Joshua Glaz
The Ave
(657) 325-8448
255 Total Sales
1 in Belmont Shore
$2,450,000 Price
5290 E Division St Long Beach, CA 90803
Belmont Shore Neighborhood
--
Bed
3
Baths
2,712
Sq Ft
3,485
Sq Ft Lot
About This Home
As of August 2025Income and expense are using projected market rents and put property operating at projected 5.48% Cap and 12.4X Gross (Estimated current 4.34% and 14.4X). Located in the affluent community of Belmont Shore, a Southern California beach community and “college town” being just a few minutes from CSU Long Beach. Both buildings (also for sale with 102 Argonne 10U for $2,750,000) are meticulously cared for, and both have been upgraded with copper plumbing, and most unit interiors have been upgraded. The investment provides the opportunity to increase your return by increasing the rents to market and separate metering the building utilities, therefore, providing immediate lower overhead/increased cash flow and continued added value in the future with rising utility costs being transferred to the tenants. Laundry is leased and managed by a 3rd party offering further income upside by canceling the contract and installing your own machines. Some units may be rented at amounts different than current income rent roll. Insurance rates may not be current rate for new owner, so buyer must get own insurance quotes including flood insurance if needed. Street parking only.
Last Agent to Sell the Property
AJ Nay
AJ Nay, Broker Brokerage Phone: 305-433-3300 License #01249470 Listed on: 04/28/2025
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 3,485 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3 Bathrooms
- 2,712 Sq Ft Home
- 2-Story Property
Listing and Financial Details
- Legal Lot and Block 2 / 37
- Tax Tract Number 3885
- Assessor Parcel Number 7247011015
Community Details
Overview
- 2 Buildings
- 8 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,421
- Insurance Expense $7,800
- Maintenance Expense $7,485
- Water Sewer Expense $5,269
- New Taxes Expense $27,950
- Operating Expense $50,925
- Gross Income $148,800
- Net Operating Income $117,855
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
Apr 28, 2025
Closed on
Jul 14, 2025
Sold by
Bought by
Seller's Agent
AJ Nay
AJ Nay, Broker
Buyer's Agent
Alec Kara
Keller Williams Pacific Estate
List Price
$2,150,000
Sold Price
$2,000,000
Premium/Discount to List
-$150,000
-6.98%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$1,039,613
Interest Rate
6.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 2, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Shore, CA
-
Joshua Glaz
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
1 in Belmont Shore
$1,600,000 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
127 Total Sales
1 in Belmont Shore
$2,099,000 Price
-
Bill Ruth
Bill Ruth
Coastal Legacy Realty Group
(424) 588-6482
31 Total Sales
1 in Belmont Shore
$2,365,000 Price
-
Kimiah Wyer
Kimiah Wyer
Keller Williams Realty
(562) 247-4034
48 Total Sales
1 in Belmont Shore
$1,731,000 Price
-
Connie Wildasinn
Connie Wildasinn
WGroup Realtors
(424) 368-9353
22 Total Sales
2 in Belmont Shore
$1,565,000 Price Range
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 |
|---|---|---|---|
| $2,000,000 | Orange Coast Title Company | ||
| -- | -- | ||
| -- | -- |
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 | $1,050,000 | ||
| Closed | $1,050,000 |
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 |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Sold | $2,000,000 | -7.0% | $737 / Sq Ft |
| 04/30/2025 04/30/25 | Pending | -- | -- | -- |
| 04/28/2025 04/28/25 | For Sale | $2,150,000 | -- | $793 / 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 | $10,874 | $751,261 | $337,215 | $414,046 |
| 2024 | $10,415 | $736,531 | $330,603 | $405,928 |
| 2023 | $10,222 | $722,090 | $324,121 | $397,969 |
| 2022 | $9,609 | $707,932 | $317,766 | $390,166 |
| 2021 | $9,394 | $694,052 | $311,536 | $382,516 |
| 2019 | $9,258 | $674,508 | $302,297 | $372,211 |
| 2018 | $9,025 | $661,304 | $296,370 | $364,934 |
| 2016 | $8,322 | $634,626 | $284,862 | $349,764 |
| 2015 | $8,001 | $625,095 | $280,584 | $344,511 |
| 2014 | $7,982 | $612,851 | $275,088 | $337,763 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2025
AJ Nay
AJ Nay, Broker
-
Alec Kara
Buyer's Agent in 2025
Alec Kara
Keller Williams Pacific Estate
(562) 513-7800
3 in this area
15 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25090414
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.
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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