NOT LISTED FOR SALE

441 E 5th St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,333,665 - $1,625,000

4 Beds
4 Baths
3,520 Sq Ft
$425/Sq Ft Est. Value

Last Sold October 23, 2017

Last sale price $950,000 $270 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,245/month

277 Days on Market

Highlights

  • City Lights View
  • 4-minute walk to 5Th Street Station
  • Property is near a park
  • Long Beach Polytechnic High School Rated A
  • 3,010 Sq Ft lot
  • Spanish Architecture

About This Home

As of October 2017

441 E. 5th street -This classic beauty offers an investor the opportunity to acquire a value-add asset with a strong rental history. Located in the heart of Long Beach in one of the most sought after neighborhoods Downtown has to offer. Originally constructed in 1918 this well maintained building has great charm featuring built in cabinetry throughout each unit. Hardwood flooring in all living rooms, bedrooms and hallways. Kitchen's have ceramic tile flooring, counters and gas range stoves. Each unit has it's own large laundry room.
Short walk to the Beach, Shopping, restaurants, nightlife, Rail and bus services.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 11/21/2016

Co-Listed By

George Bustamante

Coldwell Banker Commercial License #01484265

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 11/21/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,968

Year Built

  • Built in 1918

Lot Details

  • 3,010 Sq Ft Lot
  • Lot Dimensions are 1505 x 2
  • No Common Walls
  • Corner Lot
  • Level Lot

Home Design

  • Spanish Architecture
  • Raised Foundation

Interior Spaces

  • 3,520 Sq Ft Home
  • 2-Story Property
  • Awning
  • City Lights Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 28 / 53
  • Tax Tract Number 1
  • Assessor Parcel Number 7281002027

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $56,580
  • Net Operating Income $33,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,968

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.05
  • Other Phone Description: Cell phone
  • Other Phone Number: 310-490-8134
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBPD30
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7281002027
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 269.89

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Level with Street, Park Nearby
  • Lot Size: 1505 x 2
  • Lot Size Sq Ft: 3010.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 880 Square Feet
  • Gross Income: 56580.00
  • Gross Multiplier: 19.45
  • Gross Operating Income: 54883.00
  • Gross Scheduled Income: 56580.00
  • Net Operating Income: 33568.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 21315.00
  • Rent Control: No
  • Total Actual Rent: 48480.00
  • Vacancy Allowance: 1697
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 53
  • Tax Census Tract: 5762.00
  • Tax Lot: 28
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2016
Closed on
Nov 1, 2017
Sold by
Jacques Cameron J
Bought by
Aywre Llc and Motlf Llc
Seller's Agent
Cameron Jacques
Kinnery's Brokerage House
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Current Estimated Value
$1,494,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,666
Avg. Annual Appreciation
5.73%

Purchase Details

Listed on
Nov 21, 2016
Closed on
Aug 30, 2017
Sold by
Paxton Lloyd Clair
Bought by
Jacques Cameron J and Jacques Kinnery C
Seller's Agent
Cameron Jacques
Kinnery's Brokerage House
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2014
Sold by
Paxton Lloyd Clair
Bought by
Paxton Lloyd Clair and Smith William Earl

Purchase Details

Closed on
Jan 22, 2013
Sold by
Smith William Earl
Bought by
Paxton Lloyd Clair

Purchase Details

Closed on
Jul 20, 2004
Sold by
Mctavish Timothy J
Bought by
Paxton Lloyd Clair and Smith William Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,999
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2002
Sold by
Davis Kevin B
Bought by
Mctavish Timothy J and Munoz Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.89%

Purchase Details

Closed on
Oct 25, 2002
Sold by
Davis Kari
Bought by
Davis Kevin B and Davis Kari L

Purchase Details

Closed on
Mar 26, 2002
Sold by
Aames Capital Corp
Bought by
Grp Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.85%

Purchase Details

Closed on
Mar 12, 2002
Sold by
Davis Kevin
Bought by
Davis Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.85%

Purchase Details

Closed on
Mar 7, 2002
Sold by
Grp Realty Llc
Bought by
Davis Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.85%

Purchase Details

Closed on
Jan 16, 2001
Sold by
Bank United
Bought by
Greer Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,500
Interest Rate
10.73%

Purchase Details

Closed on
Mar 9, 2000
Sold by
Wang Bao Ju
Bought by
Bank United

Purchase Details

Closed on
Sep 30, 1999
Sold by
Mortgage Associates Inc
Bought by
Wang Bao Ju

Purchase Details

Closed on
Apr 14, 1999
Sold by
Wang Bao Ju
Bought by
Mortgage Associates Inc

Purchase Details

Closed on
Dec 28, 1998
Sold by
Wang Bao Ju
Bought by
Mortgage Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.73%

Purchase Details

Closed on
Dec 15, 1998
Sold by
Shaw Laurel
Bought by
Shaw John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.73%

Purchase Details

Closed on
Nov 4, 1998
Sold by
Shaw John
Bought by
Wang Bao Ju

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.73%

Purchase Details

Closed on
Nov 2, 1998
Sold by
Shaw John
Bought by
Shaw John and Totton Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.73%

Purchase Details

Closed on
Jan 6, 1995
Sold by
Shaw Laurel B
Bought by
Shaw John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,168
Interest Rate
8.86%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 2, 1994
Sold by
California Federal Bank Fsb
Bought by
Shaw John and Helms Ruby O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,168
Interest Rate
8.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 1994
Sold by
Cal Fed Service Corp
Bought by
California Federal Bank Fsb
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Aywre Llc -- None Available
Jacques Cameron J $950,000 Ticor Title Company
Paxton Lloyd Clair -- None Available
Paxton Lloyd Clair -- None Available
Paxton Lloyd Clair $630,000 North American Title
Mctavish Timothy J $370,000 Fidelity National Title Co
Davis Kevin B -- --
Grp Realty Llc -- Fidelity National Title
Davis Kari -- Fidelity National Title
Davis Kari $215,500 Fidelity National Title
Greer Cynthia $310,000 Stewart Title
Bank United $251,100 Fidelity Title
Wang Bao Ju -- American Title
Mortgage Associates Inc -- American Title
Mortgage Associates Inc -- --
Wang Bao Ju -- First Southwestern Title Co
Shaw John -- First Southwestern Title Co
Wang Bao Ju $164,000 First Southwestern Title Co
Shaw John -- First Southwestern Title Co
Shaw John -- Fidelity National Title Ins
Shaw John $139,000 Fidelity National Title Ins
California Federal Bank Fsb $132,125 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jacques Cameron J $650,000
Previous Owner Paxton Lloyd Clair $499,999
Previous Owner Mctavish Timothy J $150,000
Previous Owner Mctavish Timothy J $296,000
Previous Owner Davis Kevin B $50,000
Previous Owner Davis Kari $172,000
Previous Owner Greer Cynthia $263,500
Previous Owner Wang Bao Ju $225,000
Previous Owner Shaw John $137,168
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2017 10/23/17 Sold $950,000 -13.6% $270 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $1,100,000 -- $313 / 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 $13,968 $1,080,932 $756,654 $324,278
2024 $13,968 $1,059,738 $741,818 $317,920
2023 $13,731 $1,038,960 $727,273 $311,687
2022 $12,890 $1,018,589 $713,013 $305,576
2021 $12,624 $998,618 $699,033 $299,585
2019 $12,443 $969,220 $678,300 $290,920
2018 $12,133 $950,220 $665,000 $285,220
2017 $8,498 $643,580 $353,823 $289,757
2016 $7,892 $630,962 $346,886 $284,076
2015 $7,581 $621,485 $341,676 $279,809
2014 $7,540 $609,312 $334,984 $274,328
Source: Public Records

Agents Affiliated with this Home

  • Cameron Jacques

    Seller's Agent in 2017

    Cameron Jacques

    Kinnery's Brokerage House

    (562) 800-0838

    2 in this area

    54 Total Sales

    Cameron Jacques
    Section Image
  • George Bustamante

    Seller Co-Listing Agent in 2017

    George Bustamante

    Coldwell Banker Commercial

    (562) 326-5043

    42 Total Sales

    George Bustamante
    Section Image
  • Austin Carr

    Buyer Co-Listing Agent in 2017

    Austin Carr

    Realty One Group United

    (562) 537-7496

    17 Total Sales

    Austin Carr
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16751210

California Regional Multiple Listing Service (CRMLS)

APN: 7281-002-027

California Los Angeles County Long Beach 90802 East Village

441 E 5th St, Long Beach, CA

This home is located at 441 E 5th St, Long Beach, CA 90802 since 21 November 2016 and is currently estimated at $1,494,666, approximately $424 per square foot. This property was built in 1918. 441 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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