Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
1 in Dairy
$379,000 Price
401 E 55th St Long Beach, CA 90805
Dairy Neighborhood
7
Beds
6
Baths
3,782
Sq Ft
4,371
Sq Ft Lot
Highlights
- Corner Lot
- Laundry Facilities
- 4-minute walk to Grace Park
About This Home
As of January 2026The Corner @ 55th offers an investor the opportunity to acquire a pride of ownership, professionally-managed property in an excellent rental market. The property has undergone numerous renovations, and contains an excellent unit mix of large 1 & 2-bedroom units. || Renovated Property Near Bixby Knolls || Excellent Mix of Large 1 & 2-Bedroom Units || Corner Location || Professionally-Managed || Possible ADU Conversion of Garages || 7.9% CAP on Current Rents
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 11/19/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,260
Year Built
- Built in 1963
Lot Details
- 4,371 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Parking
- 6 Open Parking Spaces
- 2 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,782 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 879
- Tax Tract Number 5134
- Assessor Parcel Number 7127024019
- $1,092 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $540
- Fuel Expense $540
- Gardener Expense $1,200
- Insurance Expense $2,677
- Maintenance Expense $3,000
- Other Expense $565
- Pest Control $720
- Trash Expense $540
- Water Sewer Expense $540
- New Taxes Expense $20,260
- Operating Expense $31,662
- Gross Income $300
- Net Operating Income $118,168
Additional Features
- 6 Units
- Laundry Facilities
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
Listed on
Nov 19, 2025
Closed on
Jan 15, 2026
Sold by
Bought by
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Garrett Blair
Morgan Skenderian
List Price
$1,500,000
Sold Price
$1,475,000
Premium/Discount to List
-$25,000
-1.67%
Views
9
Purchase Details
Listed on
Oct 3, 2016
Closed on
Nov 3, 2016
Sold by
Bought by
Seller's Agent
Alan Stassi
Pierside Realty, Inc.
Buyer's Agent
Alan Stassi
Pierside Realty, Inc.
List Price
$570,000
Sold Price
$580,000
Premium/Discount to List
$10,000
1.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.69%
Original Mortgage
$450,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 20, 2015
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Dairy, CA
-
Dave Shorter
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
111 Total Sales
1 in Dairy
$660,000 Price
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Dairy
$760,000 Price
-
Gonzalo Gomez
Gonzalo Gomez
EXCELLENCE RE REAL ESTATE
(562) 414-5730
39 Total Sales
1 in Dairy
$535,000 Price
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in Dairy
$351,000 Price
-
Gregory Jewett
Gregory Jewett
Lightning Real Estate
(818) 418-8546
41 Total Sales
1 in Dairy
$724,000 Price
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 |
|---|---|---|---|
| $1,475,000 | Ticor Title | ||
| $580,000 | North American 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 |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | $450,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 01/26/2026 01/26/26 | Sold | $1,475,000 | -1.7% | $390 / Sq Ft | |
| 01/19/2026 01/19/26 | Pending | -- | -- | -- | |
| 11/19/2025 11/19/25 | For Sale | $1,500,000 | +158.6% | $397 / Sq Ft | |
| 11/18/2016 11/18/16 | Sold | $580,000 | +1.8% | $153 / Sq Ft | View Prior Sale |
| 10/05/2016 10/05/16 | Pending | -- | -- | -- | |
| 10/03/2016 10/03/16 | For Sale | $570,000 | -- | $151 / 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 | $9,767 | $673,133 | $232,114 | $441,019 |
| 2024 | $9,309 | $659,935 | $227,563 | $432,372 |
| 2023 | $9,143 | $646,996 | $223,101 | $423,895 |
| 2022 | $8,599 | $634,311 | $218,727 | $415,584 |
| 2021 | $8,402 | $621,875 | $214,439 | $407,436 |
| 2019 | $8,281 | $603,432 | $208,080 | $395,352 |
| 2018 | $8,044 | $591,600 | $204,000 | $387,600 |
| 2016 | $5,032 | $364,010 | $76,988 | $287,022 |
| 2015 | $4,846 | $358,543 | $75,832 | $282,711 |
| 2014 | $4,843 | $351,521 | $74,347 | $277,174 |
Source: Public Records
Agents Affiliated with this Home
-
Doug Rodermund
Seller's Agent in 2026
Doug Rodermund
Morgan Skenderian
(949) 295-8560
1 in this area
36 Total Sales
-
Garrett Blair
Buyer's Agent in 2026
Garrett Blair
Morgan Skenderian
(949) 300-5610
1 in this area
6 Total Sales
-
A
Seller's Agent in 2016
Alan Stassi
Pierside Realty, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25263083
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.
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
Nearby Homes
- 473 E 55th St
- 489 E 55th St
- 341 E Ellis St
- 436 E Market St
- 318 E Market St
- 5447 Lime Ave
- 180 E 55th St
- 345 E 53rd St
- 5718 Linden Ave
- 350 E South St
- 5804 Linden Ave Unit 4
- 152 E Louise St
- 5816 Linden Ave Unit 2
- 5812 Linden Ave Unit 2
- 174 E Plymouth St
- 246 E Hullett St
- 5529 Dairy Ave
- 5876 Linden Ave Unit 2
- 5876 Linden Ave Unit 7
- 5876 Linden Ave Unit 5
- 439 E 55th St
- 437 E 55th St
- 433 E 55th St
- 445 E 55th St Unit 1
- 445 E 55th St Unit 6
- 445 E 55th St Unit 5,6
- 445 E 55th St
- 429 E 55th St
- 451 E 55th St
- 419 E 55th St
- 432 E Ellis St
- 440 E Ellis St
- 455 E 55th St Unit 2
- 448 E Ellis St
- 411 E 55th St
- 432 E 55th St
- 422 E Ellis St
- 444 E 55th St
- 428 E 55th St
- 454 E Ellis St
Your Personal Tour Guide
Ask me questions while you tour the home.