NOT LISTED FOR SALE

481 E 56th St Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $785,000 - $878,000

3 Beds
2 Baths
1,670 Sq Ft
$489/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $630,000 $377 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,009/month

7 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Stacked Washer and Dryer

About This Home

As of April 2021

LIVE IN ONE AND RENT THE OTHER OR RENT BOTH. FRONT UNIT IS ONE BEDROOM ONE BATHROOM, BACK UNIT HAS TWO BEDROOMS AND ONE BATH. SIXTEEN HUNDRED AND SEVENTY SQUARE FEET OF LIVING. TWO CAR ATTACHED GARAGE. GOOD SIZE YARD WITH A COVERED PATIO FOR BARBEQUES AND THOSE HOT SUMMER DAYS. CLOSE TO EVERYTHING MARKETS, STORES, GASOLINE, SHOPPING, CHURCHES, BUSES, EATERIES AND FREEWAY. DON'T MISS OUT ON THE EXCELLENT OPPORTUNITY OF BEING THE HOME OWNER OF THESE UNITS.

Last Agent to Sell the Property

Sergio Hernandez

Platinum Home Realty License #01012542 Listed on: 03/03/2021

Last Buyer's Agent

Alan Ramirez

REAL BROKERAGE TECHNOLOGIES License #01964515

REAL BROKERAGE TECHNOLOGIES

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,566 Sq Ft Lot
  • 1 Common Wall
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,670 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Stacked Washer and Dryer

Listing and Financial Details

  • Legal Lot and Block 27 / 3
  • Tax Tract Number 5966
  • Assessor Parcel Number 7127026041

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $456
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,472
  • Operating Expense $8,928
  • Gross Income $10,800
  • Net Operating Income $1,872

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7127026041
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 377.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 4566.00
  • Lot Size Acres: 0.1048

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 10800.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 456.00
  • Lot Size Area: 4566.0000 Square Feet
  • Net Operating Income: 1872.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8928.00
  • Rent Control: No
  • Total Expenses: 8928.00

Tax Info

  • New Taxes Expense: 5472.00
  • Tax Block: 3
  • Tax Census Tract: 5703.03
  • Tax Lot: 27
  • Tax Tract Number: 5966

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2014
Closed on
May 5, 2014
Sold by
Coast Equity Partners Llc
Bought by
Soto Jayson Carlos
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Sergio Hernandez
Platinum Home Realty
List Price
$379,900
Sold Price
$380,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$816,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,585
Avg. Annual Appreciation
6.79%
Original Mortgage
$373,117
Outstanding Balance
$282,674
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$533,911

Purchase Details

Closed on
Sep 19, 2013
Sold by
Wright Sonya
Bought by
Coast Equity Partners Llc

Purchase Details

Closed on
Sep 3, 2002
Sold by
Crofton Stephanie M
Bought by
Mccall Homer

Purchase Details

Closed on
Aug 28, 2002
Sold by
Mccall Cynthia
Bought by
Mccall Homer

Purchase Details

Closed on
Jun 28, 2002
Sold by
Mccall Homer
Bought by
Wright Sonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.25%

Purchase Details

Closed on
Jan 20, 2000
Sold by
Mccall Cynthia and Crofton Stephanie M
Bought by
Mccall Cynthia and Mccall Homer

Purchase Details

Closed on
Apr 28, 1999
Sold by
Austin Tommie E and Austin Helen M
Bought by
Mccall Cynthia and Crofton Stephanie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,262
Interest Rate
7.24%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Soto Jayson Carlos $380,000 Title 365
Coast Equity Partners Llc $269,000 Title 365
Mccall Homer -- South Coast Title
Mccall Homer -- South Coast Title
Mccall Homer -- --
Wright Sonya $215,000 South Coast Title
Mccall Cynthia -- --
Mccall Cynthia $149,500 South Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soto Jayson Carlos $373,117
Previous Owner Wright Sonya $172,000
Previous Owner Mccall Cynthia $148,262
Closed Wright Sonya $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Sold $630,000 +7.7% $377 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $585,000 +53.9% $350 / Sq Ft
05/07/2014 05/07/14 Sold $380,000 0.0% $258 / Sq Ft View Prior Sale
04/01/2014 04/01/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $379,900 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $8,765 $681,930 $324,729 $357,201
2024 $8,765 $668,560 $318,362 $350,198
2023 $8,618 $655,452 $312,120 $343,332
2022 $8,091 $642,600 $306,000 $336,600
2021 $5,554 $430,346 $203,848 $226,498
2020 $5,540 $425,934 $201,758 $224,176
2019 $5,476 $417,583 $197,802 $219,781
2018 $5,271 $409,396 $193,924 $215,472
2016 $4,849 $393,501 $186,395 $207,106
2015 $4,656 $387,592 $183,596 $203,996
2014 $3,367 $269,000 $139,000 $130,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sergio Hernandez

    Platinum Home Realty

    (562) 463-3345

    1 in this area

    11 Total Sales

    Sergio Hernandez
    Section Image
  • Alan Ramirez

    Buyer's Agent in 2021

    Alan Ramirez

    REAL BROKERAGE TECHNOLOGIES

    (626) 586-1360

    1 in this area

    38 Total Sales

    Alan Ramirez
    Section Image
  • Mark Perez

    Seller's Agent in 2014

    Mark Perez

    Circle Real Estate

    (562) 754-0660

    111 Total Sales

    Mark Perez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21042764

California Regional Multiple Listing Service (CRMLS)

APN: 7127-026-041

California Los Angeles County Long Beach 90805 Dairy

481 E 56th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes