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473 55th Street
Long Beach, CA 90805
Sold
This asset is offered at an excellent 6.29 percent cap rate on current rents with nine percent rental upside. Furthermore, a new investor may want to explore the potential of developing two ADU’s (buyer to verify). 473 East 55th Street is a 1962 construction with a desirable mix of seven two-bed/one-bath units and one one-bed/one-bath unit. The building also offers on-site laundry and garage parking. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
PROPERTY INFORMATION
| MLS # | PW23224482 | Lot Size | 6,963 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,800,000
Price Per SqFt: $ 282 |
DOM | 513 Days |
| Address | 473 55th Street | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 6,391 Sq. Ft. |
| Postal Code | 90805 | Garage | 6 |
| County | Los Angeles | Year Built | 1962 |
| Bed / Bath | 3 / 0 | Parking | 6 |
| Built In | 1962 | Status | Closed |
| Sold Date | 2024-01-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,920
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 01/12/2024 | Sold | $1,425,000 |
| 12/20/2023 | Pending | $1,800,000 |
| 12/12/2023 | Listed | $1,800,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker. 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.
