$1,920,000
SOLD OCT 16, 2020

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

Belmont Shore Neighborhood
4 Beds
4 Baths
2,300 Sq Ft
3,382 Sq Ft Lot

Recently Sold

$835 Per Sq Ft

1% Above List Price

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
  • Other Phone Description: andy dane carte
  • Other Phone Number: 562-397-1373
  • 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%
Total Days on Market
10
Current Estimated Value
$2,387,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,622
Avg. Annual Appreciation
4.81%
Original Mortgage
$152,000
Outstanding Balance
$136,412
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,251,210

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
4.14%
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

Similar Homes in Long Beach, CA

  • 5339 E Ocean Blvd Unit 6, Long Beach, CA 90803

    $1,880,000

    • 4 Beds
    • 4 Baths
    • 3,048 Sq Ft
    • 5339 E Ocean Blvd
    • Unit 6
    • Long Beach, CA

    Exceptional Investment Opportunity with views in Belmont Shore – Across the street from the sand and water - 6 Units on Ocean Blvd. Introducing 5339 E. Ocean Boulevard, a rare opportunity to own six income-generating units in one of Long Beach’s most coveted coastal neighborhoods, Belmont Shore. Perfectly situated on Ocean Boulevard, directly across the street from the sand and ocean, this

    Nina Mannone Realty One Group West

    Section Image
  • 66 Santa Ana Ave, Long Beach, CA 90803

    $1,695,000

    • 4 Beds
    • 4 Baths
    • 3,300 Sq Ft
    • 66 Santa Ana Ave
    • Long Beach, CA

    Rare Investment Opportunity in Prime Belmont Shore Location! This exceptional fixer-upper is located just half a block from the Pacific Ocean and beach, offering incredible potential in one of Long Beach's most desirable neighborhoods. Rarely do you find a three-story duplex in Belmont Shore, and this property offers an amazing opportunity for transformation—potentially into a triplex!The

    Kristie Pabst Pabst, Kinney & Associates

    Section Image
  • 224 Pomona Ave, Long Beach, CA 90803

    $1,550,000

    • 5 Beds
    • 3 Baths
    • 2,216 Sq Ft
    • 224 Pomona Ave
    • Long Beach, CA

    Spanish-Style Triplex with Outdoor Charm & Income Upside in Belmont Shore. Introducing 224 Pomona Ave, a charming triplex in a prime Belmont Shore location—just steps from vibrant 2nd Street and the coastline. This attractive building offers a versatile unit mix: (2) spacious two-bedroom, one-bath units and (1) one-bedroom, one-bath unit, each with solid tenant appeal. Residents enjoy private

    Steve Nader Beach Team

    Section Image
  • 227 Pomona Ave, Long Beach, CA 90803

    $1,850,000

    • 5 Beds
    • 6 Baths
    • 3,276 Sq Ft
    • 227 Pomona Ave
    • Long Beach, CA

    Investor Opportunity in Belmont Shore – Prime 6-Unit Property with Major Upside. Introducing 227 Pomona Ave, a rare 6-unit asset perfectly positioned on a sought-after street in the heart of Belmont Shore. The property features an efficient mix of (5) one-bedroom, one-bath units and (1) studio, all currently rented well below market—offering immediate value-add potential through renovation and

    Steve Nader Beach Team

    Section Image
  • 258 Glendora Ave, Long Beach, CA 90803

    $1,997,000

    • 4 Beds
    • 3 Baths
    • 2,303 Sq Ft
    • 258 Glendora Ave
    • Long Beach, CA

    Welcome to Belmont Park upgraded townhouse style duplex with detached studio (rumpus room). Walking distance to trendy 2nd street restaurants, shopping and so much more. Each unit offers their own private yard perfect entertaining after a day a day at the beach or shopping. The two front units mirror one another, both kitchens have granite counter tops, shaker cabinets, counter seating and

    Cynthia Swenson Real Broker

    Section Image
  • 159 Roycroft Ave, Long Beach, CA 90803

    $1,900,000

    • 6 Beds
    • 6 Baths
    • 2,936 Sq Ft
    • 159 Roycroft Ave
    • Long Beach, CA

    Rare 4-Unit Trophy Property in the Heart of Belmont Shore – 5.46% Cap Rate!Welcome to 159 Roycroft Ave, an exceptional 4-unit investment opportunity nestled on one of the most coveted streets in Belmont Shore. Located just half a block from the iconic 2nd Street and only two blocks from the beach, this property delivers the ultimate in walkable, beachside living with a stellar Walk Score of 88.

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 267 La Verne Ave, Long Beach, CA 90803

    $1,875,000

    • 4 Beds
    • 4 Baths
    • 2,880 Sq Ft
    • 267 La Verne Ave
    • Long Beach, CA

    Incredible investment opportunity in the heart of Belmont Shore! This fully occupied 4-unit property features four 1-bedroom, 1-bathroom units, each offering steady income with room to improve rents over time. Located just blocks from the beach and the vibrant shops and restaurants along Second Street, this is a rare chance to own in one of Long Beach’s most sought-after coastal neighborhoods.The

    Heidi Bailey Keller Williams Coastal Prop.

    Section Image
  • 265 Corona Ave, Long Beach, CA 90803

    $2,050,000

    • 5 Beds
    • 4 Baths
    • 3,616 Sq Ft
    • 265 Corona Ave
    • Long Beach, CA

    Welcome to this exceptional 3-unit property in the highly desirable Belmont Shore neighborhood! Just a short distance to the canals and beaches, enjoy ocean breezes with the perfect blend of coastal living and vibrant community! The standout 3-bedroom unit offers a blank canvas, ready for your personal touch, with abundant natural light and a large backyard perfect for entertaining.Situated on a

    Jeffrey Isenberg Buckingham Investments, Inc

    Section Image
  • 60 Bennett Ave, Long Beach, CA 90803

    $1,748,000

    • 4 Beds
    • 3 Baths
    • 2,176 Sq Ft
    • 60 Bennett Ave
    • Long Beach, CA

    Discover coastal living at its finest in the vibrant Belmont Shore neighborhood of Long Beach! Just one short block from the beach, this beautifully maintained property is comprised of three impeccably remodeled units, each featuring remodeled kitchens with stylish cabinets, quartz countertops, and stainless steel appliances. The interiors boast newer flooring throughout, enhancing the modern

    Matty Hurtado Coldwell Banker Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,920,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $1,730,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- Ticor Title Company Of Ca
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Interfamily Deed Transfer -- None Available
Grant Deed $1,160,000 Lawyers Title
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $368,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $152,000 New Conventional
Previous Owner $1,124,500 Purchase Money Mortgage
Previous Owner $967,950 New Conventional
Previous Owner $1,000,000 Fannie Mae Freddie Mac
Previous Owner $55,000 Credit Line Revolving
Previous Owner $638,000 New Conventional
Previous Owner $160,000 Credit Line Revolving
Previous Owner $449,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $364,000 Stand Alone First
Previous Owner $22,750 Credit Line Revolving
Previous Owner $36,000 Stand Alone Second
Previous Owner $292,800 No Value Available
Closed $36,600 No Value Available
Closed $406,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20174723

California Regional Multiple Listing Service (CRMLS)

APN: 7245-008-023