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. Two 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 $3.2M 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: 12/18/2024, 1:20:58 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.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$20.5K
Per Month
Principal & Interest
$20.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12.3K
Powered By
Advertisement
NMLS#3030
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. Typical income of Long Beach, CA residents is between $35k-100k annually. The most common type of family 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 $4,100,000.
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).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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 $4,100,000.
In November 2024, from all listings sold in Long Beach, CA there were more than 66 sold above asking price, over 64 sold below and more than 32 were sold right at the asked price. The inventory of homes for sale in Long Beach, CA between October 2024 and November 2024 decreased by 10.6%. While the average time on the market in November 2024 was 35 days, the median list price was $825,128.
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. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Ross Dress For Less
Foot Locker
Burlington
Jack In The Box
Little Caesars
White Castle
Nissan
Dodge
Kia
Rhythmic Contemporary Hits
Urban Adult Contemporary