NOT LISTED FOR SALE

5361 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $1,297,000 - $1,668,000

10 Beds
5 Baths
4,624 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 22, 2016

Last sale price $895,000 $194 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,001/month

6 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • Ceramic Countertops
  • Dual Staircase
  • Cooling System Mounted To A Wall/Window
  • Living Room

About This Home

As of December 2016

Well maintained building. 5.86% CAP on actual rents. 13.12 GRM, 4 townhouse style units. One 4 bed/2.5 bath and three 2 bed /1.5 baths. All rents are below market. Large units and always rent up immediately. Laundry on site. Updated laundry room and new energy efficient washers and dryers. Roof updated with sun reflecting paint to keep units cool. New downspouts & drains. Updated plumbing and electrical. All bathtubs glazed this year. 4 bed unit completely updated & rented to corporate tenant & can raise rent in March. Please do not disturb tenants.

Last Buyer's Agent

PWRNONMEMBER PWRNONMEMBER

PWNONMEMBER License #05555555

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,992 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • East Facing Home
  • Partially Fenced Property
  • Fence is in average condition
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Rolled or Hot Mop Roof
  • Partial Copper Plumbing

Interior Spaces

  • 4,624 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Ceiling Fan
  • Panel Doors
  • Living Room

Kitchen

  • Gas Cooktop
  • Range Hood
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Central Water Heater
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5470
  • Tax Tract Number 21
  • Assessor Parcel Number 7130025020

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $672
  • Gardener Expense $600
  • Insurance Expense $1,671
  • Maintenance Expense $2,000
  • Pest Control $420
  • Water Sewer Expense $2,800
  • New Taxes Expense $7,117
  • Gross Income $5,685
  • Net Operating Income $52,410

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.86
  • Property Attached: Yes
  • Water Sewer Expenses: 2800.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7130025020
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Ceiling Fan(s), Ceramic Counters, Copper Plumbing Partial, Pantry, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 193.56
  • Room Type: All Bedrooms Up, Living Room

Exterior Features

  • Direction Faces: East
  • Exterior Features: Barbecue Private
  • Fence: Yes
  • Fencing: Average Condition, Partial
  • Roof: Rolled/Hot Mop

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Range Hood, Refrigerator, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Pest Control Expense: 420.00
  • Sewer: Other, Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4992.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 672.00
  • Gross Income: 5685.00
  • Gross Multiplier: 13.12
  • Gross Scheduled Income: 68220.00
  • Insurance Expense: 1671.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 2000.00
  • Net Operating Income: 52410.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15810.00
  • Rent Control: No
  • Total Actual Rent: 5400.00

Tax Info

  • New Taxes Expense: 7117.00
  • Tax Lot: 5470
  • Tax Tract Number: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2016
Closed on
Dec 16, 2016
Sold by
Gerber Natalie Beth
Bought by
Gerber Jonathan
Buyer's Agent
PWRNONMEMBER PWRNONMEMBER
PWNONMEMBER
List Price
$895,000
Sold Price
$895,000
Current Estimated Value
$1,501,946

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,946
Avg. Annual Appreciation
5.90%
Original Mortgage
$643,500
Outstanding Balance
$519,049
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$982,897

Purchase Details

Listed on
Sep 13, 2016
Closed on
Dec 12, 2016
Sold by
Morse Carolyn J
Bought by
Gerber Jonathan
Buyer's Agent
PWRNONMEMBER PWRNONMEMBER
PWNONMEMBER
List Price
$895,000
Sold Price
$895,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$643,500
Outstanding Balance
$519,049
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$982,897

Purchase Details

Closed on
Dec 7, 2015
Sold by
Morse Carolyn J
Bought by
Morse Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2011
Sold by
Morse Carolyn J
Bought by
Morse Carolyn J and Carolyn Krugman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2011
Sold by
Dixion Bonita
Bought by
Morse Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2006
Sold by
Dixion William
Bought by
Bri C Llc

Purchase Details

Closed on
Aug 6, 2006
Sold by
Bri C Llc
Bought by
Dixion William and Dixion Bonita

Purchase Details

Closed on
Jul 19, 2005
Sold by
Dixion Bonita
Bought by
Bri C Llc

Purchase Details

Closed on
Dec 28, 2004
Sold by
Bri C Llc
Bought by
Dixion William and Dixion Bonita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,400
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2004
Sold by
Dixion William
Bought by
Dixion Bonita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,400
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2004
Sold by
Dixion William
Bought by
Bri C Llc

Purchase Details

Closed on
Jun 18, 2004
Sold by
Bri C Llc
Bought by
Dixion William and Dixion Bonita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Bri C Llc
Bought by
Dixion William and Dixion Bonita

Purchase Details

Closed on
Jul 10, 2003
Sold by
Dixion William
Bought by
Bri C Llc

Purchase Details

Closed on
Nov 27, 2001
Sold by
Palma Samuel
Bought by
Dixion William and Dixion Bonita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,895
Interest Rate
7.15%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 1999
Sold by
South Bay Redevelopment Inc
Bought by
Palma Samuel and Palma Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,400
Interest Rate
8.75%

Purchase Details

Closed on
May 4, 1997
Sold by
Friedlander Kenneth J Co Tr
Bought by
South Bay Redevelopment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
8.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gerber Jonathan -- Chicago Title Co Glendale
Gerber Jonathan $895,000 Chicago Title Co Glendale
Morse Carolyn J -- Ticor Title
Morse Carolyn J -- Ticor Title
Morse Carolyn J -- North American Title Company
Morse Carolyn J -- North American Title Company
Morse Carolyn J $550,000 North American Title Company
Dixion Bonita -- North American Title Company
Dixion Bonita -- North American Title Company
Bri C Llc -- None Available
Dixion William -- None Available
Bri C Llc -- --
Dixion William -- Landsafe Title
Dixion Bonita -- Landsafe Title
Bri C Llc -- --
Dixion William -- First American Title Co
Dixion William -- Old Republic Title Company
Bri C Llc -- --
Dixion William $324,000 American Title
Palma Samuel $268,000 Southland Title Corporation
South Bay Redevelopment Inc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerber Jonathan $643,500
Previous Owner Morse Carolyn J $532,000
Previous Owner Morse Carolyn J $412,500
Previous Owner Dixion Bonita $610,400
Previous Owner Dixion William $540,000
Previous Owner Dixion William $318,895
Previous Owner Palma Samuel $214,400
Previous Owner South Bay Redevelopment Inc $28,000
Closed Palma Samuel $40,200
Closed Dixion William $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2016 12/22/16 Sold $895,000 0.0% $194 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $895,000 -- $194 / 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 $13,567 $1,038,719 $371,386 $667,333
2024 $13,567 $1,018,353 $364,104 $654,249
2023 $13,339 $998,386 $356,965 $641,421
2022 $12,528 $978,811 $349,966 $628,845
2021 $12,262 $959,619 $343,104 $616,515
2020 $12,229 $949,780 $339,586 $610,194
2019 $12,087 $931,158 $332,928 $598,230
2018 $11,763 $912,900 $326,400 $586,500
2016 $7,406 $583,570 $169,765 $413,805
2015 $7,118 $574,805 $167,215 $407,590
2014 $7,083 $563,546 $163,940 $399,606
Source: Public Records

Agents Affiliated with this Home

  • P

    Buyer's Agent in 2016

    PWRNONMEMBER PWRNONMEMBER

    PWNONMEMBER

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16700677

California Regional Multiple Listing Service (CRMLS)

APN: 7130-025-020

California Los Angeles County Long Beach 90805 Lindbergh

5361 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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