SOLD 04/11/2024
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Commercial sold for $1,850,000 in 196 days
220 E 57th St Long Beach, CA, 90805
Off the market Other
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.
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Property details
4,681 sqft interior area
View
None
Land area
6,647 sqft (0.15 acres)
Address
220 E 57th St, Long Beach, CA, 90805
City of California
Long Beach
County
Los Angeles
Previous price
$2,090,000
Year Built
1961
District
Listing
Nearby major retailers
Costco
Walmart Supercenter
ALDI
T-Mobile
Trader Joe's
Albertsons
Mercedes-Benz
Toyota
Walmart Neighborhood Market
Aldi
Wholesale: 2
Supermarket: 10
Mobile phone: 2
Car: 1
Car repair: 1
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Interior Features
Vinyl, Carpet floors
Floor Covering
Vinyl, Carpet
Garage & Parking
Assigned, Other
Listed by
Blair Newman, Berkshire Hathaway HomeServices California Properties
Name
Blair Newman
License number
01459316
Brokerage company
Berkshire Hathaway HomeServices California Properties
MLS #
CRPW23181804
Buyer agent
Name
Blair Newman
Brokerage company
Berkshire Hathaway HomeServices California Properties
Payment calculator
Calculate your monthly payments
Mortgage
$5,680
Taxes
$0
HOA dues
$0
Mortgage
$370,000 / 20%
2.28%
30 years
Your amount
$5,680 / month
Exterior Features
Stucco construction
Construction
Stucco
Lot details
TMK #7126012007
Lot Description
Corner Lot, Other
Parcel nr.
7126012007
90805 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90805
49%
Families with children
National average: 39%
26%
Non family households
464,400
Population
$77,680
Average Income
Age & gender
Median age 34 years
More info
Commute types
89% commute by car
More info
Education level
26% have high school education
More info
Number of employees
3% work in education and healthcare
More info
Vehicles available
34% have 2 vehicle
More info
Vehicles by gender
34% have 2 vehicle
More info
Housing market insights for
$764.7k
Neighborhood average
sales price*
sales price*
$724.99k
Neighborhood median
sales price*
sales price*
417
Number
of sales*
of sales*
Housing type
56% are single detacheds
More info
Rooms
48% of the houses have 4 or 5 rooms
More info
Bedrooms
68% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are owners
More info
12.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Apr 11, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 11, 2024 | Sold | $1,850,000 | 0 | Public Record |
| Apr 11, 2024 | Price Decrease | $1,850,000 -7.49% | 0 | MLS #CRPW23181804 |
| Mar 8, 2024 | Pending | $1,999,888 | 0 | MLS #CRPW23181804 |
| Feb 5, 2024 | Price Decrease | $1,999,888 -4.31% | 0 | MLS #CRPW23181804 |
| Dec 21, 2023 | For sale | $2,090,000 | 0 | MLS #CRPW23181804 |
| Dec 21, 2023 | Price Decrease | $2,090,000 -7.11% | 0 | MLS #CRPW23181804 |
| Oct 24, 2023 | Unavailable | $2,250,000 | 0 | MLS #CRPW23181804 |
| Sep 29, 2023 | New Listing | $2,250,000 | 0 | MLS #CRPW23181804 |
Taxes of 220 E 57th St, Long Beach, CA, 90805
LBR1 zoning / MLS #CRPW23181804
Zoning
LBR1
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Frequently Asked Questions about 220 E 57th St
What is 220 E 57th St?
220 E 57th St is a Commercial/Industrial propertywith 4,681 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
220 E 57th St, Long Beach, CA, 90805.
What comparable properties are nearby?
Comparable nearby commercial properties include 5423 Dairy Ave, 5991 Atlantic Ave, 5321 Long Beach Blvd, 6062 Atlantic Ave, 6176 Atlantic Ave, 1701 E South St.
Based on information from the bridgeMLS as of 05-12-2024. 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.
Listing last updated on: Apr 12, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Best Food Market, 0.43 miles away and Smart & Final, 1.23 miles away.
The 90805 zip area has a population of 464,400, and 49% of the families have children. The median age is 34.72 years and 89% commute by car. The most popular housing type is "single detached" and 51% is owner.
