$370,000
SOLD MAR 28, 2025

5500 Ackerfield Ave Unit 407 Long Beach, CA 90805

Paramount Neighborhood
2 Beds
1 Bath
876 Sq Ft
$350/mo HOA Fee

Recently Sold

$422 Per Sq Ft

3% Above List Price

121 Days on Market

Highlights

  • Gated Community
  • Courtyard Views
  • Eat-In Kitchen
  • 3.97 Acre Lot
  • Community Pool
  • Living Room

About This Home

As of March 2025

**BACK ON THE MARKET!** This a 2-bedroom, 1-bath condo with plenty of potential and great investor opportunity! Located moments from nearby Davenport Park and just over a mile from Lakewood Mall and close to the newly built Long beach Exchange shopping center. This gated community offers a convenient laundry room with plenty of washers and dryers, as well as a community pool, and this unit offers two assigned parking spaces at 221 and 225. BRAND NEW WATER HEATER! Conveniently located near shopping, the 91 and 710 freeways.

Last Agent to Sell the Property

Jody Clegg

Compass Brokerage Phone: 714-515-7052 License #01230876 Listed on: 10/23/2024

Compass

Co-Listed By

Claire Kirksey

Compass Brokerage Phone: 714-515-7052 License #02176974

Last Buyer's Agent

Ingrid Chavez

Ingrid Chavez, Broker License #01923390

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1968

HOA Fees

  • $350 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 876 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Courtyard Views
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • 1 Common Wall
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 35130
  • Assessor Parcel Number 7157012185
  • $279 per year additional tax assessments

Community Details

Overview

  • 226 Units
  • True Community Association
  • Ackerfield Condos Subdivision

Recreation

  • Community Pool

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 1968

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Ad Number: 7147179715
  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: Ackerfield Condos (AC)
  • View: Yes
  • Zoning: LBR4R
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7157012185
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 876.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 2
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 422.37
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Courtyard
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 350.00
  • Association Fee Frequency: Monthly
  • Association Name: True Community
  • Phone: 310217404
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: True Community

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 172811.00
  • Lot Size Acres: 3.9672

Multi Family

  • Lease Considered: No
  • Lot Size Area: 172811.0000 Square Feet
  • Number Of Units In Community: 226
  • Number Of Units Total: 226

Tax Info

  • Tax Census Tract: 5706.03
  • Tax Lot: 1
  • Tax Tract Number: 35130
  • TaxOtherAnnualAssessmentAmount: 279.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2024
Sold by
Lunagaria Bharti and Lunagaria Ravji
Bought by
Granados Cristian Josue and Avila Lizette
Current Estimated Value
$373,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,900
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2016
Closed on
Jul 19, 2016
Sold by
Powell Denise
Bought by
Lenagaria Ravji and Lunagaria Bha Rti
Seller's Agent
Griselda Lozano
Nexteam Real Estate
Buyer's Agent
Vinod Dudheker
Vinpro Realty
List Price
$192,900
Sold Price
$188,000
Premium/Discount to List
-$4,900
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%

Purchase Details

Closed on
Mar 28, 2005
Sold by
Vanderhorst Herbie
Bought by
Powell Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
6.37%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 8, 2002
Sold by
Bartley Joy E
Bought by
Vanderhorst Herbie
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

Date Type Sale Price Title Company
Grant Deed $370,000 First American Title Company
Grant Deed $188,000 Title 365
Grant Deed $195,000 Southland Title Corporation
Interfamily Deed Transfer -- Southland Title Corporation
Grant Deed $118,000 Ltc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $358,900 New Conventional
Previous Owner $165,750 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $370,000 +2.8% $422 / Sq Ft
12/23/2024 12/23/24 For Sale $360,000 -2.7% $411 / Sq Ft
12/21/2024 12/21/24 Off Market $370,000 -- --
12/03/2024 12/03/24 Price Changed $360,000 -1.4% $411 / Sq Ft
11/09/2024 11/09/24 Price Changed $365,000 -1.4% $417 / Sq Ft
10/23/2024 10/23/24 For Sale $370,000 +96.8% $422 / Sq Ft
08/11/2016 08/11/16 Sold $188,000 -2.5% $215 / Sq Ft View Prior Sale
08/09/2016 08/09/16 For Sale $192,900 0.0% $220 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $192,900 -- $220 / 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 $2,875 $218,184 $96,558 $121,626
2024 $2,875 $213,907 $94,665 $119,242
2023 $2,818 $209,713 $92,809 $116,904
2022 $2,737 $205,602 $90,990 $114,612
2021 $2,668 $201,571 $89,206 $112,365
2019 $2,736 $195,594 $86,561 $109,033
2018 $2,551 $191,760 $84,864 $106,896
2016 $2,314 $194,000 $129,000 $65,000
2015 $1,629 $140,000 $93,300 $46,700
2014 $1,702 $140,000 $93,300 $46,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24217899

California Regional Multiple Listing Service (CRMLS)

APN: 7157-012-185