NOT LISTED FOR SALE

251 E 56th St Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $791,000 - $992,000

3 Beds
2 Baths
1,277 Sq Ft
$689/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2017

Last sale price $405,000 $317 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $5,508 / mo

2 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • South Facing Home
  • Private Yard
  • 1 Car Garage
  • Block Wall Fence

About This Home

As of May 2017

PRICED TO SELL!! INVESTORS WANTED!! This family heirloom is ready to be brought back to its full potential. Live in one and rent the other, fix and flip, or buy and hold. Cute neighborhood, close to freeways, schools, parks, and shopping. Property is in mostly original condition, copper plumbing throughout. Selling AS-IS with no warranties. Buyer to verify all information and do due diligence. Home inspection to be provided once completed.

Last Agent to Sell the Property

Kelly Haynes

Seven Gables Real Estate License #01962361 Listed on: 04/24/2017

Seven Gables Real Estate

Last Buyer's Agent

Kelly Haynes

Seven Gables Real Estate License #01962361 Listed on: 04/24/2017

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,484 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Block Wall Fence
  • Stucco Fence
  • Fence is in fair condition
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 1 Open Parking Space
  • Driveway
  • On-Street Parking

Home Design

  • 1,277 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126015027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $90
  • Insurance Expense $60
  • Trash Expense $60
  • Water Sewer Expense $75
  • Operating Expense $325
  • Gross Income $16,800
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

5,484 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 75.00
  • Zoning: LBR1N
  • Architectural Style: Ranch
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7126015027
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Stories: 1277
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 317.15
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Fair Condition, Stucco Wall
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 60.00
  • 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: 0-1 Unit/Acre, Front Yard, Yard
  • Lot Size Sq Ft: 5484.00

Multi Family

  • Electric Expense: 90.00
  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Insurance Expense: 60.00
  • Net Operating Income: 16800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 325.00

Tax Info

  • Tax Area: 4992
  • Tax Census Tract: 5703.03
  • Tax Lot: 45
  • Tax Rate: 3543.00
  • Tax Tract Number: 5992
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2019
Sold by
Bought by
Current Estimated Value
$879,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$631,053
Outstanding Balance
$555,266
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$324,636

Purchase Details

Closed on
Sep 14, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 10, 2017
Sold by
Bought by
Seller's Agent
Kelly Haynes
Seven Gables Real Estate
Buyer's Agent
Kelly Haynes
Seven Gables Real Estate
List Price
$449,000
Sold Price
$405,000
Premium/Discount to List
-$44,000
-9.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%

Purchase Details

Listed on
Apr 24, 2017
Closed on
May 5, 2017
Sold by
Bought by
Seller's Agent
Kelly Haynes
Seven Gables Real Estate
Buyer's Agent
Kelly Haynes
Seven Gables Real Estate
List Price
$449,000
Sold Price
$405,000
Premium/Discount to List
-$44,000
-9.8%

Purchase Details

Closed on
Nov 28, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$645,000 Provident Title
-- Provident Title Co
-- Provident Title Company
-- Fidelity National Title
$405,000 Fidelity National Title
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $631,053
Previous Owner $388,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $405,000 -9.8% $317 / Sq Ft
04/24/2017 04/24/17 For Sale $449,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,390 $705,399 $377,306 $328,093
2024 $8,964 $691,568 $369,908 $321,660
2023 $8,812 $678,008 $362,655 $315,353
2022 $8,272 $664,715 $355,545 $309,170
2021 $8,109 $651,682 $348,574 $303,108
2020 $8,172 $645,000 $345,000 $300,000
2019 $5,524 $421,362 $239,292 $182,070
2018 $5,310 $413,100 $234,600 $178,500
2016 $3,544 $280,860 $192,442 $88,418
2015 $3,405 $276,642 $189,552 $87,090
2014 $3,390 $271,224 $185,839 $85,385
Source: Public Records

Agents Affiliated with this Home

  • Kelly Haynes

    Seller's Agent in 2017

    Kelly Haynes

    Seven Gables Real Estate

    (714) 901-8981

    10 Total Sales

    Kelly Haynes
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17089533

California Regional Multiple Listing Service (CRMLS)

APN: 7126-015-027

California Los Angeles County Long Beach 90805 Dairy

251 E 56th St, Long Beach, CA

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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