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    445 E 55Th St

    Long Beach, CA 90805
    • $1,735,000
    • STATUS: Active Under Contract
    • ON SITE: 130 days
    • MLS #: 21-709562
    Under Contract
    UPDATED: 29 min ago
    $1,735,000
    • 11
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,170
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T21:42:26.58. 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.
    www.haciendagroupinc.com/homes/115402021
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    445 E 55Th St Long Beach, CA 90805

    • Price: $1,735,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • MLS #: 21-709562
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,170
    SQFT
    $336
    $/SQFT
    1968
    Built
    Neighborhood:
    North Long Beach
    County:
    Los Angeles
    Area:
    North Long Beach
    Property Description
    Excellent remodeled 6-unit building with great rents, ample parking, and more upside in north Long Beach. Building infrastructure has had many upgrades, including new copper plumbing throughout, new ABS sewer line, new breaker boxes, hardwood floors, and reconditioned roof. 5 of the 6 units have gone through extensive remodeling, and delivered with reliable tenants who have yet to miss any rental payments in the last years. The building has 7 one-car garages as well as an additional uncovered parking spot in front of each, 14 parking spots total. Coin operated laundry room in the rear services the building and provides additional income. Turn-key property with low maintenance and low expenses, great value with additional income upside and easy access to freeways, the beach, parks, and restaurants.
    Exterior Features

    Covered Parking 7 Lot Size Area 7171 Other Structures None Parking Garage GarageDriveway Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 7

    Interior Features

    Baths Total 10.00 Cooking Appliances Cooktop - GasMicrowaveOven Cooling Window Unit(S) Equipment MicrowaveIce MakerGarbage DisposalDishwasherCeiling FanRefrigeratorWasherDryer Flooring Wood Heating Wall Gas Laundry Laundry Area Laundry Equipment Lease

    Property Features

    Amenities None Assessed Total Value 1392300 Gross Income 138600 Gross Operating Income 138600 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 103950.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays ElectricityGasWater Total Annual Expense 34350 Type Of Units Residential Water In Street Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lbr1n

    Listing provided courtesy of Derek Lester DRE#01921397 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-01T21:42:26.58. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253