Seller's Agent in 2021
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
2 in this area
140 Total Sales
555 E 3rd St Long Beach, CA 90802
East Village NeighborhoodEstimated Value: $1,190,053
1
Bed
1
Bath
1,926
Sq Ft
$618/Sq Ft
Est. Value
Highlights
- 0.09 Acre Lot
- Laundry Room
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- Level Lot
About This Home
As of December 2021553-555 E 3rd Street is a unique fully VACANT duplex located in Downtown Long Beach, just a short commute to Long Beach Waterfront, Long Beach Convention Center, and the Aquarium of the Pacific. The 2-unit was built in 1957, but recently remodeled, and consisting of 1,926 SF of living space situated on a 3,894 SF lot. 553-555 E 3rd Street offers a unit mix consisting of (2) 1-Bed/1-Bath, which can be used as retail, residential space, or both. The property features open parking inside it’s private property gate.
Located in one of the strongest rental markets in California and currently performing above a 3.5% cap rate - this is an excellent opportunity for an owner/user or a potential investor to obtain 30-year fixed residential financing while rates are at a historic low.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/28/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 3,894 Sq Ft Lot
- 1 Common Wall
- Level Lot
Home Design
- Property Attached
Interior Spaces
- 1,926 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Utilities
- Private Water Source
Listing and Financial Details
- Legal Lot and Block 26 / 76
- Tax Tract Number 11933
- Assessor Parcel Number 7281011026
Community Details
Overview
- 2 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $1,445
- Maintenance Expense $1,868
- Other Expense $1,600
- New Taxes Expense $14,487
- Operating Expense $20,600
- Gross Income $60,412
- Net Operating Income $39,812
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 8, 2019
Sold by
Appleby Phillip Richard
Bought by
The Phillip R Appleby Family Trust
Current Estimated Value
Purchase Details
Closed on
Jul 5, 2000
Sold by
Downs Nancy L and The 2000 Nancy L Downs Revocab
Bought by
Downs Nancy L and The 2000 Nancy L Downs Revocable Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
8.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 11, 2000
Sold by
Downs Nancy L
Bought by
Downs Nancy L and 2000 Nancy L Downs Revocable Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| The Phillip R Appleby Family Trust | -- | None Available | |
| Downs Nancy L | -- | Stewart Title | |
| Downs Nancy L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Downs Nancy L | $122,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2021 12/23/21 | Sold | $1,153,000 | +4.8% | $599 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 08/11/2021 08/11/21 | For Sale | $1,100,000 | 0.0% | $571 / Sq Ft |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- |
| 07/28/2021 07/28/21 | For Sale | $1,100,000 | -- | $571 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $17,291 | $1,223,571 | $310,933 | $912,638 |
| 2024 | $16,547 | $1,199,581 | $304,837 | $894,744 |
| 2023 | $16,242 | $1,176,060 | $298,860 | $877,200 |
| 2022 | $15,259 | $1,153,000 | $293,000 | $860,000 |
| 2021 | $3,844 | $212,728 | $128,090 | $84,638 |
| 2020 | $3,810 | $210,548 | $126,777 | $83,771 |
| 2019 | $3,752 | $206,421 | $124,292 | $82,129 |
| 2018 | $3,572 | $202,374 | $121,855 | $80,519 |
| 2016 | $3,291 | $194,518 | $117,124 | $77,394 |
| 2015 | $3,172 | $191,597 | $115,365 | $76,232 |
| 2014 | $3,136 | $187,845 | $113,106 | $74,739 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Lyon
-
Jimmy Syamphone
Buyer's Agent in 2021
Jimmy Syamphone
HomeSmart Realty West
(858) 337-7289
1 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21165871
APN: 7281-011-026
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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