NOT LISTED FOR SALE

5111 Long Beach Ave Vernon, CA 90058

Central Alameda Neighborhood

Estimated Value: $952,381

4 Beds
4 Baths
4,232 Sq Ft
$225/Sq Ft Est. Value

Last Sold August 18, 2017

Last sale price $625,000 $148 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $6,061/month

324 Days on Market

About This Home

As of August 2017

BACK ON THE MARKET, PLEASE REVIEW AGENT REMARKS, GREAT OPPORTUNITY COMMERCIAL AND RESIDENTIAL MIX, ONE UNIT IS GROCERY STORE, CURRENT USE AS STORAGE, PLUS 4 APARTMENTS OF ONE BEDROOM ONE BATH EACH, GOOD LOCATION MONEY MAKER INCOME PROPERTY, CLOSE TO DOWNTOWN, MINUTES TO STAPLE CENTER AND USC.

Last Agent to Sell the Property

Daniel Diaz

First Family Homes License #01148097 Listed on: 09/15/2016

Last Buyer's Agent

Carlos Sandoval

SAND MANAGEMENT GROUP License #01775040

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,906

Year Built

  • Built in 1959

Lot Details

  • 6,242 Sq Ft Lot
  • No Common Walls
  • Land Lease

Home Design

  • 4,232 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 62
  • Tax Tract Number 2288
  • Assessor Parcel Number 5106026032

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Water Sewer Expense $3,200
  • New Taxes Expense $4,129
  • Operating Expense $8,629
  • Gross Income $51,900
  • Net Operating Income $4,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,906

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 3200.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5106026032
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 147.68

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6242.00

Multi Family

  • Gross Income: 51900.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 4500.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 3200.00
  • Rent Control: Yes
  • Total Expenses: 8628.50

Tax Info

  • New Taxes Expense: 4128.50
  • Tax Census Tract: 2288.00
  • Tax Lot: 62
  • Tax Tract Number: 2288

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2022
Sold by
Pico Place Llc
Bought by
Westside Investments Dot Com Llc
Current Estimated Value
$952,381

Purchase Details

Listed on
Sep 15, 2016
Closed on
Jul 27, 2017
Sold by
Romero Luz Adriana and Romero George D
Bought by
The Pico Place Llc
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Carlos Sandoval
SAND MANAGEMENT GROUP
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%

Purchase Details

Listed on
Sep 15, 2016
Closed on
Jul 14, 2017
Sold by
Morales Luis Romero
Bought by
Romero Luz Adriana
Seller's Agent
Daniel Diaz
First Family Homes
Buyer's Agent
Carlos Sandoval
SAND MANAGEMENT GROUP
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%

Purchase Details

Closed on
Jan 17, 2017
Sold by
Romero Andrea
Bought by
Romero George D

Purchase Details

Closed on
Dec 16, 2005
Sold by
Hernandez Luz Adriana
Bought by
Hernandez Luz Adriana and Romero George D

Purchase Details

Closed on
Nov 23, 2004
Sold by
Yoo Eun Tack
Bought by
Hernandez Luz Adriana

Purchase Details

Closed on
Dec 18, 1995
Sold by
Yoo Taek Dong
Bought by
Yoo Eun Tack
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
Westside Investments Dot Com Llc -- Accommodation/Courtesy Recordi
The Pico Place Llc $625,000 Chicago Title Company
Romero Luz Adriana -- Chicago Title Company
Romero George D -- Chicago Title Company
Hernandez Luz Adriana -- --
Hernandez Luz Adriana $360,000 Investors Title Company
Yoo Eun Tack -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2017 08/18/17 Sold $625,000 -7.4% $148 / Sq Ft
08/05/2017 08/05/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $675,000 0.0% $159 / Sq Ft
03/07/2017 03/07/17 Pending -- -- --
12/27/2016 12/27/16 Price Changed $675,000 -6.1% $159 / Sq Ft
09/15/2016 09/15/16 For Sale $719,000 -- $170 / 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 $12,906 $1,039,983 $721,621 $318,362
2024 $12,906 $1,019,592 $707,472 $312,120
2023 $12,663 $999,600 $693,600 $306,000
2022 $8,475 $670,123 $402,074 $268,049
2021 $8,354 $656,985 $394,191 $262,794
2019 $8,113 $637,500 $382,500 $255,000
2018 $7,952 $625,000 $375,000 $250,000
2016 $6,306 $494,769 $232,838 $261,931
2015 $6,218 $487,338 $229,341 $257,997
2014 $6,248 $477,793 $224,849 $252,944
Source: Public Records

Agents Affiliated with this Home

  • Daniel Diaz

    Seller's Agent in 2017

    Daniel Diaz

    First Family Homes

    (562) 843-4887

    3 in this area

    23 Total Sales

    Daniel Diaz
    Section Image

  • C

    Buyer's Agent in 2017

    Carlos Sandoval

    SAND MANAGEMENT GROUP

    (818) 652-9817

    12 Total Sales

    Carlos Sandoval
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16702909

California Regional Multiple Listing Service (CRMLS)

APN: 5106-026-032

California Los Angeles County Vernon 90011 Central Alameda

5111 Long Beach Ave, Vernon, CA

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