Sold for $2,230,000

Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740

Bought with: eXp Realty of California Inc

$2,230,000

477-495 E Market St, Long Beach, CA 90805

13beds

9baths

9,929sqft

Multi Family

Built in 1936

-- sqft lot

$2,106,600 Zestimate^®

$225/sqft

$2,503 Estimated rent

Home value

$2,106,600

$1.73M - $2.63M

$2,503/mo

Zestimate^® history

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$2,503/mo

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$2,503/mo

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$14,308/mo

Est. payment

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$14,308/mo

Est. payment

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What's special

475-495 E. Market Street is an 8-unit apartment property with a church situated on an oversized lot of 25,524 square feet in Long Beach, California. This rare property consists of (4) 1 BD/1 BA units, (3) 2 BD/1 BA units, and (1) 3 BD/2 BA. The 4,000-square foot existing church can be used as-is, or could potentially be used to add additional units*. Ample parking is available on the site, with 21 surface spaces and two (2)garages, which could also be converted to a 1 BD/1 BA ADU. Laundry facilities are located onsite for additional income. The property is well-located with convenient access to the 710 605, and 405 freeways.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 13
Bathrooms: 9

Appliances

Laundry: Inside

Features

Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 9,929
Total interior livable area: 9,929 sqft

Property

Parking

Total spaces: 25
Parking features: Garage
Garage spaces: 4
Uncovered spaces: 21

Features

Pool features: None

Lot

Size: 0.59 Acres
Features: 6-10 Units/Acre

Details

Additional parcels included: 7127022032
Parcel number: 7127022030
Zoning: LBCMR
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1936

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: North Long Beach (Nlb)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $225/sqft
Date on market: 2/17/2023
Cumulative days on market: 264 days
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
2/23/2024	Sold	$2,230,000-10.8%$225/sqft
Source: CRMLS #PW23028066 Report a problem
2/2/2024	Pending sale	$2,500,000$252/sqft
Source: CRMLS #PW23028066 Report a problem
11/8/2023	Contingent	$2,500,000$252/sqft
Source: CRMLS #PW23028066 Report a problem
2/18/2023	Listed for sale	$2,500,000$252/sqft
Source: CRMLS #PW23028066 Report a problem