NOT LISTED FOR SALE

425 E 5th St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $2,119,099

7 Beds
4 Baths
3,545 Sq Ft
$598/Sq Ft Est. Value

Last Sold June 03, 2016

Last sale price $765,000 $216 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $12,116/month

About This Home

As of June 2016

5 unit multi family building in prime Downtown Long Beach location. 4 separate structures with 4 single car garages. Older building with some deferred maintenance sold in "as is" condition. Property sold off market. Information provide for comp purposes only.

Last Agent to Sell the Property

Michael Harper

HH Coastal Real Estate License #01381971 Listed on: 06/03/2016

Last Buyer's Agent

Parham Khoshbakhtian

Parham Khoshbakhtian, Broker License #01446947

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,901

Year Built

  • Built in 1912

Lot Details

  • 7,546 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 3,545 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 5762
  • Assessor Parcel Number 7281002024

Community Details

Overview

  • 4 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $2,984
  • Professional Management Expense $11,000
  • Water Sewer Expense $3,500
  • Gross Income $5,600
  • Net Operating Income $39,627

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,901

Year Built

Built in 1912

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 11000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 3500.00
  • Property Type: Residential Income
  • Parcel Number: 7281002024
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 215.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7546.00
  • Price Per Lot Square Foot: 101.38

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 5600.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 2984.00
  • Net Operating Income: 39627.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 25584.00
  • Rent Control: No
  • Total Actual Rent: 5550.00

Tax Info

  • Tax Lot: 24
  • Tax Tract Number: 5762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2024
Sold by
Horizon Mesa Llc
Bought by
425 E 5Th St Llc
Current Estimated Value
$2,119,099

Purchase Details

Closed on
Jun 25, 2019
Sold by
Vista Mesa Investment Group Llc
Bought by
Horizon Mesa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4%

Purchase Details

Closed on
Jan 22, 2019
Sold by
Vista Mesa Investment Group Llc
Bought by
Horizon Mesa Llc

Purchase Details

Closed on
Feb 10, 2016
Sold by
5Th Street Holdings Lp
Bought by
Vista Mesa Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2007
Sold by
Crean James and Crean Jennifer
Bought by
5Th Street Holdings Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,250
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2004
Sold by
Okura Tsuyoshi
Bought by
Crean James and Crean Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 1998
Sold by
Okura Tsuyoshi
Bought by
Okura Tsuyoshi
Source: Public Records

Range of Values:

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Average Value
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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
425 E 5Th St Llc $2,100,000 Lawyers Title Company
Horizon Mesa Llc -- Chicago Title Company
Horizon Mesa Llc -- None Available
Vista Mesa Investment Group Llc $765,000 Chicago Title
5Th Street Holdings Lp -- Fidelity National Title
Crean James $425,000 First American Title Co Los
Okura Tsuyoshi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Horizon Mesa Llc $700,000
Previous Owner Vista Mesa Investment Group Llc $500,000
Previous Owner 5Th Street Holdings Lp $362,250
Previous Owner Crean James $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2016 06/03/16 Sold $765,000 0.0% $216 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
06/03/2016 06/03/16 For Sale $765,000 -- $216 / 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 $9,901 $2,142,000 $1,428,000 $714,000
2024 $9,901 $609,305 $609,305 --
2023 $9,680 $597,358 $597,358 $0
2022 $10,866 $732,985 $585,646 $147,339
2021 $10,612 $718,613 $574,163 $144,450
2020 $12,265 $828,258 $568,276 $259,982
2019 $10,720 $812,023 $557,134 $254,889
2018 $10,359 $796,106 $546,210 $249,896
2016 $6,583 $510,438 $300,258 $210,180
2015 $6,329 $502,771 $295,748 $207,023
2014 $6,290 $492,923 $289,955 $202,968
Source: Public Records

Agents Affiliated with this Home

  • Michael Harper

    Seller's Agent in 2016

    Michael Harper

    HH Coastal Real Estate

    (310) 698-7899

    112 Total Sales

    Michael Harper
    Section Image
  • Parham Khoshbakhtian

    Buyer's Agent in 2016

    Parham Khoshbakhtian

    Parham Khoshbakhtian, Broker

    (949) 929-5901

    3 Total Sales

    Parham Khoshbakhtian
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16119424

California Regional Multiple Listing Service (CRMLS)

APN: 7281-002-024

California Los Angeles County Long Beach 90802 East Village

425 E 5th St, Long Beach, CA

This home is located at 425 E 5th St, Long Beach, CA 90802 since 03 June 2016 and is currently estimated at $2,119,099, approximately $597 per square foot. This property was built in 1912. 425 E 5th St is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

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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