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220 E 57th Street, Long Beach, CA 90805
$1,850,000
220 E 57th Street, Long Beach, CA 90805View this property at 220 E 57th Street, Long Beach, CA 90805
220 E 57th StreetLong BeachCA90805
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Property Description
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.
Full Property Details
Full Property Details for 220 E 57th St
General
- Sold For: $1,850,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23181804
- Added to Site: 233 day(s) ago
Interior
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: Common Area, See Remarks
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 7
- Parking Features: Assigned, Garage, Garage (Single Door)
- Parking: Assigned, Garage, Garage (Single Door)
Location
- Area: 7 - North Long Beach
- County: Los Angeles
- Development Name: 7 - North Long Beach
- Driving Directions: From Long Beach Blvd. Head East on Ellis St. Turn left on Dairy Ave. Turn Right on 57th St. Apartment building will be on your right.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 10
- # Electric Meters: 10
Structural Information
- Roof: Flat
- Entry Location: 1st and 2nd Level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 4,681
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: None
- Lot Size (Acres): 0.1526
- Lot Size Source: Assessor
- Zoning: LBR1N
- Lot Description: Corner Lot, Lawn, Sprinkler System
Financial Considerations
- Price Per Sq. Ft.: $395.21
- Price Per Unit: 222210
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed and Sold by Berkshire Hathaway HomeServices California Properties, Blair Newman
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Schools
Schools serving 220 E 57th St
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5320 Pine Ave, Long Beach, CA 90805 | PK-5 | 0.4 mi | |
5075 Daisy Ave, Long Beach, CA 90805 | 6-8 | 0.9 mi | |
6500 Atlantic Ave, Long Beach, CA 90805 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 220 E 57th St
Date
Details
Price
Change
Source
4/11/2024
Sold
$1,850,000
-7.49%
MLS
2/04/2024
Price Reduced
$1,999,888
-4.31%
MLS
11/16/2023
Price Reduced
$2,090,000
-7.11%
MLS
9/29/2023
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
220 E 57th Street, Long Beach, CA 90805 (MLS# PW23181804) is a Multi-Family property that was sold at $1,850,000 on April 11, 2024. Want to learn more about 220 E 57th Street? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.