Erin Barry
Seven Gables Real Estate
(424) 688-7302
25 Total Sales
2 in Bluff Heights
$431K - $1.5M Price Range
3025 E 5th St Long Beach, CA 90814
Bluff Heights Neighborhood
3
Beds
2
Baths
14,584
Sq Ft
0.31
Acre Lot
About This Home
As of April 20243025 E. 5th Street is a 20-unit apartment asset located just one block from popular Retro Row in Long Beach, California. The property is comprised of (10) 2BD / 2BA units and (10) 1BD / 1BA units surrounding a landscaped courtyard. Fourteen (14) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The ten (10) existing garages offer the opportunity for additional income or for ADU conversion to increase rental income. 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: 12/07/2023
Last Buyer's Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 12/07/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1961
Lot Details
- 13,501 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 10 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 14,584 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 17 / G
- Tax Tract Number 5768
- Assessor Parcel Number 7257006031
- $3,614 per year additional tax assessments
Community Details
Overview
- 20 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 20 Separate Electric Meters
- 20 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $13,720
- Gardener Expense $1,200
- Insurance Expense $13,000
- Maintenance Expense $14,000
- Other Expense $6,000
- Pest Control $1,200
- Professional Management Expense $30,885
- New Taxes Expense $74,541
- Operating Expense $156,345
- Gross Income $473,698
- Net Operating Income $317,352
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
Dec 7, 2023
Closed on
Apr 16, 2024
Sold by
Wsc Investment Partners Llc
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$6,300,000
Sold Price
$5,800,000
Premium/Discount to List
-$500,000
-7.94%
Views
54
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Outstanding Balance
$3,222,583
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 7, 2023
Closed on
Mar 21, 2024
Sold by
Wsc Investment Partners Llc
Bought by
Sr Properties Iv Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$6,300,000
Sold Price
$5,800,000
Premium/Discount to List
-$500,000
-7.94%
Views
54
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300,000
Outstanding Balance
$3,222,583
Interest Rate
6.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 23, 2017
Sold by
Karahalios George M
Bought by
Wsc Investment Partners Llc
Purchase Details
Closed on
Sep 18, 2006
Sold by
5Th Street Apartments Llc
Bought by
Karahalios George M and G & A Karahalios Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.33%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 13, 2003
Sold by
Macklin Julie E
Bought by
5Th Street Apartments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
6.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 20, 1997
Sold by
Macklin Julie E
Bought by
Macklin Julie E and The Julie E Macklin Revocable Trust
Purchase Details
Closed on
Feb 13, 1997
Sold by
Macklin Richard E
Bought by
Macklin Julie E
Purchase Details
Closed on
Nov 30, 1993
Sold by
Ryan Richard C
Bought by
Macklin Richard E and Macklin Julie E
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bluff Heights, CA
-
Erin Barry
-
Teresa Gorman
Teresa Gorman
Fiduciary Real Estate Services
(949) 569-5182
78 Total Sales
1 in Bluff Heights
$1,450,000 Price
-
Michael Mackenbach
Michael Mackenbach
Estate Properties
(424) 373-6410
54 Total Sales
1 in Bluff Heights
$1,045,600 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
46 Total Sales
2 in Bluff Heights
$434,000 Price Range
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
43 Total Sales
1 in Bluff Heights
$460,000 Price
-
Minerva Corral
Minerva Corral
CORRAL INVESTMENTS & REALTY
(626) 247-3609
27 Total Sales
3 in Bluff Heights
$530K - $575K 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 |
|---|---|---|---|
| $5,800,000 | Chicago Title Company | ||
| Sr Properties Iv Llc | $5,800,000 | Chicago Title Company | |
| Wsc Investment Partners Llc | $4,900,000 | Ticor Title | |
| Karahalios George M | $2,800,000 | Fidelity Glendale | |
| 5Th Street Apartments Llc | $2,000,000 | Fidelity National Title Co | |
| Macklin Julie E | -- | -- | |
| Macklin Julie E | -- | -- | |
| Macklin Richard E | -- | 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 |
|---|---|---|---|
| Open | $3,300,000 | ||
| Previous Owner | Karahalios George M | $1,400,000 | |
| Previous Owner | 5Th Street Apartments Llc | -- | |
| Previous Owner | 5Th Street Apartments Llc | $1,400,000 |
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 |
|---|---|---|---|---|
| 04/23/2024 04/23/24 | Sold | $5,800,000 | -3.3% | $398 / Sq Ft |
| 04/08/2024 04/08/24 | Pending | -- | -- | -- |
| 03/18/2024 03/18/24 | Price Changed | $5,995,000 | -4.8% | $411 / Sq Ft |
| 12/07/2023 12/07/23 | For Sale | $6,300,000 | -- | $432 / 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 | $79,290 | $6,034,320 | $2,496,960 | $3,537,360 |
| 2025 | $79,290 | $5,916,000 | $2,448,000 | $3,468,000 |
| 2024 | $73,009 | $5,575,360 | $2,275,657 | $3,299,703 |
| 2023 | $71,768 | $5,466,040 | $2,231,037 | $3,235,003 |
| 2022 | $67,353 | $5,358,864 | $2,187,292 | $3,171,572 |
| 2021 | $65,989 | $5,253,789 | $2,144,404 | $3,109,385 |
| 2019 | $65,043 | $5,099,360 | $2,080,800 | $3,018,560 |
| 2018 | $63,431 | $4,999,400 | $2,040,000 | $2,959,400 |
| 2016 | $39,444 | $3,168,962 | $1,358,126 | $1,810,836 |
| 2015 | $33,703 | $2,750,000 | $1,245,300 | $1,504,700 |
| 2014 | $31,305 | $2,500,000 | $1,132,100 | $1,367,900 |
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
80 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23222053
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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