Seller's Agent in 2018
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
16 in this area
76 Total Sales
1116 E 5th St Long Beach, CA 90802
North Alamitos Beach NeighborhoodEstimated Value: $2,593,202 - $3,388,000
16
Beds
8
Baths
6,156
Sq Ft
$486/Sq Ft
Est. Value
Highlights
- 8,972 Sq Ft lot
- Laundry Room
- Front Yard
- Long Beach Polytechnic High School Rated A
About This Home
As of June 2018The East 5th Street Apartments is an 8 unit apartment community located in North Alamitos Beach submarket of Long Beach. Its close proximity to the East Village, Alamitos Beach and short distances to Downtown(to the West), Shoreline Village & Retro Row(to the East) makes this a central location to many activities and amenities. Investors have the opportunity to acquire a recently upgraded building with strong in place rents. The property is comprised of two separate buildings and consists of two one-bedroom units, four two-bedroom units and two three-bedroom units with gated access, a side yard and center yard between the two buildings. Onsite Laundry available. The asset also boasts 7 garages and 3 parking spaces. All units have been renovated and feature bright, open floor plans.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 03/27/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 8,972 Sq Ft Lot
- Two or More Common Walls
- Front Yard
Parking
- 3 Open Parking Spaces
- 7 Car Garage
Home Design
- 6,156 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 12
- Tax Tract Number 5765
- Assessor Parcel Number 7266010022
Community Details
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,300
- Fuel Expense $1,300
- Gardener Expense $1,200
- Insurance Expense $2,462
- Maintenance Expense $3,600
- Pest Control $500
- Professional Management Expense $7,400
- Supplies Expense $1,800
- Trash Expense $1,300
- Water Sewer Expense $1,300
- New Taxes Expense $28,707
- Operating Expense $51,369
- Gross Income $148,006
- Net Operating Income $96,637
Additional Features
- 8 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 27, 2018
Closed on
Jun 19, 2018
Sold by
Ryanik Boca Long Beach Partners Llc
Bought by
Morongo Moraga Llc and 5Th Street Investors Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Jon Swire
The Agency
List Price
$2,250,000
Sold Price
$1,950,000
Premium/Discount to List
-$300,000
-13.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,040,601
Avg. Annual Appreciation
5.85%
Original Mortgage
$1,267,500
Outstanding Balance
$1,093,864
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$1,896,737
Purchase Details
Closed on
Aug 12, 2016
Sold by
Long Beach Trading Company Inc
Bought by
Ryanik Boca River Long Beach Partners Ll
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 3, 2016
Sold by
Jarm Llc
Bought by
Long Beach Trading Company Inc and Jarm Llc
Purchase Details
Closed on
Dec 22, 2004
Sold by
Fioresi Doug and Fioresi Kristine D
Bought by
Jarm Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 13, 2002
Sold by
1119 Fourth Street Llc
Bought by
Fioresi Douglas and Fioresi Kristine D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 11, 2002
Sold by
Simon Robert P and Simon Rebecca
Bought by
1119 Fourth Street Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morongo Moraga Llc | $1,950,000 | Orange Coast Title Company | |
| Ryanik Boca River Long Beach Partners Ll | -- | Orange Coast Title Company | |
| Ryanik Boca River Long Beach Partners Ll | $1,360,000 | Old Republic Title Co | |
| Long Beach Trading Company Inc | -- | Accommodation | |
| Jarm Llc | $1,075,000 | Commonwealth Title | |
| Fioresi Douglas | $715,000 | Fidelity National Title | |
| 1119 Fourth Street Llc | $256,663 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morongo Moraga Llc | $1,267,500 | |
| Previous Owner | Ryanik Boca River Long Beach Partners Ll | $910,000 | |
| Previous Owner | Jarm Llc | $650,000 | |
| Previous Owner | Fioresi Douglas | $458,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2018 06/22/18 | Sold | $1,950,000 | 0.0% | $317 / Sq Ft |
| 04/11/2018 04/11/18 | Off Market | $1,950,000 | -- | -- |
| 03/27/2018 03/27/18 | For Sale | $2,250,000 | -- | $365 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $29,019 | $2,145,807 | $1,450,380 | $695,427 |
| 2024 | $27,785 | $2,103,734 | $1,421,942 | $681,792 |
| 2023 | $27,314 | $2,062,485 | $1,394,061 | $668,424 |
| 2022 | $25,645 | $2,022,045 | $1,366,727 | $655,318 |
| 2021 | $25,925 | $2,049,797 | $1,434,858 | $614,939 |
| 2020 | $25,858 | $2,030,180 | $1,420,146 | $610,034 |
| 2019 | $25,556 | $1,990,400 | $1,392,300 | $598,100 |
| 2018 | $18,053 | $1,388,600 | $969,000 | $419,600 |
| 2016 | $13,903 | $1,100,000 | $750,000 | $350,000 |
| 2015 | $13,545 | $1,100,000 | $750,000 | $350,000 |
| 2014 | $11,848 | $935,000 | $637,500 | $297,500 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Todd Hawke
Seller Co-Listing Agent in 2018
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
2 in this area
10 Total Sales
-
Jon Swire
Buyer's Agent in 2018
Jon Swire
The Agency
(310) 948-2631
1 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18069429
APN: 7266-010-022
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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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