Gregory Jewett
Lightning Real Estate
(818) 418-8546
41 Total Sales
1 in Dairy
$724,000 Price
473 E 55th St Long Beach, CA 90805
Dairy Neighborhood
3
Beds
2
Baths
6,391
Sq Ft
6,963
Sq Ft Lot
Highlights
- Laundry Facilities
- Rectangular Lot
- 5-minute walk to Grace Park
About This Home
As of January 2024This asset is offered at an excellent 6.29 percent cap rate on current rents with nine percent rental upside. Furthermore, a new investor may want to explore the potential of developing two ADU’s (buyer to verify).
473 East 55th Street is a 1962 construction with a desirable mix of seven two-bed/one-bath units and one one-bed/one-bath unit. The building also offers on-site laundry and garage parking.
This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2023
Last Buyer's Agent
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 6,963 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 6 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,391 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 896
- Tax Tract Number 5134
- Assessor Parcel Number 7127024033
- $1,561 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Operating Expense $57,063
- Gross Income $172,404
- Net Operating Income $113,264
Additional Features
- 8 Units
- Laundry Facilities
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Dairy, CA
-
Gregory Jewett
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
38 Total Sales
1 in Dairy
$379,000 Price
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
106 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
40 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
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| Kohan Tanaz | -- | Commonwealth Land Title Compan | |
| Hampton Spaulding Llc | $1,425,000 | Commonwealth Land Title Compan | |
| Entrust Freedom Llc | -- | First American Title Company | |
| Entrust Freedom Llc | $144,000 | Fidelity National Title Co | |
| Rfc Equity Llc | -- | Advantage Title Inc | |
| 473 East 55Th Street Llc | $120,000 | None Available | |
| Wolford Shirley | $168,131 | Accommodation | |
| 473 East 55Th Street Llc | -- | None Available | |
| Estrada Rafael | -- | None Available | |
| Fe Family Inc | $7,500 | None Available | |
| Estrada Rafael | -- | None Available | |
| Estrada Rafael | $1,000,000 | Chicago Title Co | |
| Estrada Rafael | -- | Chicago Title Co | |
| Wolford Shirley Hayes | -- | Fidelity National Title | |
| Wolford William F | -- | Fidelity National Title |
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 | $1,350,000 | ||
| Previous Owner | Hampton Spaulding Llc | $1,264,250 | |
| Previous Owner | Entrust Freedom Llc | $1,000,000 | |
| Previous Owner | Estrada Rafael | $150,000 | |
| Previous Owner | Estrada Rafael | $750,000 | |
| Previous Owner | Wolford Shirley Hayes | $625,000 | |
| Previous Owner | Wolford Shirley Hayes | $130,000 | |
| Previous Owner | Wolford Shirley Hayes | $70,000 | |
| Previous Owner | Wolford Shirley Hayes | $425,000 | |
| Previous Owner | Wolford Shirley Hayes | $90,000 | |
| Previous Owner | Wolford Shirley Hayes | $43,000 | |
| Previous Owner | Wolford Shirley Hayes | $60,000 | |
| Previous Owner | Wolford Shirley Hayes | $28,000 | |
| Previous Owner | Wolford William F | $195,000 |
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 |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $1,425,000 | -20.8% | $223 / Sq Ft |
| 12/15/2023 12/15/23 | Pending | -- | -- | -- |
| 12/12/2023 12/12/23 | For Sale | $1,800,000 | -- | $282 / 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 |
|---|---|---|---|---|
| 2026 | $25,338 | $1,872,720 | $520,200 | $1,352,520 |
| 2025 | $25,338 | $1,836,000 | $510,000 | $1,326,000 |
| 2024 | $13,190 | $910,629 | $376,810 | $533,819 |
| 2023 | $12,719 | $892,774 | $369,422 | $523,352 |
| 2022 | $11,968 | $875,270 | $362,179 | $513,091 |
| 2021 | $11,690 | $858,109 | $355,078 | $503,031 |
| 2019 | $11,523 | $832,660 | $344,548 | $488,112 |
| 2018 | $11,141 | $816,335 | $337,793 | $478,542 |
| 2016 | $10,234 | $784,637 | $324,677 | $459,960 |
| 2015 | $9,842 | $772,852 | $319,801 | $453,051 |
| 2014 | $9,809 | $757,714 | $313,537 | $444,177 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
SB
Seller's Agent in 2024
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(424) 405-3826
1 in this area
76 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23224482
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
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