Invest in north Long Beach and own this updated 16-unit apartment community. Composed of a desirable unit mix of all 2-bed, 1-bath units across two buildings with a courtyard in between, this property boasts a scheduled CAP rate of 5.05% at 100% occupancy, and significant rent upside. 3 units are vacant and ready for market-rent tenants, and all existing tenants are on month-to-month leases. Five of the 16 units are newly renovated (2024) with updated plumbing, paint, flooring and kitchen finishes. Two of these five units also feature upgraded bathrooms and lighting throughout. More 2024 building updates include all new electrical panels (main and subs), and new water lines to 8 of the 16 units. A community laundry room provides additional income. This apartment building is located near Atlantic Avenue restaurants and shops, the new KB Homes mixed used development Rhythm (under construction), and easy access to the 91, 710 and 405 freeways.
This property is $3.5M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PTP2407021
Listing Office:
Office Name: eXp Realty of California, Inc.
Office Email: Jeff@kimrealtygroup.com
Listing Agent: Jeff Kim
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/15/2024, 11:21:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,947
$279,451
2020
$5,872
$276,587
2019
$5,563
$271,164
2018
$5,501
$265,848
2017
$5,501
$260,637
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Addams Elementary School
5320 Pine Ave
Distance between this listing and this school0.57 miles
Public District Grades KG-5
4
/10
Bret Harte Elementary School
1671 E Phillips St
Distance between this listing and this school0.87 miles
Public District Grades KG-5
5
/10
Dooley Elementary School
5075 Long Beach Blvd
Distance between this listing and this school0.95 miles
Public District Grades KG-5
Nearby Schools
5
/10
Lindbergh STEM Academy
1022 E Market St
Distance between this listing and this school0.56 miles
Public District Grades 6-8
4
/10
Colin Powell Academy
150 W Victoria St
Distance between this listing and this school1.00 miles
Public District Grades KG-8
3
/10
Perry Lindsey Academy
5075 Daisy Ave
Distance between this listing and this school1.12 miles
Public District Grades 6-8
Nearby Schools
3
/10
Jordan High School
6500 Atlantic Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
8
/10
Odyssey STEM Academy
3701 Michelson St
Distance between this listing and this school2.20 miles
Public District Grades 9-12
2
/10
Buena Vista High School
3717 Michelson St
Distance between this listing and this school2.23 miles
The neighbors living near this home have an average income of $43,382. The majority of Long Beach, CA residents have income between $35k-100k annually. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 477 E S St
What is the listing price of this property?
The listing price of 477 E S St property is $4,400,000.
What type of property is this?
The property 477 E S St is a house located in Long Beach, California, 90805.
Is this property for sale now?
Active Listing: 477 E S St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,947 (source: MLS/based on county public records data).
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This home is located at 477 E S St in Long Beach, CA and zip code 90805 in the The Harbor neighborhood. This home, which was built in 1961, sits on a 0.24 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $4,400,000.
Long Beach, CA housing market in October 2024 saw over 94 listings sold above listed price, more than 35 sold at listed price and over 83 sold below. In October 2024 in Long Beach, CA there were 0.1% less homes for sale than in September 2024. While the average time on the market in October 2024 was 34 days, the median list price was $824,667.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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