NOT LISTED FOR SALE

485 E 55th St Long Beach, CA 90805

Dairy Neighborhood
-- Bed
-- Bath
4,942 Sq Ft
7,052 Sq Ft Lot

Last Sold December 12, 2012

Last sale price $640,000 $130 Per Sq Ft

31 Days on Market

About This Home

As of December 2012

6 UNITS APARTMENT WITH SEPARATE ELECTRICAL,GAS AND WATER METER.6 CARPORT PARKING SPACE + SPACIOUS DRIVEWAY. LAMINATE WOOD FLOORING. NICE FLOOR PLAN. 4 UNITS WITH 2 BEDROOMS/1 BATH, RENT FOR $1050, 2 UNITS WITH 1 BEDROOM /1 BATH, RENT FOR $875 & 950. VERY CONVENIENT LOCATION, CLOSE TO FWY, SHOPPING.

Last Agent to Sell the Property

Grace Huang

Presidential Incorporated License #00966678 Listed on: 09/15/2012

Last Buyer's Agent

Miles Evans

Park Estates Realty License #00810763

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,052

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,942 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Gas Oven or Range
  • Range

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • 7,052 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Tax Lot 900
  • Tax Tract Number 5134
  • Assessor Parcel Number 7127024041

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $381
  • Insurance Expense $4,340
  • Maintenance Expense $900
  • Other Expense $2,555
  • Professional Management Expense $3,650
  • Water Sewer Expense $2,108
  • New Taxes Expense $8,805
  • Gross Income $6,025
  • Net Operating Income $36,847

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.42
  • Professional Management Expense: 3650.00
  • View: No
  • Water Sewer Expenses: 2108.00
  • Property Type: Residential Income
  • Parcel Number: 7127024041
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 129.50

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7052.00
  • Lot Size Acres: 0.1620

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 850
  • Electric Expense: 381.00
  • Gross Income: 6025.00
  • Gross Multiplier: 9.41
  • Gross Scheduled Income: 72300.00
  • Insurance Expense: 4340.00
  • Maintenance Expense: 900.00
  • Net Operating Income: 36847.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 28223.00
  • Other Expense: 2555.00
  • Other Expense Description: REPAIRS
  • Total Actual Rent: 50800.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 8805.00
  • Tax Area: 4992
  • Tax Lot: 900
  • Tax Tract Number: 5134

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

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2012 12/12/12 Sold $640,000 -5.9% $130 / Sq Ft
10/16/2012 10/16/12 Pending -- -- --
09/15/2012 09/15/12 For Sale $680,000 -- $138 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Grace Huang

    Presidential Incorporated

    (949) 654-2626

    17 Total Sales

    Grace Huang
    Section Image

  • M

    Buyer's Agent in 2012

    Miles Evans

    Park Estates Realty

    (562) 430-5080

    28 Total Sales

    Miles Evans
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S712058

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Dairy

485 E 55th 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