NOT LISTED FOR SALE

5558 Dairy Ave Long Beach, CA 90805

Dairy Neighborhood
3 Beds
2 Baths
7,712 Sq Ft
8,278 Sq Ft Lot

Last Sold August 21, 2019

Last sale price $2,850,000 $370 Per Sq Ft

204 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • 4-minute walk to Burton W. Chace Park

About This Home

As of August 2019

5558-5562 Dairy Avenue is a completely remodeled 12-Unit turnkey asset offering an attractive mix of bright and spacious one- and two-bedroom units. Interiors feature brand new hardwood flooring, custom cabinetry, granite countertops, stainless steel appliances and modern lighting and fixtures throughout. The property is located in North Long Beach, an area that is beginning to see new residential, mixed-use and modern commercial space development.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 11/27/2018

Keller Williams Realty Downey

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 11/27/2018

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,278 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 7,712 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Listing and Financial Details

  • Tax Lot 6-8
  • Tax Tract Number 570304
  • Assessor Parcel Number 7126019022

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $1,650
  • Fuel Expense $1,650
  • Insurance Expense $3,085
  • Professional Management Expense $12,177
  • Trash Expense $1,650
  • Water Sewer Expense $1,650
  • New Taxes Expense $39,542
  • Operating Expense $69,604
  • Gross Income $243,533
  • Net Operating Income $173,929

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Professional Management Expense: 12177.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1650.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7126019022
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 369.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1650.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 8278.00
  • Lot Size Acres: 0.1900

Multi Family

  • Electric Expense: 1650.00
  • Fuel Expense: 1650.00
  • Gross Income: 243533.00
  • Gross Scheduled Income: 256350.00
  • Insurance Expense: 3085.00
  • Lot Size Area: 8278.0000 Square Feet
  • Net Operating Income: 173929.00
  • Number Of Units Total: 12
  • Operating Expense: 69604.00
  • Rent Control: No
  • Total Expenses: 69604.00

Tax Info

  • New Taxes Expense: 39542.00
  • Tax Census Tract: 5703.04
  • Tax Lot: 6-8
  • Tax Tract Number: 570304

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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 Prior Sale
08/21/2019 08/21/19 Sold $2,850,000 0.0% $370 / Sq Ft
02/19/2019 02/19/19 Off Market $2,850,000 -- --
11/27/2018 11/27/18 For Sale $3,100,000 +63.2% $402 / Sq Ft
02/16/2018 02/16/18 Sold $1,900,000 -5.0% $246 / Sq Ft View Prior Sale
11/07/2017 11/07/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $2,000,000 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2019

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    1 in this area

    76 Total Sales

    Robert Stepp
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18280490

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

5558 Dairy Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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