NOT LISTED FOR SALE

59 E 55th St Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $745,000 - $766,000

4 Beds
2 Baths
1,507 Sq Ft
$503/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $725,000 $481 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,082/month

29 Days on Market

Highlights

  • Lawn
  • Floor Furnace
  • 1-Story Property
  • Laundry Room
  • Carpet
  • 3-minute walk to Burton W. Chace Park

About This Home

As of July 2024

Ideal Investment Opportunity! This desirable duplex is located in a strong rental market close to DeForest Park and freeway access. Both units are 2 bedroom, 1 bath featuring vinyl windows, indoor laundry, yard space, 1-car garage and upgraded electrical panels. Back unit is well-maintained and shows nicely. Drive by only.

Last Agent to Sell the Property

Granger Riach

Y Realty Brokerage Phone: 562-400-3346 License #01011806 Listed on: 04/18/2024

Last Buyer's Agent

Krystal Allen

Keller Williams Coastal Prop. License #02035913

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,768 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,507 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace

Listing and Financial Details

  • Legal Lot and Block 40 / 30
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126026027
  • $475 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7126026027
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 481.09

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Walkstreet
  • Lot Size Sq Ft: 5768.00
  • Lot Size Acres: 0.1324
  • Latitude Manual: 33.85614700

Multi Family

  • Lot Size Area: 5768.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 30
  • Tax Census Tract: 5703.04
  • Tax Lot: 40
  • Tax Tract Number: 5992
  • TaxOtherAnnualAssessmentAmount: 475.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2024
Closed on
Jun 24, 2024
Sold by
Ruby Marden-Hoffman Trust and Freeman Wendy C
Bought by
Bridgette Isaiah J
Seller's Agent
Granger Riach
Y Realty
Buyer's Agent
Krystal Allen
Keller Williams Coastal Prop.
List Price
$719,000
Sold Price
$725,000
Premium/Discount to List
$6,000
0.83%
Views
115
Current Estimated Value
$757,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,790
Avg. Annual Appreciation
3.12%
Original Mortgage
$711,868
Outstanding Balance
$702,784
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$55,006

Purchase Details

Closed on
Aug 2, 2018
Sold by
Marden Hoffman Ruby
Bought by
Marden Hoffman Ruby and Ruby Marden Hoffman Trust

Purchase Details

Closed on
Mar 21, 2014
Sold by
Hoffman Peter D
Bought by
Peter Dennis Hoffman and Peter Ruby Marden

Purchase Details

Closed on
Aug 5, 2012
Sold by
Hoffman Cheri M
Bought by
Hoffman Peter D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Bridgette Isaiah J $725,000 Wfg National Title
Marden Hoffman Ruby -- None Available
Marden Hoffman Ruby -- None Available
Peter Dennis Hoffman -- None Available
Hoffman Peter D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bridgette Isaiah J $711,868
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $725,000 +0.8% $481 / Sq Ft
04/18/2024 04/18/24 For Sale $719,000 -- $477 / 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 $1,344 $725,000 $375,000 $350,000
2024 $1,344 $69,227 $31,786 $37,441
2023 $1,320 $67,870 $31,163 $36,707
2022 $1,254 $66,540 $30,552 $35,988
2021 $1,217 $65,236 $29,953 $35,283
2019 $1,201 $63,303 $29,065 $34,238
2018 $1,085 $62,063 $28,496 $33,567
2016 $996 $59,655 $27,391 $32,264
2015 $963 $58,760 $26,980 $31,780
2014 $971 $57,610 $26,452 $31,158
Source: Public Records

Agents Affiliated with this Home

  • Granger Riach

    Seller's Agent in 2024

    Granger Riach

    Y Realty

    (562) 400-3346

    1 in this area

    50 Total Sales

    Granger Riach
    Section Image

  • K

    Buyer's Agent in 2024

    Krystal Allen

    Keller Williams Coastal Prop.

    (562) 961-1400

    1 in this area

    3 Total Sales

    Krystal Allen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24077290

California Regional Multiple Listing Service (CRMLS)

APN: 7126-026-027

California Los Angeles County Long Beach 90805 Dairy

59 E 55th St, 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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