$1,750,000
SOLD OCT 12, 2017

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

$761 Per Sq Ft

2% Below List Price

84 Days on Market

Highlights

  • Beach Front
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • Naples Bayside Academy Rated A
  • Coastline Views
  • Contemporary Architecture

About This Home

As of October 2020

LOCATION, LOCATION, LOCATION! The front house is a contemporary 3 bedroom, 2 bath OCEAN VIEW unit that was remodeled in 2009. It is approximately ~1640 sq. ft. one the first floor. It has Viking appliances, Caesar Stone countertops, 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, tankless 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 approximately ~509 sq ft and is a 1 bedroom, 1 bathroom above garage. This OCEAN VIEW unit has wood laminate flooring, wood beamed ceilings, stainless steel appliances & laundry. The third unit is a studio next to garage with a full bathroom & efficient kitchen. This unit is approximately ~250 sq ft. 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 IDEAL 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, Kayaking & Gondola rides are located two shore blocks to the Bay.

Last Agent to Sell the Property

Charles Chang

CMC Realty & Lending License #01327098 Listed on: 05/26/2017

Last Buyer's Agent

Camille Jasmin

Keller Williams Palos Verdes License #01163896

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,026

Year Built

  • Built in 1951 | Remodeled

Lot Details

  • 3,382 Sq Ft Lot
  • Beach Front
  • Property fronts an alley
  • 1 Common Wall
  • Block Wall Fence
  • Stucco Fence
  • Fence is in good condition
  • Front Yard Sprinklers

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Property Views

  • Coastline
  • Harbor

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Common Roof
  • Pre-Cast Concrete Construction
  • Partial Copper Plumbing

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Gas Fireplace
  • Low Emissivity Windows
  • Insulated Windows
  • Casement Windows
  • Concrete Flooring
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Range Hood
  • Ice Maker
  • Water Line To Refrigerator

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Property has ocean access
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Across the Road from Lake or Ocean

Listing and Financial Details

  • Tenant pays for janitorial service
  • Tax Lot 26
  • Tax Tract Number 3750
  • Assessor Parcel Number 7245008023

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Other Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $1,500
  • New Taxes Expense $14,000
  • Operating Expense $20,000
  • Gross Income $120,000
  • Net Operating Income $63,263

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,026

Year Built

Built in 1951 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.81
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR4R
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • 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
  • Interior Amenities: Copper Plumbing Partial, Recessed Lighting
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Concrete
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Gas
  • Price Per Square Foot: 760.87
  • Window Features: Casement Windows, Insulated Windows, Low Emissivity Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Coastline, Harbor
  • Fence: Yes
  • Fencing: Block, Good Condition, Stucco Wall
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas & Electric Range, Gas Range, Ice Maker, Range Hood, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Water Line to Refrigerator
  • Electric: 220 Volts
  • 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

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 3382.00

Rental Info

  • Tenant Pays: Janitorial Service

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average3 Bed Area: 1700 Square Feet
  • Average Studio Area: 250 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 120000.00
  • Gross Scheduled Income: 120000.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 63263.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • 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
  • Other Expense: 1200.00
  • Other Expense Description: Cleaning
  • Rent Control: No
  • Total Actual Rent: 96000.00
  • Total Expenses: 20000.00
  • Vacancy Allowance Rate: 2.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • New Taxes Expense: 14000.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 26
  • 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
84
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
5.99%
Original Mortgage
$152,000
Outstanding Balance
$136,412
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,376,891

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
4.85%
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

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Range of Values:

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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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17091485

California Regional Multiple Listing Service (CRMLS)

APN: 7245-008-023