NOT LISTED FOR SALE

5365 E Ocean Blvd Unit A-C Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $2,206,000 - $2,538,000

4 Beds
4 Baths
2,300 Sq Ft
$1,027/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $1,920,000 $835 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,527/month

10 Days on Market

Highlights

  • Fishing
  • Laundry Room
  • Bike Trail
  • Naples Bayside Academy Rated A
  • Central Heating and Cooling System

About This Home

As of October 2020

Amazing LOCATION! For an amazing beach house and income property. The front house is a contemporary 3 bedroom, 2 bath OCEAN VIEW unit that was remodeled in 2009. It is approximately ~1640 sq. ft. on the first floor. It has Viking appliances, Caesar Stone counter tops, gas fireplace, MARVIN
clad-wood bi-fold doors, concrete floors throughout, custom tile in bathrooms & kitchen, recessed lighting, central A/C, dog run,
automatic sprinklers for planter boxes, tank-less water heater, MARVIN wood-interior windows, guest bath with Jacuzzi tub, master
bath with extra large walk in shower and laundry. The second unit is a 1 bedroom, 1 bathroom above
garage. This OCEAN VIEW unit has wood like flooring, wood beamed ceilings, stainless steel appliances & laundry. Beautiful owners unit if you want the cash flow. The third unit is a studio next to garage with a full bathroom & efficient kitchen. The front patio of the main
house has a gas fire pit w/ seating and BBQ area. There is a one car garage along with a large parking pad next to it. This property is
Incredible for a VACATION RENTAL because of it's proximity to the beach, bay, restaurants, shopping & transportation. One of the best Kite
Surfing locations is right in front. Sailing, stand-up paddle, or just walks on the beach at sunset. Amazing Socal beach living.

Last Agent to Sell the Property

Andy Carter

Fiv Realty Co License #01907002 Listed on: 08/25/2020

Co-Listed By

Tom Schick

Realty Source, Inc License #01457767

Last Buyer's Agent

Andy Carter

Fiv Realty Co License #01907002 Listed on: 08/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,026

Year Built

  • Built in 1951

Lot Details

  • 3,382 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,300 Sq Ft Home
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 27 / 38
  • Tax Tract Number 3750
  • Assessor Parcel Number 7245008023

Community Details

Overview

  • 3 Units
  • Belmont Shore Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $700
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $1,500
  • New Taxes Expense $14,000
  • Operating Expense $20,000
  • Gross Income $130,000
  • Net Operating Income $67,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,026

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.91
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR4R
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7245008023
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Price Per Square Foot: 834.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, In Closet
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3382.00
  • Lot Size Acres: 0.0776

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 700.00
  • Gross Income: 130000.00
  • Gross Scheduled Income: 130000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 3382.0000 Square Feet
  • Net Operating Income: 67000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 19000.00
  • Rent Control: Yes
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Block: 38
  • Tax Census Tract: 5773.00
  • Tax Lot: 27
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Sep 9, 2020
Sold by
Henebry John P and The John P Henebry Jr Trust
Bought by
Heng Paula and Paula Heng 2013 Trust
Seller's Agent
Andy Carter
Fiv Realty Co
Buyer's Agent
Andy Carter
Fiv Realty Co
List Price
$1,899,000
Sold Price
$1,920,000
Premium/Discount to List
$21,000
1.11%
Current Estimated Value
$2,361,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,077
Avg. Annual Appreciation
4.20%
Original Mortgage
$152,000
Outstanding Balance
$134,890
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,226,187

Purchase Details

Closed on
Apr 12, 2018
Sold by
Henebry John P
Bought by
Henebry John P and John P Henebry Jr Trust

Purchase Details

Listed on
May 26, 2017
Closed on
Sep 29, 2017
Sold by
Henebry Holly
Bought by
Henebry John P
Seller's Agent
Charles Chang
CMC Realty & Lending
Buyer's Agent
Camille Jasmin
Keller Williams Palos Verdes
List Price
$1,790,000
Sold Price
$1,750,000
Premium/Discount to List
-$40,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$1,124,500
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 26, 2017
Closed on
Aug 24, 2017
Sold by
Chang Charles
Bought by
Henebry John P
Seller's Agent
Charles Chang
CMC Realty & Lending
Buyer's Agent
Camille Jasmin
Keller Williams Palos Verdes
List Price
$1,790,000
Sold Price
$1,750,000
Premium/Discount to List
-$40,000
-2.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,124,500
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2017
Sold by
Chang Charles
Bought by
Chang Charles and Chang Barbara Roxanne

Purchase Details

Closed on
Nov 18, 2016
Sold by
Beijing Cmc Llc
Bought by
Chang Charles M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,950
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2008
Sold by
Chang Charles
Bought by
Chang Charles and Cmc Trust

Purchase Details

Closed on
Dec 23, 2004
Sold by
Branley Terrence J
Bought by
Chang Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 1998
Sold by
Mauro Frank C
Bought by
Branley Terrence J and Lance Darren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,800
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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
Heng Paula $1,920,000 Ticor Title
Henebry John P -- None Available
Henebry John P -- Chicago Title Company
Henebry John P $1,730,000 Chicago Title Company
Chang Charles -- None Available
Chang Charles -- None Available
Chang Charles M -- Ticor Title Company Of Ca
Chang Charles M -- Ticor Title Company Of Ca
Chang Charles -- None Available
Chang Charles $1,160,000 Lawyers Title
Branley Terrence J -- Lawyers Title
Branley Terrence J $368,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heng Paula $152,000
Previous Owner Henebry John P $1,124,500
Previous Owner Chang Charles M $967,950
Previous Owner Chang Charles $638,000
Previous Owner Branley Terrence J $292,800
Closed Branley Terrence J $36,600
Closed Chang Charles $406,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2020 10/16/20 Sold $1,920,000 +1.1% $835 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $1,899,000 +8.5% $826 / Sq Ft
10/12/2017 10/12/17 Sold $1,750,000 +0.1% $761 / Sq Ft View Prior Sale
08/18/2017 08/18/17 Pending -- -- --
07/31/2017 07/31/17 Price Changed $1,749,000 -2.3% $760 / Sq Ft
05/26/2017 05/26/17 For Sale $1,790,000 -- $778 / 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 $26,026 $2,078,267 $1,320,566 $757,701
2024 $26,026 $2,037,518 $1,294,673 $742,845
2023 $25,590 $1,997,568 $1,269,288 $728,280
2022 $23,999 $1,958,400 $1,244,400 $714,000
2021 $23,542 $1,920,000 $1,220,000 $700,000
2019 $21,930 $1,765,120 $1,122,000 $643,120
2018 $21,383 $1,730,520 $1,100,000 $630,520
2016 $16,329 $1,365,888 $588,745 $777,143
2015 $13,466 $1,150,000 $594,400 $555,600
2014 $13,621 $1,150,000 $594,400 $555,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20174723

California Regional Multiple Listing Service (CRMLS)

APN: 7245-008-023