Check Availability

5558 Dairy Avenue

5558 Dairy Avenue, Long Beach, CA 90805
Multifamily in Dairy
Sold Aug 21, 2019
$2,850,000
$1,995,000 by Luther Burbank Savings
Mortgage
Sold Feb 16, 2018
$1,900,000
$1,707,480 by Civic Financial Services Llc
Mortgage Due Mar 01, 2020
Local assessors in Long Beach, CA have categorized 5558 Dairy Avenue as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 8,278 square feet. The linear feet between the front and back of the lot was measured at 1,100 ft and the front of the lot was measured at 830 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 20 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 12 full bathrooms. There are also 12 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5558 Dairy Avenue has a total of 7,712 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of tar and gravel. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in May 30, 2019 for $2,850,000. That's $369.55 per sqft. Prior to that sales transaction, the property was also sold in Jan 31, 2018 for $1,900,000. 5558 Dairy Avenue was last assessed in 2023. The total value of the property was assessed at $2,995,858. Specifically, the land the property is located on was valued at $473,030. While improvements on the property were assessed at a total of $2,522,828. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $37,051. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 2
  • Bedroom Count: 20
  • Bathroom Count: 12
  • Full Bathrooms: 12
  • Partial Bathrooms: 12
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 12
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,278
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 830
  • Total Building Area: 7,712
  • Gross Building Area: 7,712
  • Building Area: 7,712
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 7,712
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5992
  • Land Acres: 0.19
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT NO 5992 LOTS 6,7 AND LOT/SEC 8 BLK/DIV/TWN 29

Ownership

  • Current Owner : LB VIEW INC
  • Previous Owner : BIXBY PARK APARTMENTS LLC
  • Owner Before Previous Owner: KEELY PARTNERS L P
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 570304

Zoning

  • Zoning: LBR1N

Geography

  • Assessors Map Reference: 70-C1
  • Subdivision Tract Number: 5992
  • Parcel: 7126-019-022
  • Block: 29
  • Lot: 6,7
  • Municipality: SOUTH /NORTH LONG BEACH
  • Latitude: 33.8571
  • Longitude: -118.193

    Address

  • Full Address: 5558 Dairy Ave
  • Address - House Number: 5558
  • Address - Street Name: Dairy
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C048
  • 4-Digit Zip Code: 5270
  • Zip Code: 90805

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,051
  • Tax Rate Code Area: 04-992

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 2,763,220
  • High Value: 3,374,010
  • Low Value: 2,152,429

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,995,000
  • First Open Lien Mortgage Lender: LUTHER BURBANK SAVINGS
  • First Open Lien Mortgage Recording Date: Aug 21, 2019
  • First Open Lien Mortgage Loan Amount: $1,995,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,995,858
  • Assessed Land Value: $473,030
  • Assessed Improvements Value: $2,522,828

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: Aug 21, 2019
  • Current Sale Transaction ID: 11636373441
  • Current Sale Price: $2,850,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0841696
  • Previous Sale Recording Date: Feb 16, 2018
  • Previous Sale Contract Date: Jan 31, 2018
  • Previous Sale Amount: $1,900,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: LUTHER BURBANK SAVINGS
  • First Mortgage Transaction Date: Aug 21, 2019
  • First Mortgage Loan Amount: $1,995,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CIVIC FINANCIAL SERVICES LLC
  • Previous Mortgage Transaction Date: Feb 16, 2018
  • Previous Mortgage Loan Amount: $1,707,480
  • Previous Mortgage Term: 24
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2020

About Dairy



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 401 Market 5404 Elm, LONG BEACH, CA, 90805

$1,450 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
401 Market 5404 Elm #5404 ELM #2, LONG BEACH, CA, 90805 Listing by Manager

Frequently Asked Questions

What neighborhood is 5558 Dairy Avenue located in?
The 5558 Dairy Avenue is a multifamily located in the neighborhood of Dairy in Dairy, Long Beach.
What is the average sales price for listings in 5558 Dairy Avenue?
The average sales price for units in 5558 Dairy Avenue is $0 currently.

Quantcast