NOT LISTED FOR SALE

5101 E 1st St Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,569,000 - $1,678,000

5 Beds
3 Baths
2,691 Sq Ft
$611/Sq Ft Est. Value

Last Sold December 03, 2024

Last sale price $1,600,000 $595 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,614/month

70 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Wood Flooring
  • No HOA
  • Naples Bayside Academy Rated A
  • Corner Lot
  • Park

About This Home

As of December 2024

Prime Triplex in the Heart of Belmont Shore. Located on the North/East corner of 1st St. & Granada. Easy walk to 2nd St., Beach, or Pool. Unit Mix of: 2-(2 Br's), 1-(1 Br) and 3-(Garages). First time for sale in 50+ years! Beautiful hardwood flooring. Large units, bldg. sq.ft is 2,691. Well maintained. Termite completion in 2022. Common Laundry room. See attached supplements.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 09/05/2024

Last Buyer's Agent

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 09/05/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 2,704 Sq Ft Lot
  • Lot Dimensions are 30 x 90
  • Two or More Common Walls
  • Wood Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 3 Car Garage
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Midcentury Modern Architecture
  • Apartment
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,691 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / 23
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247015012
  • $621 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,440
  • Insurance Expense $2,550
  • Maintenance Expense $1,200
  • Other Expense $2,000
  • Pest Control $1,545
  • Professional Management Expense $4,080
  • Supplies Expense $500
  • Gross Income $80,315

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4080.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • Supplies Expense: 500.00
  • Zoning: LBR2S
  • Architectural Style: Mid Century Modern
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7247015012
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 594.57

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage Faces Front, Street
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1545.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Level with Street, Rectangular Lot, Walkstreet
  • Lot Size: 30 X 90
  • Lot Size Sq Ft: 2704.00
  • Lot Size Acres: 0.0621

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 20.50
  • Gross Operating Income: 80315.00
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 2550.00
  • Lot Size Area: 2704.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Other Expense: 2000.00
  • Other Expense Description: Utilitie
  • Rent Control: Yes
  • Total Actual Rent: 6900.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 23
  • Tax Census Tract: 5773.00
  • Tax Lot: 15
  • Tax Tract Number: 3750
  • TaxOtherAnnualAssessmentAmount: 621.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Michelle Todd Bartlett Living Trust and Castillo James L
Bought by
Cady Kim S and Mcdevitt Theresa E
Current Estimated Value
$1,643,341

Purchase Details

Closed on
Apr 1, 2016
Sold by
Bartlett Michelle T
Bought by
Bartlett Michelle T and The Michelle E Todd Living Trust

Purchase Details

Closed on
Jul 16, 2013
Sold by
Bartlett Michelle T
Bought by
Bartlett Gary L and Bartlett Michelle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2009
Sold by
Todd Michelle E
Bought by
Bartlett Michelle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2001
Sold by
Todd Michelle E
Bought by
Todd Michelle E and Michelle E Todd Living Trust

Purchase Details

Closed on
Mar 27, 1998
Sold by
Todd Eleanor N Trs
Bought by
Murray Michelle Todd

Purchase Details

Closed on
Apr 5, 1997
Sold by
Todd Eleanor N Tr
Bought by
Murray Michelle Todd

Purchase Details

Closed on
Dec 27, 1996
Sold by
Todd Eleanor N
Bought by
Murray Michelle Todd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cady Kim S -- None Listed On Document
Bartlett Michelle T -- None Available
Bartlett Michelle T -- None Available
Bartlett Gary L -- Ticor Title Company Of Ca
Bartlett Michelle T -- Nations Title Company Of Ca
Bartlett Michelle T -- Nations Title Company Of Ca
Todd Michelle E -- --
Todd Michelle E -- --
Murray Michelle Todd -- --
Murray Michelle Todd -- --
Murray Michelle Todd -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bartlett Gary L $430,000
Previous Owner Bartlett Michelle T $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2024 12/03/24 Sold $1,600,000 -5.6% $595 / Sq Ft
10/24/2024 10/24/24 Price Changed $1,695,000 -5.6% $630 / Sq Ft
09/05/2024 09/05/24 For Sale $1,795,000 -- $667 / 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 $12,360 $1,600,000 $1,000,000 $600,000
2024 $12,360 $945,159 $597,986 $347,173
2023 $2,280 $133,314 $72,548 $60,766
2022 $2,156 $130,701 $71,126 $59,575
2021 $2,092 $128,139 $69,732 $58,407
2019 $2,062 $124,340 $67,664 $56,676
2018 $1,974 $121,903 $66,338 $55,565
2016 $1,806 $117,171 $63,763 $53,408
2015 $1,744 $115,412 $62,806 $52,606
2014 $1,749 $113,152 $61,576 $51,576
Source: Public Records

Agents Affiliated with this Home

  • Mark Kachigan

    Seller's Agent in 2024

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    4 in this area

    35 Total Sales

    Mark Kachigan
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24180202

California Regional Multiple Listing Service (CRMLS)

APN: 7247-015-012

California Los Angeles County Long Beach 90803 Belmont Shore

5101 E 1st St, Long Beach, CA

Not Listed for Sale

MultiFamily

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