NOT LISTED FOR SALE

2333 E 5th St Long Beach, CA 90814

Bluff Heights Neighborhood
3 Beds
3 Baths
13,996 Sq Ft
0.3 Acres

Last Sold May 03, 2018

Last sale price $6,800,000 $486 Per Sq Ft

65 Days on Market

Highlights

  • 0.3 Acre Lot
  • Recessed Lighting
  • Tile Flooring
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Level Lot

About This Home

As of May 2018

The East Fifth Street Apartments is comprised of two buildings consisting of eighteen-one bedroom units, four-two bedroom units, twelve private garages and a well-maintained central courtyard. The property has 19 of the 22 unit remodeled with high end finishes--offering investors a turn-key asset. The building is located in the trendy Retro Row neighborhood and walking distance to 4th Street restaurants, coffee shops, shopping and nightlife venues.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 12/12/2017

Keller Williams Realty Downey

Last Buyer's Agent

Stephen Leider

Keller Williams Realty License #02021407

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Level Lot
  • 7263021008

Parking

  • 12 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 13,996 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Tile Flooring
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5768
  • Assessor Parcel Number 7263021007

Community Details

Overview

  • 2 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Building Details

  • 22 Separate Electric Meters
  • 22 Separate Gas Meters
  • 22 Separate Water Meters
  • Electric Expense $2,750
  • Fuel Expense $2,750
  • Gardener Expense $2,040
  • Insurance Expense $6,982
  • Maintenance Expense $7,700
  • Other Expense $3,000
  • Pest Control $2,040
  • Professional Management Expense $17,091
  • Supplies Expense $3,300
  • Trash Expense $2,750
  • Water Sewer Expense $2,750
  • New Taxes Expense $83,910
  • Operating Expense $137,952
  • Gross Income $449,760
  • Net Operating Income $289,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

12

Listing Details

  • Professional Management Expense: 17091.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Maintained
  • Subdivision Name Other: Retro Row
  • Supplies Expense: 3300.00
  • Water Sewer Expenses: 2750.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 2040.00
  • Parcel Number: 7263021007
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 485.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Total Parking Spaces: 12.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Range Hood
  • Laundry Features: Common Area
  • Pest Control Expense: 2040.00
  • Sewer: Unknown
  • Trash Expense: 2750.00
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7263021008
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size Sq Ft: 13008.00
  • Lot Size Acres: 0.2986

Multi Family

  • Electric Expense: 2750.00
  • Fuel Expense: 2750.00
  • Garage Income: 9600.00
  • Gross Income: 449760.00
  • Gross Operating Income: 427272.00
  • Gross Scheduled Income: 436200.00
  • Insurance Expense: 6982.00
  • Laundry Income: 3960.00
  • Lot Size Area: 13008.0000 Square Feet
  • Maintenance Expense: 7700.00
  • Net Operating Income: 289320.00
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 22
  • Number Of Units Total: 22
  • Operating Expense: 137952.00
  • Other Expense: 3000.00
  • Other Expense Description: OS-MGMT
  • Rent Control: No
  • Total Actual Rent: 36350.00
  • Total Expenses: 137952.00

Tax Info

  • New Taxes Expense: 83910.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 6
  • Tax Tract Number: 5768

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2018 05/03/18 Sold $6,800,000 -2.9% $486 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
12/12/2017 12/12/17 For Sale $7,000,000 -- $500 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2018

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    4 in this area

    75 Total Sales

    Robert Stepp
    Section Image

  • S

    Buyer's Agent in 2018

    Stephen Leider

    Keller Williams Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17273691

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 Bluff Heights

2333 E 5th St, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) 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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