Seller's Agent in 2025
Sarah Sees Smith
Seven Gables Real Estate
(562) 453-7788
1 in this area
41 Total Sales
4024 E 5th St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,343,000 - $1,370,000
4
Beds
2
Baths
2,040
Sq Ft
$665/Sq Ft
Est. Value
Highlights
- Spanish Architecture
- No HOA
- Zero Lot Line
- Fremont Elementary School Rated A
- Laundry Room
- 2 Car Garage
About This Home
As of January 2025Unlock the potential of this Spanish-style duplex, ideally situated in the highly desirable Belmont Heights Historic Neighborhood. This investment property combines timeless architectural appeal with immediate income-generating potential, making it a standout addition to any portfolio. Both units are currently tenant-occupied with rents at or near market value, providing steady income from day one. The property has been freshly painted, ensuring low maintenance costs and strong tenant retention. A newly constructed deck enhances the property's appeal, offering additional outdoor living space. Adding to the property's allure is its expansive lot, complete with mature orange trees that not only enhance the landscape but also offer an extra selling point for future tenants. The sizable lot presents a unique opportunity for further development, including the addition of ADUs (Accessory Dwelling Units), allowing you to maximize rental income and significantly increase property value (buyer to verify with City of Long Beach). Looking ahead, the upcoming 2028 Olympic Games in Long Beach presents a unique advantage for investors. With Long Beach set to host several Olympic events, the area is expected to see a surge in demand for short-term and long-term rentals, driving potential increases in rental income and property value. This duplex offers the perfect opportunity to capitalize on the increased attention and influx of visitors to the area, making it an even more attractive investment.This property is not just a piece of real estate; it’s a strategic investment in one of Long Beach's most storied neighborhoods. Whether you’re looking to expand your portfolio or capitalize on the growing demand for quality rental properties, this duplex offers both immediate returns and long-term appreciation potential.
Seize this rare opportunity to invest in Belmont Heights—where historic charm meets modern profitability!
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Email: sarahs@sevengables.com License #02139512 Listed on: 08/15/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,770 Sq Ft Lot
- No Common Walls
- Rectangular Lot
- Zero Lot Line
Parking
- 2 Car Garage
- 3 Open Parking Spaces
- Parking Available
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
Interior Spaces
- 2,040 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Exterior Lighting
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 4
- Assessor Parcel Number 7255019008
Community Details
Overview
- No Home Owners Association
- 2 Units
- Belmont Heights Subdivision
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,800
- Insurance Expense $2,500
- New Taxes Expense $16,500
- Operating Expense $20,800
- Gross Income $59,700
- Net Operating Income $38,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 15, 2024
Closed on
Dec 6, 2024
Sold by
Holly Lou Streem Revocable Living Trust and Streem Holly Lou
Bought by
Amos A Elam And Mary E Elam Family Trust and Elam
Seller's Agent
Sarah Sees Smith
Seven Gables Real Estate
Buyer's Agent
Kevin Hoban
Kevin C. Hoban, Broker
List Price
$1,325,000
Sold Price
$1,345,000
Premium/Discount to List
$20,000
1.51%
Views
55
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
$11,258
Avg. Annual Appreciation
0.80%
Original Mortgage
$425,000
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 27, 2022
Sold by
Streem Holly Lou
Bought by
Holly Lou Streem Revocable Living Trust and Streem
Purchase Details
Closed on
May 15, 2006
Sold by
Streem Holly Lou and Streem Holly Lou
Bought by
Streem Holly Lou
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,900
Interest Rate
6.37%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 9, 2004
Sold by
Streem Holly Lou
Bought by
Streem Holly Lou and Holly Lou Streem Revocable Living Trust
Purchase Details
Closed on
Jan 13, 2004
Sold by
Warner Dan and Ross Dena
Bought by
Streem Holly Lou
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Amos A Elam And Mary E Elam Family Trust | $1,345,000 | Lawyers Title Company | |
| Holly Lou Streem Revocable Living Trust | -- | None Listed On Document | |
| Streem Holly Lou | -- | Pacific Title | |
| Streem Holly Lou | -- | -- | |
| Streem Holly Lou | $620,000 | First Southwestern Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Amos A Elam And Mary E Elam Family Trust | $425,000 | |
| Previous Owner | Streem Holly Lou | $568,900 | |
| Previous Owner | Streem Holly Lou | $496,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/28/2025 01/28/25 | Sold | $1,345,000 | +1.5% | $659 / Sq Ft |
| 11/05/2024 11/05/24 | For Sale | $1,325,000 | -1.5% | $650 / Sq Ft |
| 10/28/2024 10/28/24 | Off Market | $1,345,000 | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $1,325,000 | -1.5% | $650 / Sq Ft |
| 10/27/2024 10/27/24 | Off Market | $1,345,000 | -- | -- |
| 10/26/2024 10/26/24 | For Sale | $1,325,000 | -1.5% | $650 / Sq Ft |
| 10/25/2024 10/25/24 | Off Market | $1,345,000 | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $1,325,000 | -1.5% | $650 / Sq Ft |
| 09/21/2024 09/21/24 | Off Market | $1,345,000 | -- | -- |
| 09/20/2024 09/20/24 | For Sale | $1,325,000 | -1.5% | $650 / Sq Ft |
| 09/19/2024 09/19/24 | Off Market | $1,345,000 | -- | -- |
| 08/15/2024 08/15/24 | For Sale | $1,325,000 | -- | $650 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $11,109 | $881,492 | $497,618 | $383,874 |
| 2024 | $11,109 | $864,209 | $487,861 | $376,348 |
| 2023 | $10,922 | $847,265 | $478,296 | $368,969 |
| 2022 | $10,248 | $830,653 | $468,918 | $361,735 |
| 2021 | $10,044 | $814,367 | $459,724 | $354,643 |
| 2019 | $9,898 | $790,215 | $446,090 | $344,125 |
| 2018 | $9,639 | $774,722 | $437,344 | $337,378 |
| 2016 | $8,862 | $744,640 | $420,362 | $324,278 |
| 2015 | $8,502 | $733,456 | $414,048 | $319,408 |
| 2014 | $8,440 | $719,090 | $405,938 | $313,152 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Sees Smith
-
Kevin Hoban
Buyer's Agent in 2025
Kevin Hoban
Kevin C. Hoban, Broker
(562) 708-0393
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24167619
APN: 7255-019-008
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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