Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in North Alamitos Beach
$355,000 Price
1001 E 5th St Unit 5 Long Beach, CA 90802
North Alamitos Beach Neighborhood
6
Beds
5
Baths
3,544
Sq Ft
6,167
Sq Ft Lot
Highlights
- 0.14 Acre Lot
- No HOA
- Rectangular Lot
- Long Beach Polytechnic High School Rated A
- Laundry Facilities
- 4-minute walk to Gumbiner Park
About This Home
As of July 2023OVER 8.2 Cap! According to the Los Angeles Times, Long Beach is set to host seven Olympic events in 2028 when the Summer Games come to Los Angeles. This stunning five-unit income property in Long Beach combines Spanish Colonial Coastal Hacienda charm with the energy of downtown Long Beach, making it an excellent investment opportunity. Located in a prime location near all the exciting downtown development projects, the property boasts desirable outdoor common space, making it an attractive option for tenants seeking a beach city lifestyle with a mix of metropolitan amenities.
The property is fully gated, providing both front and rear access and direct garage access to a secure area, making it a rare find. The landlord can maximize rents by including electricity in the cost, thanks to the solar panels installed on the property. The units have been completely remodeled and rewired, with new plumbing and windows installed throughout. All kitchens and bathrooms have been completely renovated, and each unit features AC with permits. The property also has four garages, offering ample parking space.
The location is perfect for those looking to enjoy the best of Long Beach's outdoor activities and events, including the Acura Grand Prix of Long Beach, X Games, World Surf League's pro Longboard Tour, as well as music festivals and outdoor concerts. In preparation for the 2028 Olympics, Long Beach is building a new aquatic center on the beach called the Belmont Beach and Aquatic Center. This new facility will serve as a focal point for the Long Beach aquatic competition community and will feature two 50-meter competition pools, recreational and teaching pools, therapeutic whirlpools, diving platforms, springboards, and deep water wells. The outdoor areas will include a park, walk-up restaurant, and landscaped plazas that make the most of Southern California's sunny weather and beach setting.
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Property Details
Home Type
- Apartment
Year Built
- Built in 1929
Lot Details
- 6,167 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Interior Spaces
- 3,544 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for gas, trash collection, water
- Tax Lot 14
- Tax Tract Number 11933
- Assessor Parcel Number 7266007026
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $960
- Insurance Expense $2,246
- Maintenance Expense $2,890
- Other Expense $3,459
- Professional Management Expense $7,080
- New Taxes Expense $23,930
- Operating Expense $40,565
- Gross Income $136,000
- Net Operating Income $95,435
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 28, 2023
Closed on
Jun 17, 2023
Sold by
Watts Real Estate Llc
Bought by
Seller's Agent
Ling Beh
STRIVE REAL ESTATE
Buyer's Agent
Nina Le
Buckingham Investments, Inc
List Price
$1,800,000
Sold Price
$1,670,000
Premium/Discount to List
-$130,000
-7.22%
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Outstanding Balance
$737,934
Interest Rate
6.57%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 11, 2022
Sold by
Young Family Trust
Bought by
Watts Real Estate Llc
Purchase Details
Closed on
Jun 20, 2019
Sold by
A Remodeled Home Llc
Bought by
Young Randal and Young Maryann
Purchase Details
Closed on
Jun 15, 2018
Sold by
Baker Wendy Marie
Bought by
A Remodeled Home Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
4.5%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 11, 2016
Sold by
Baker Anthony
Bought by
Baker Anthony John and The Anthony John Baker Living
Purchase Details
Closed on
Nov 9, 2012
Sold by
Baker Anthony and The Theresa Marie Baker Revoca
Bought by
Baker Anthony
Purchase Details
Closed on
Mar 8, 2006
Sold by
The Hunter Family Tr Decedents Tr B 2004
Bought by
Benjamin Merlin L and Benjamin Linda M
Purchase Details
Closed on
Aug 23, 2002
Sold by
Baker Theresa M
Bought by
Baker Theresa Maria and Theresa Marie Baker Revocable
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Alamitos Beach, CA
-
Jeffrey Russell
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in North Alamitos Beach
$383,000 Price
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
178 Total Sales
4 in North Alamitos Beach
$281K - $805K Price Range
-
Aaron Aalcides
Aaron Aalcides
Epique Realty
(424) 344-4752
60 Total Sales
2 in North Alamitos Beach
$505,000 Price Range
-
Alan Cirson
Alan Cirson
The Cirson Team
(949) 569-5527
66 Total Sales
1 in North Alamitos Beach
$485,000 Price
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
122 Total Sales
3 in North Alamitos Beach
$528K - $1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,670,000 | Orange Coast Title Company | ||
| Watts Real Estate Llc | -- | Satori Law Group Inc | |
| Young Randal | $1,320,000 | Ticor Title Company | |
| A Remodeled Home Llc | $785,000 | Ticor Title Company | |
| Baker Anthony John | -- | None Available | |
| Baker Anthony | -- | None Available | |
| Benjamin Merlin L | -- | None Available | |
| Baker Theresa Maria | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $765,000 | ||
| Previous Owner | Young Randal | $750,000 | |
| Previous Owner | A Remodeled Home Llc | $825,000 | |
| Previous Owner | A Remodeled Home Llc | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/05/2023 07/05/23 | Sold | $1,670,000 | +1.2% | $471 / Sq Ft |
| 05/04/2023 05/04/23 | Pending | -- | -- | -- |
| 04/24/2023 04/24/23 | Price Changed | $1,650,000 | -8.3% | $466 / Sq Ft |
| 03/28/2023 03/28/23 | For Sale | $1,800,000 | -- | $508 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $22,971 | $1,737,468 | $1,144,440 | $593,028 |
| 2025 | $22,971 | $1,703,400 | $1,122,000 | $581,400 |
| 2024 | $21,991 | $1,670,000 | $1,100,000 | $570,000 |
| 2023 | $18,528 | $1,407,841 | $904,012 | $503,829 |
| 2022 | $17,392 | $1,380,237 | $886,287 | $493,950 |
| 2021 | $17,043 | $1,353,174 | $868,909 | $484,265 |
| 2020 | $16,767 | $1,320,000 | $860,000 | $460,000 |
| 2019 | $11,196 | $785,000 | $600,000 | $185,000 |
| 2018 | $1,837 | $95,189 | $27,340 | $67,849 |
| 2016 | $1,678 | $91,494 | $26,279 | $65,215 |
| 2015 | $1,627 | $90,121 | $25,885 | $64,236 |
| 2014 | $1,645 | $88,356 | $25,378 | $62,978 |
Source: Public Records
Agents Affiliated with this Home
-
Ling Beh
Seller's Agent in 2023
Ling Beh
STRIVE REAL ESTATE
(626) 487-8827
2 in this area
96 Total Sales
-
Nina Le
Buyer's Agent in 2023
Nina Le
Buckingham Investments, Inc
(818) 415-9362
1 in this area
16 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23051247
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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