxes Expense: 19800.00
  • Tax Lot: 13
  • Tax Tract Number: 5992

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2018 07/25/18 Sold $1,565,000 -1.9% $277 / Sq Ft
05/01/2018 05/01/18 Price Changed $1,595,000 -3.3% $282 / Sq Ft
04/13/2018 04/13/18 For Sale $1,649,000 -- $292 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kirby Larson

    Seller's Agent in 2018

    Kirby Larson

    RE/MAX

    (310) 897-2257

    13 Total Sales

    Kirby Larson
    Section Image

  • A

    Buyer's Agent in 2018

    Ashraf Ahmed

    Ashraf Ahmed, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18089689

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90805 Dairy

160 E 57th St, Long Beach, CA

This home is located at 160 E 57th St, Long Beach, CA 90805 since 13 April 2018. This property was built in 1964. 160 E 57th St is a home located in Los Angeles County with nearby schools including Jane Addams Elementary School, Jordan High School, and Gethsemane Baptist Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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