NOT LISTED FOR SALE

2834 E 5th St Long Beach, CA 90814

Bluff Heights Neighborhood

Estimated Value: $1,339,498 - $1,803,000

5 Beds
4 Baths
2,721 Sq Ft
$548/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $840,000 $309 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $8,891/month

23 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Private Yard
  • Woodrow Wilson High School Rated A
  • Granite Countertops
  • Ceiling Fan

About This Home

As of August 2015

Located in a highly desirable neighborhood for renters and homeowners alike, this fourplex is perfect for an owner occupant who wants to live near the beach and take advantage of rental income to offset their mortgage or for an investor looking for a true pride of ownership property for their portfolio. TONS OF RENTAL UPSIDE!! The front building consists of a one bedroom one bath downstairs and a two bedroom one bath upstairs along with a private yard for the tenants. Both units have had some updating and the upper unit has hardwood floors, a remodeled bathroom and a remodeled kitchen with granite counters. There is a new roof and two garages. The two units in the back feel more like individual houses. A private fenced yard fronts the first one which is a well laid out one bedroom one bath tastefully remodeled with granite counters, an updated bathroom and refinished hardwood floors. The one bedroom at the back also has a great layout, remodeled kitchen, new tile shower and a private garage. In addition to the three garages there is plenty of onsite parking for the tenants. The current owner has kept rents below market – this is a great time to get in the game with an ideally located property with tons of upside!

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 05/08/2015

Last Buyer's Agent

Shayne Fee

Balboa Real Estate, Inc License #01398708

Balboa Real Estate, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,981

Year Built

  • Built in 1955

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,721 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5768
  • Assessor Parcel Number 7257008006

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,981

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 7257008006
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 308.71

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Level with Street, Near Public Transit, Yard
  • Lot Size Sq Ft: 6751.00
  • Price Per Lot Square Foot: 124.43
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 6751.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 4300.00

Tax Info

  • Taxes Percent: 1.25
  • Tax Lot: 5
  • Tax Tract Number: 5768
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2015
Sold by
Daniel Cynthia K and Cynthia K Daniel Living Trust
Bought by
Fee Shayne and Robinson Sarah
Current Estimated Value
$1,491,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$808,912
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 12, 2012
Sold by
Daniel Cynthia K
Bought by
Daniel Cynthia K and Cynthia K Daniel Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2006
Sold by
Daniel Cynthia K
Bought by
Daniel Cynthia K and Cynthia K Daniel Living Trust

Purchase Details

Closed on
Apr 23, 2004
Sold by
Temple Associates
Bought by
Daniel Cynthia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fee Shayne $840,000 First American Title
Daniel Cynthia K -- None Available
Daniel Cynthia K -- Lawyers Title
Daniel Cynthia K -- None Available
Daniel Cynthia K $685,000 Lawyers Title Company
Temple Associates -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fee Shayne $808,912
Previous Owner Daniel Cynthia K $475,000
Previous Owner Daniel Cynthia K $548,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2015 08/21/15 Sold $840,000 -2.9% $309 / Sq Ft
05/21/2015 05/21/15 Pending -- -- --
04/28/2015 04/28/15 For Sale $865,000 -- $318 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $12,981 $994,381 $710,274 $284,107
2024 $12,981 $974,885 $696,348 $278,537
2023 $12,761 $955,771 $682,695 $273,076
2022 $11,987 $937,031 $669,309 $267,722
2021 $11,744 $918,659 $656,186 $262,473
2019 $11,577 $891,413 $636,724 $254,689
2018 $11,199 $873,936 $624,240 $249,696
2016 $10,306 $840,000 $600,000 $240,000
2015 $9,995 $836,376 $414,048 $422,328
2014 $7,205 $580,000 $319,900 $260,100
Source: Public Records

Agents Affiliated with this Home

  • Lorri Quiett

    Seller's Agent in 2015

    Lorri Quiett

    Vylla Home, Inc.

    (562) 682-3130

    4 in this area

    135 Total Sales

    Lorri Quiett
    Section Image

  • S

    Buyer's Agent in 2015

    Shayne Fee

    Balboa Real Estate, Inc

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15090064

California Regional Multiple Listing Service (CRMLS)

APN: 7257-008-006

California Los Angeles County Long Beach 90814 Bluff Heights

2834 E 5th St, Long Beach, CA

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