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$969,000   Price Analysis
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1612 E 53rd St
Long Beach, CA 90805
5 bed 2 bath 2,092 SqFt ($463/SqFt)
8,500SqFt lot. Built 1946
Listed 2024-04-15, Taxes $8,530
Ⓧ USDA Ineligible
due to price & location

near Long Beach

This Beautiful 2 unit Duplex with private driveway for ach unit and separate garages is a fantastic income property.

5 bd 2 ba total: 3 bd 1 ba in first unit, 2bd 1 ba in the second unit. The duplex has all original features in home with loads of potential. The backyard is big and allows for building or expansion of multiple units for an investor with a total of 8500 sq ft lot.

Solid cashflow property in a great area of Long Beach. The property is near major freeways, shops and restaurants. Ten minutes from Downtown Long Beach. This Proper ty is priced at a great value with unlimited possibilities.


Presented by Zachary John McCrea at
Trojan Financial Solutions.
Listing Agent Photo

Property MLS #NP24074261 from CRMLS

Bedrooms: 5

Laundry Features: Electric Dryer Hookup, Washer Hookup

Full Bathrooms: 2

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.1951331
Lot Size Source: Estimated
Lot Size Square Feet: 8500

Garage Spaces: 2
Parking Total: 2

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1

Number of Units Leased: 1

Community Features: Sidewalks, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 300.00
Area: 7 - North Long Beach
Source Neighborhood: Other (OTHR)
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 2
Parcel Number: 7129008012
Subdivision: Other (OTHR)
Trash Expense: 60.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$262,694 + $413,751
$676,445
$8,530
2021$257,544 + $405,639
$663,183
$8,359
2020$254,904 + $401,480
$656,384
$8,336
2019$249,906 + $393,608
$643,514
$8,239
2018$235,000 + $375,000
$610,000
$7,661
2017$205,000 + $320,000
$525,000
$6,689
2016$190,000 + $300,000
$490,000
$5,927
2015$180,000 + $280,000
$460,000
$5,435
2014$170,000 + $260,000
$430,000
$5,163
2013$140,000 + $225,000
$365,000
$4,308
2012$130,000 + $200,000
$330,000
$4,057
2010$130,000 + $200,000
$330,000
$3,948
2009$216,485 + $340,965
$557,450
$6,452
2009$130,000 + $200,000
$330,000
$6,452
2008$212,241 + $334,280
$546,521
$6,011
2007$208,080 + $327,726
$535,806
$5,866

Price Changed 2024-06-16
$969,000
CRMLS
Price Changed 2024-05-28
$999,900
CRMLS
Price Changed 2024-05-04
$1,049,900
CRMLS
Listed 2024-04-15
$1,099,900
CRMLS
Sold 2005-02-14
$515,000
Public Record
Sold 1968-06-21
$36,500
Public Record

Net Operating Income: 38400.00

Total Square Feet Living: 2092
Year Built: 1946
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Property Age: 78
Property Attached: Yes
Building Total Stories: 1
Structure Type: Duplex
Year Built Source: Public Records

Electric Expense: 150.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 50.00
Water Source: Public

Lindbergh Middle School is a public middle school located approximately 0.4 miles away.
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Barton Elementary School is a public elementary school located approximately 0.5 miles away.
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Jordan High School is a public high school located approximately 1.6 miles away.
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Spectrum Center- Long Beach Middle Market Street is a private elementary, middle and high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.