Listed by: Jody Clegg, Compass
$370,000
↓ $10K (2.7%)
●
Condo -
Off Market
5500 Ackerfield Avenue #407
Long Beach, CA 90805
2 Beds
1 Bath
876 Ft²
$2,118
Est. Monthly
$350
HOA / Fees
6.48%
Cap Rate
About This Property
**BACK ON THE MARKET!** This a 2-bedroom, 1-bath condo with plenty
of potential and great investor opportunity! Located moments from
nearby Davenport Park and just over a mile from Lakewood Mall and
close to the newly built Long beach Exchange shopping center.
This gated community offers a convenient laundry room with
plenty of washers and dryers, as well as a community pool, and this
unit offers two assigned parking spaces at 221 and 225. BRAND
NEW WATER HEATER! Conveniently located near shopping, the 91 and
710 freeways.
Unit Size
876 Ft²
Days on Market
156 days
Land Size
3.97 acres
Price per sqft
$411
Property Type
Condo
Property Taxes
-
HOA Dues
$350
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC24217899)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 2, 2025 | Price Decreased |
$360,000
↓ $10K
(2.7%) | |
| Price Decreased | |||
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Dec 23, 2024 | No longer available | - | |
| No longer available | |||
| Nov 11, 2024 | Price Decreased |
$365,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 21, 2024 | Listed by Compass | $370,000 | |
| Listed by Compass | |||
Property Highlights
Parking Available
Fireplace
Parking Details
Parking Features: Assigned
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Bedrooms on Main Level: 2
Full Bathrooms: 1
Bathrooms on Main Level: 1
Levels: Two
Living Area Square Feet Source: Assessor
Laundry Features: Common Area
None
Exterior Details
Year Built: 1968
Parcel Number: 7157012185
Home Type: Residential
Structure Type: House
Pool Features: Community, Association
Lot Size Source: Assessor
Lot Size Acres: 3.9672
Elevation Units: Feet
Utilities Details
Cooling Type: None
Heating Type: Central
Location Details
Association Amenities: Pool
Association Fee: $350
Association Fee Frequency: Monthly
Community Features: Street Lights, Sidewalks, Gated, Pool
Security Features: Gated Community
Subdivision: Ackerfield Condos (AC)
High School District: Paramount Unified
Subdivision Name: Ackerfield Condos (AC)
Directions: Off Paramount and Ackerfield
Other Details
Listing Terms: CashToNewLoan
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/03/2026
|
1 Bed
|
1 Bath
|
639 ft²
|
$250,000
1 Bed
1 Bath
639 ft²
|
$260,000
+4.00%
07/14/2026
|
Ursula Rhee
RE/MAX College Park Realty
| |
|
02/23/2026
|
3 Bed
|
2 Bath
|
1072 ft²
|
$449,000
3 Bed
2 Bath
1072 ft²
|
$443,000
-1.34%
03/20/2026
|
Jung Joon Lee
eXp Realty of California Inc
| |
|
01/23/2026
|
2 Bed
|
1 Bath
|
876 ft²
|
$350,000
2 Bed
1 Bath
876 ft²
|
$230,000
-34.29%
06/26/2026
|
Nicole De Lia
GE Dean and Associates
| |
|
01/12/2026
|
3 Bed
|
2 Bath
|
1072 ft²
|
$439,000
3 Bed
2 Bath
1072 ft²
|
$410,000
-6.61%
04/21/2026
|
Matthew Tilley
First Team Real Estate
| |
|
01/10/2026
|
3 Bed
|
2 Bath
|
1066 ft²
|
$419,000
3 Bed
2 Bath
1066 ft²
|
$420,000
+0.24%
07/14/2026
|
Thirupathi Nomula
NTR Realty
| |
|
06/04/2025
|
2 Bed
|
1 Bath
|
873 ft²
|
$375,000
2 Bed
1 Bath
873 ft²
|
$394,000
+5.07%
11/10/2025
|
Prashant Sampat
Pacific Avenue Realty
| |
|
10/21/2024
|
2 Bed
|
1 Bath
|
876 ft²
|
$370,000
2 Bed
1 Bath
876 ft²
|
$370,000
03/28/2025
|
Jody Clegg
Compass
| |
|
08/26/2024
|
2 Bed
|
1 Bath
|
873 ft²
|
$380,000
2 Bed
1 Bath
873 ft²
|
$350,000
-7.89%
11/18/2024
|
Chanly Chor
eXp Realty of California Inc
| |
|
08/23/2024
|
2 Bed
|
1 Bath
|
876 ft²
|
$370,000
2 Bed
1 Bath
876 ft²
|
$355,000
-4.05%
01/27/2025
|
Jody Clegg
Compass
| |
|
07/15/2024
|
1 Bed
|
1 Bath
|
639 ft²
|
$275,000
1 Bed
1 Bath
639 ft²
|
$285,000
+3.64%
09/10/2024
|
Angela Arvanitis
First Team Real Estate
| |
|
07/07/2024
|
1 Bed
|
1 Bath
|
716 ft²
|
$320,000
1 Bed
1 Bath
716 ft²
|
$320,000
09/27/2024
|
Jack Tanner
Beach Cities Properties, Inc.
| |
|
04/15/2023
|
2 Bed
|
1 Bath
|
873 ft²
|
$380,000
2 Bed
1 Bath
873 ft²
|
$380,000
06/05/2023
|
Maria Barragan
Realty ONE Group United
| |
|
02/01/2022
|
2 Bed
|
1 Bath
|
873 ft²
|
$350,000
2 Bed
1 Bath
873 ft²
|
-
-
|
Maria Barragan
Keller Williams - Cerritos
| |
|
01/17/2022
|
1 Bed
|
1 Bath
|
641 ft²
|
$239,950
1 Bed
1 Bath
641 ft²
|
$250,000
+4.19%
02/16/2022
|
John McGoff
Real Smith's Realty
| |
|
01/07/2022
|
3 Bed
|
2 Bath
|
1072 ft²
|
$350,000
3 Bed
2 Bath
1072 ft²
|
$356,000
+1.71%
03/08/2022
|
Rhett Richar Winchell
Kennedy Wilson Real Estate Sales & Marke
| |
|
05/31/2021
|
1 Bed
|
1 Bath
|
641 ft²
|
$229,000
1 Bed
1 Bath
641 ft²
|
$229,000
07/27/2021
|
Jennifer Young
Home Smart Realty Group
| |
|
07/31/2020
|
2 Bed
|
1 Bath
|
873 ft²
|
$269,900
2 Bed
1 Bath
873 ft²
|
$277,500
+2.82%
09/21/2020
|
Juan Avendano
| |
|
06/10/2020
|
1 Bed
|
1 Bath
|
641 ft²
|
$250,000
1 Bed
1 Bath
641 ft²
|
-
-
|
-
| |
|
12/02/2019
|
2 Bed
|
1 Bath
|
873 ft²
|
$275,000
2 Bed
1 Bath
873 ft²
|
$262,000
-4.73%
02/25/2020
|
DJ Bonner
Real Estate Ebroker Inc
| |
|
11/16/2019
|
3 Bed
|
2 Bath
|
1066 ft²
|
$325,000
3 Bed
2 Bath
1066 ft²
|
-
-
|
-
| |
|
11/28/2018
|
3 Bed
|
2 Bath
|
1066 ft²
|
$305,000
3 Bed
2 Bath
1066 ft²
|
$295,000
-3.28%
02/12/2019
|
Niraj Agnihotri
Amberwood Real Estate
| |
|
11/17/2018
|
3 Bed
|
2 Bath
|
1066 ft²
|
$329,000
3 Bed
2 Bath
1066 ft²
|
$300,000
-8.81%
01/18/2019
|
Salim Patel
The Realestate Group
| |
|
11/13/2018
|
3 Bed
|
2 Bath
|
1066 ft²
|
$309,500
3 Bed
2 Bath
1066 ft²
|
$309,500
01/17/2019
|
JEANNE HAI
RE/MAX PREMIER/SANMARINO
| |
|
08/31/2018
|
2 Bed
|
2 Bath
|
943 ft²
|
$285,000
2 Bed
2 Bath
943 ft²
|
$275,000
-3.51%
03/15/2019
|
Margie Camacho
Century 21 Jervis & Associates
| |
|
05/18/2018
|
2 Bed
|
1 Bath
|
873 ft²
|
$250,000
2 Bed
1 Bath
873 ft²
|
$250,000
08/02/2018
|
GREGORY JOHNSON
Verizon Real Estate Group
| |
|
09/15/2017
|
2 Bed
|
1 Bath
|
873 ft²
|
$230,000
2 Bed
1 Bath
873 ft²
|
$225,000
-2.17%
10/05/2017
|
Danisa Peralta
Partner Real Estate
|
Building Info
5500 Ackerfield Avenue
5500 Ackerfield Avenue, Long Beach, CA 90805
- 3 Units for Sale
About Paramount and South
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Listed by: Jody Clegg, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24217899
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24217899
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