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220 57th Street
Long Beach, CA 90805
Sold
New Price! Take advantage of this great opportunity on this 10-Unit apartment building just north of Bixby Knolls in North Long Beach. Brand-new dual pane vinyl windows just installed throughout, over $30k spent, entire exterior building just painted, over $10k spent. Eight (8) One bedroom/one-bathroom units and One (1) Two-bedroom/one-bathroom unit, and One (1) Studio; all separately metered for gas and electric. Some units have been updated as they have come available. Room to increase rents on several units! $174,418 GSI with rents, garages and laundry income. Private courtyard area with grass area, sprinklers and professionally landscaped. On-site laundry room as well as 7 garages which earn added income. (Garages are charged separately $75/garage.) Studio (10th unit) per tax records, is not permitted as a unit. If buyer desires to permit it after purchase, plans have already been submitted and approved by the city with an extension, to convert studio and 2 garage spaces, to a 516 sq/ft ADU. Also included are additional plans (not submitted to the city) to convert 4 additional garage spaces to 697 sq/ft ADU with the potential of making 57th Street a 11-unit building. ADU plans are available upon request. Please do not disturb the tenants.
PROPERTY INFORMATION
| MLS # | PW23181804 | Lot Size | 6,647 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,999,888
Price Per SqFt: $ 427 |
DOM | 589 Days |
| Address | 220 57th Street | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 4,681 Sq. Ft. |
| Postal Code | 90805 | Garage | 7 |
| County | Los Angeles | Year Built | 1961 |
| Bed / Bath | 10 / 0 | Parking | 7 |
| Built In | 1961 | Status | Closed |
| Sold Date | 2024-04-11 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, See Remarks |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Carpet, Vinyl |
| EntryLocation | 1st and 2nd Level |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Roof | Flat |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block |
WALKSCORE
Walk Score: 67 (Somewhat Walkable)
Transit Score: 48 (Some Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,133
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/11/2024 | Sold | $1,850,000 |
| 03/08/2024 | Pending | $1,999,888 |
| 09/28/2023 | Listed | $2,250,000 |
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Listing provided courtesy of Blair Newman, Berkshire Hathaway HomeServices California Propert. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
