Minerva Corral
CORRAL INVESTMENTS & REALTY
(626) 247-3609
28 Total Sales
3 in Bluff Heights
$530K - $575K Price Range
2310 E 5th St Long Beach, CA 90814
Bluff Heights Neighborhood
8
Beds
7
Baths
6,604
Sq Ft
6,507
Sq Ft Lot
About This Home
As of April 20242310 E. 5th Street is an 8-unit apartment asset located in Long Beach, California. The property is offered at 11.92 GRM and 5.54% cap rate on current rents. The property is comprised of (3) 1BD / 1BA units; (2) 2BD / 1BA units; (1) 2BD / 2BA unit: and (2) 3BD / 3BA units. Four (4) garages offer the potential for ADU conversion. All units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers. With an excellent Walk Score of 95, the property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 01/09/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 6,507 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,604 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Bathrooms
Listing and Financial Details
- Tax Lot 22
- Tax Tract Number 5768
- Assessor Parcel Number 7263020022
- $1,551 per year additional tax assessments
Community Details
Overview
- 8 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,869
- Fuel Expense $1,869
- Gardener Expense $1,200
- Insurance Expense $6,000
- Maintenance Expense $5,600
- Other Expense $2,400
- Pest Control $900
- Professional Management Expense $10,581
- Trash Expense $1,869
- Water Sewer Expense $1,869
- New Taxes Expense $32,440
- Operating Expense $67,497
- Gross Income $211,615
- Net Operating Income $144,118
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
Closed on
Jul 5, 2024
Sold by
Bought by
Purchase Details
Listed on
Jan 9, 2024
Closed on
Mar 20, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Ed Kaminsky
eXp Realty of California, Inc.
List Price
$2,600,000
Sold Price
$2,495,000
Premium/Discount to List
-$105,000
-4.04%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.77%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2017
Sold by
Bought by
Purchase Details
Closed on
Aug 4, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.44%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 25, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
6.62%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Heights, CA
-
Minerva Corral
-
Carole Sturim
Carole Sturim
Coldwell Banker Realty
(949) 518-0408
18 Total Sales
1 in Bluff Heights
$905,000 Price
-
Scott Underwood
Scott Underwood
Meadowbrook Realty
(424) 785-0908
26 Total Sales
1 in Bluff Heights
$582,500 Price
-
Karla Stagman
Karla Stagman
Compass
(949) 732-1762
58 Total Sales
2 in Bluff Heights
$1,500,000 Price Range
-
Marjorie Tyson
Marjorie Tyson
Coldwell Banker Envision
(424) 378-4827
18 Total Sales
2 in Bluff Heights
$1,025,000 Price Range
-
Heidi Bailey
Heidi Bailey
Keller Williams Coastal Prop.
(949) 356-7766
36 Total Sales
2 in Bluff Heights
$1,072,500 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 |
|---|---|---|---|
| -- | Chicago Title Company | ||
| $2,495,000 | Chicago Title Company | ||
| $1,900,000 | Lawyers Title | ||
| $1,075,000 | First American Title Ins Co | ||
| $695,000 | Gateway Title |
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 |
|---|---|---|---|
| Previous Owner | $1,275,000 | ||
| Previous Owner | $620,000 | ||
| Previous Owner | $750,000 | ||
| Previous Owner | $100,000 | ||
| Previous Owner | $585,000 | ||
| Previous Owner | $556,000 |
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 |
|---|---|---|---|---|
| 04/02/2024 04/02/24 | Sold | $2,495,000 | -4.0% | $378 / Sq Ft |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 01/09/2024 01/09/24 | For Sale | $2,600,000 | -- | $394 / 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 |
|---|---|---|---|---|
| 2025 | $34,058 | $2,544,900 | $1,526,940 | $1,017,960 |
| 2024 | $27,940 | $2,119,482 | $1,115,517 | $1,003,965 |
| 2023 | $27,466 | $2,077,925 | $1,093,645 | $984,280 |
| 2022 | $25,785 | $2,037,182 | $1,072,201 | $964,981 |
| 2021 | $25,256 | $1,997,238 | $1,051,178 | $946,060 |
| 2020 | $25,190 | $1,977,560 | $1,040,400 | $937,160 |
| 2019 | $24,894 | $1,938,800 | $1,020,000 | $918,800 |
| 2018 | $24,239 | $1,900,800 | $1,000,000 | $900,800 |
| 2016 | $15,241 | $1,216,652 | $565,884 | $650,768 |
| 2015 | $14,641 | $1,198,377 | $557,384 | $640,993 |
| 2014 | $14,564 | $1,174,903 | $546,466 | $628,437 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
3 in this area
81 Total Sales
-
Ed Kaminsky
Buyer's Agent in 2024
Ed Kaminsky
eXp Realty of California, Inc.
(310) 465-3993
1 in this area
506 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24005106
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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