Seller's Agent in 2024
Blair Newman
Coldwell Banker Envision
(562) 822-6532
1 in this area
79 Total Sales
220 E 57th St Long Beach, CA 90805
Dairy Neighborhood
10
Beds
9
Baths
4,681
Sq Ft
6,647
Sq Ft Lot
Highlights
- Corner Lot
- Laundry Room
- Block Wall Fence
- Lawn
- 7 Car Garage
- Carpet
About This Home
As of April 2024New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,418 GSI with rents, garages and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. (Garages are charged separately $75/garage.) Studio (10th unit) per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans have already been submitted and approved by the city with an extension, to convert studio and 2 garage spaces, to a 516 sq/ft ADU. Also included are additional plans (not submitted to the city) to convert 4 additional garage spaces to 697 sq/ft ADU with the potential of making 57th Street a 11-unit building. ADU plans are available upon request. Please do not disturb the tenants.
Last Agent to Sell the Property
Coldwell Banker Envision Brokerage Phone: 562-822-6532 License #01459316 Listed on: 09/29/2023
Last Buyer's Agent
Coldwell Banker Envision Brokerage Phone: 562-822-6532 License #01459316 Listed on: 09/29/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 6,647 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Corner Lot
- Sprinkler System
- Lawn
Parking
- 7 Car Garage
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Property Attached
- Entry on the 1st floor
- Flat Roof Shape
- Stucco
Interior Spaces
- 4,681 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 12 / 23
- Tax Tract Number 5992
- Assessor Parcel Number 7126012007
- $1,544 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,773
- Insurance Expense $5,623
- Maintenance Expense $21,795
- Other Expense $6,210
- Pest Control $630
- Professional Management Expense $12,741
- New Taxes Expense $28,994
- Operating Expense $49,680
- Gross Income $7,787
- Net Operating Income $119,505
Additional Features
- 9 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2024 04/11/24 | Sold | $1,850,000 | -7.5% | $395 / Sq Ft | |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- | |
| 02/04/2024 02/04/24 | Price Changed | $1,999,888 | -4.3% | $427 / Sq Ft | |
| 11/16/2023 11/16/23 | Price Changed | $2,090,000 | -7.1% | $446 / Sq Ft | |
| 09/29/2023 09/29/23 | For Sale | $2,250,000 | +124.2% | $481 / Sq Ft | |
| 12/11/2015 12/11/15 | Sold | $1,003,750 | +0.4% | $204 / Sq Ft | View Prior Sale |
| 10/09/2015 10/09/15 | Pending | -- | -- | -- | |
| 09/18/2015 09/18/15 | For Sale | $999,995 | -- | $203 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Blair Newman
-
Michael Millea
Seller's Agent in 2015
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23181804
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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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