NOT LISTED FOR SALE

429 W 5th St Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $918,000 - $1,444,000

5 Beds
4 Baths
2,372 Sq Ft
$473/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2016

Last sale price $590,000 $249 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,917 / mo

27 Days on Market

About This Home

As of March 2016

Four (4) Houses on a lot, in Rose Park South Historic District in downtown Long Beach. A few blocks walk to the beach. Close to most city activities.
Fully rented. Tenants love the properties. One unit 2 bedroom 1 Bath, 3 units 1 Bedroom and 1 Bath.

Last Agent to Sell the Property

Fernando Gosioco

Gateland Realty License #01367133 Listed on: 01/05/2016

Last Buyer's Agent

Matt Simmons

Time Realty License #01399790

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 3,736 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 2,372 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 5759
  • Assessor Parcel Number 7280001127

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,300
  • Gross Income $3,750
  • Net Operating Income $40,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

3,736 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7280001127
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 248.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3736.00
  • Price Per Lot Square Foot: 157.92
  • Lot Size Acres: 0.0860

Multi Family

  • Gross Income: 3750.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 3736.0000 Square Feet
  • Net Operating Income: 40400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1300.00
  • Rent Control: No
  • Total Actual Rent: 3750.00

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 5759

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
Jan 5, 2016
Closed on
Mar 23, 2016
Sold by
Bought by
Seller's Agent
Fernando Gosioco
Gateland Realty
Buyer's Agent
Matt Simmons
Time Realty
List Price
$620,000
Sold Price
$590,000
Premium/Discount to List
-$30,000
-4.84%
Current Estimated Value
$1,121,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$531,399
Avg. Annual Appreciation
6.40%
Original Mortgage
$442,500
Interest Rate
0.0365%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
0.0435%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,625
Interest Rate
0.0452%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,625
Interest Rate
0.0452%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
0.0673%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,537
Interest Rate
0.0673%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- Lawyers Title
$590,000 Lawyers Title
$370,000 Ticor Title Tustin Orange Co
$270,000 Lawyers Title Company
$565,184 None Available
$412,000 Wrt
$550,000 Western Resources 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 $442,500
Previous Owner $259,000
Previous Owner $212,625
Previous Owner $200,000
Previous Owner $532,000
Previous Owner $397,000
Previous Owner $510,537
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
03/25/2016 03/25/16 Sold $590,000 -4.8% $249 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $620,000 -- $261 / 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
2025 $9,678 $698,433 $473,516 $224,917
2024 $9,248 $684,739 $464,232 $220,507
2023 $9,087 $671,314 $455,130 $216,184
2022 $8,536 $658,152 $446,206 $211,946
2021 $8,356 $645,248 $437,457 $207,791
2020 $8,334 $638,633 $432,972 $205,661
2019 $8,237 $626,112 $424,483 $201,629
2018 $8,012 $613,836 $416,160 $197,676
2016 $5,182 $400,434 $281,387 $119,047
2015 $4,982 $394,420 $277,161 $117,259
2014 $4,965 $386,695 $271,732 $114,963
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2016

    Fernando Gosioco

    Gateland Realty

    Section Image

  • M

    Buyer's Agent in 2016

    Matt Simmons

    Time Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16002759

California Regional Multiple Listing Service (CRMLS)

APN: 7280-001-127

California Los Angeles County Long Beach 90802 West Village

429 W 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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