Seller's Agent in 2022
John Gooding
Vista Sotheby's Int'l Realty
(562) 756-6500
3 in this area
28 Total Sales
5325 E Ocean Blvd Long Beach, CA 90803
Belmont Shore Neighborhood
8
Beds
8
Baths
5,692
Sq Ft
3,542
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Across the Road from Lake or Ocean
- Naples Bayside Academy Rated A
- Golf Course Community
- Ocean Side of Highway 1
About This Home
As of May 2022Mid-century style apartment building in "PRIME" Belmont Shore location with unobstructed ocean views! There are eight one-bedroom units with laundry room, storage and tuck-under carport parking for four cars. This "trophy" property has not been on the market in over thirty-five years! All units are individually metered for gas & electricity. Plenty of opportunity to increase rental values as tenants relocate and units continue to be upgraded. Rental income shown is current and expenses shown are from last year's operating statement. Beach is directly across the street with close by access to Belmont Shore shops on 2nd St., paddle boarding, basketball courts, kayaking and more! This is an ideal upleg for investors! One-of-a-kind opportunity!
Last Agent to Sell the Property
Vista Sotheby's Int'l Realty License #00479227 Listed on: 04/17/2022
Last Buyer's Agent
Vista Sotheby's Int'l Realty License #00479227 Listed on: 04/17/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955 | Remodeled
Lot Details
- 3,542 Sq Ft Lot
- Lot Dimensions are 41x90
- Beach Front
- Two or More Common Walls
- Corner Lot
- Level Lot
Property Views
- Ocean
- Peek-A-Boo
Home Design
- Midcentury Modern Architecture
- Apartment
- Stucco
Interior Spaces
- 5,692 Sq Ft Home
- 2-Story Property
- Laundry Room
Kitchen
- Electric Range
- Disposal
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Parking Available
Outdoor Features
- Ocean Side of Highway 1
- Exterior Lighting
Location
- Across the Road from Lake or Ocean
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 26 / 36
- Tax Tract Number 3750
- Assessor Parcel Number 7245007023
Community Details
Overview
- No Home Owners Association
- 8 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $57,126
- Gross Income $201,300
- Net Operating Income $140,148
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2022 05/11/22 | Sold | $3,560,000 | +4.7% | $625 / Sq Ft |
| 04/20/2022 04/20/22 | Pending | -- | -- | -- |
| 04/17/2022 04/17/22 | For Sale | $3,400,000 | -- | $597 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $47,458 | $3,777,900 | $2,440,778 | $1,337,122 |
| 2024 | $47,458 | $3,703,824 | $2,392,920 | $1,310,904 |
| 2023 | $46,662 | $3,631,200 | $2,346,000 | $1,285,200 |
| 2022 | $16,429 | $1,261,394 | $756,073 | $505,321 |
| 2021 | $16,070 | $1,236,662 | $741,249 | $495,413 |
| 2019 | $15,839 | $1,200,824 | $719,264 | $481,560 |
| 2018 | $15,447 | $1,177,296 | $705,161 | $472,135 |
| 2016 | $14,199 | $1,130,775 | $677,780 | $452,995 |
| 2015 | $13,640 | $1,113,791 | $667,600 | $446,191 |
| 2014 | $13,571 | $1,091,974 | $654,523 | $437,451 |
Source: Public Records
Agents Affiliated with this Home
-
John Gooding
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22072335
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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