1401 East 55th Street

1401 East 55th Street in Long Beach, CA was first built in 1948 and is 76 years old. Although, the building on the property was most recently renovated and altered in 1949. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1401 East 55th Street has 1,131 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,220. In total, the area measurement of the land is 4,889 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of composition shingle. Water for the property is sourced from a municipal system. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. As for heating, the home is utilizing floor/wall heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1401 East 55th Street was last sold in Jun 27, 2022 for $675,000. According to our calculations, that's $596.82 per sqft. Prior to that sales transaction, the property was sold for $265,000 in Nov 26, 2012. Current property owners are expected to pay $5,448 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1401 East 55th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $675,000. To break that down further, the land itself was valued at $540,000. While improvements to the property were assessed at a total of $135,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.