1612 East 53rd Street

Long Beach, CA 90805

$1,099,900
Price
5
Beds
2
Baths
2,092 Sq. Ft.
$526 / Sq. Ft.
2,092
Sq. Ft.
$526
per Sq. Ft.

Description

This Beautiful 2 unit Duplex with private driveway for each unit and separate garages is a great income property. 5 bd 2 ba total: 3 bd 1 ba in first unit, 2bd 1 ba in the second unit. The duplex is a great fixer with loads of potential. The backyard is spacious 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...This Beautiful 2 unit Duplex with private driveway for each unit and separate garages is a great income property. 5 bd 2 ba total: 3 bd 1 ba in first unit, 2bd 1 ba in the second unit. The duplex is a great fixer with loads of potential. The backyard is spacious 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 Property is priced at a great value with endless possibilities.
  1. Listed by Zachary McCrea • DRE #01255209 • Brokerage DRE #01330389 • Trojan Financial Solutions • zach@trojanfs.com

Property Details for 1612 East 53rd Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Attached
Lot Size Source
Estimated
Living Area
2092
Assessor Parcel Number
7129-008-012
Property Attached YN
true

Location

Listing Courtesy of Trojan Financial Solutions, Zachary McCrea, DRE #01255209
Add your commute
LISTING UPDATED: 04/18/2024 07:54 AM

Property Details for 1612 East 53rd Street

StatusActive
MLS #NP24074261
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.20 AC / 8,500 SF
CountyLos Angeles County

Location

Listing Courtesy of Trojan Financial Solutions, Zachary McCrea, DRE #01255209
Add your commute

Building Information for 1612 East 53rd Street

Stories1Residences-Year Built1946Building Size-Lot Size0.20 AC / 8,500 SF

Payment Calculator

$6,760 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$757

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1612 East 53rd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $3,900
  • Gross Scheduled Income: $3,900
  • Net Operating Income: $38,400
Expense Details
  • Operating Expense: $560
  • Fuel Expense: $100
  • Electric Expense: $150
  • Insurance Expense: $300
  • Trash Expense: $60
  • Water Sewer Expense: $50
  • Total Expenses: $560
Tax / Assessment Info
  • Tax Tract Number: 5405
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 0499
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1612 East 53rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1612 East 53rd Street

Taxable ValueLand$422,026Additions$267,947Total$689,973
Tax Record2023$9,082 ($757 / month)
Home Facts
Total Finished SqFt2,092 SqFtAbove Grade Finished SqFt2,092 SqFtLot Size8,578 SqFtStyleDuplexYear Built1946ZoningLBR1NCountyLOS ANGELESAPN7129-008-012

Schools near 1612 East 53rd Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Barton Elementary School
PublicK to 5

Lindbergh Middle School
Public6 to 8

Jordan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1612 East 53rd Street is a multi-family home for sale in Long Beach, CA 90805. This property was listed for sale on April 11, 2024 by Trojan Financial Solutions, it's currently listed at $1,099,900. It has been on the market for a total of 15 days and was last sold on January 16, 2005. This listing's school district is Long Beach Unified School District. Nearby schools include Barton Elementary School, Lindbergh Middle School and Jordan High School. 1612 East 53rd Street is a 5-bed, 2-bath, 2,092 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Trojan Financial Solutions, Zachary McCrea, DRE #01255209

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.