NOT LISTED FOR SALE

5377 E Ocean Blvd Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,838,000 - $2,322,000

5 Beds
2 Baths
2,718 Sq Ft
$731/Sq Ft Est. Value

Last Sold July 18, 2012

Last sale price $965,000 $355 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $11,619/month

124 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Fireplace
  • Naples Bayside Academy Rated A
  • Modern Architecture
  • Wood Siding

About This Home

As of July 2012

We are proud to offer a well-maintained, attractive two-unit building located in heart of the Belmont Shore community, in the city of Long Beach. This subject property is located at 5377 East Ocean Boulevard, on the north side of Ocean Boulevard, directly across the street from the beach and bay. Situated within close proximity to 2nd Street, where numerous restaurants and shopping centers are located, this location attracts a strong renter pool who values the beach city lifestyle. The property consists of one two-bedroom/one-bathroom unit and one three-bedroom/one-bathroom unit. The property was constructed in 1951 and has 2,718 approximate rentable square feet. This is and extraordinary opportunity for an investor to buy ocean front property in a high barrier to entry location

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 03/01/2012

Last Buyer's Agent

Kevin King

Marcus & Millichap License #01158184 Listed on: 03/01/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 2,694 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Modern Architecture
  • Property Attached
  • Common Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,718 Sq Ft Home
  • Fireplace
  • Ocean Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heating Available
  • Septic Type Unknown

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 3750
  • Assessor Parcel Number 7245009027

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore
  • View: Yes
  • Zoning: LBR4R
  • Architectural Style: Modern
  • Property Type: Residential
  • Parcel Number: 7245009027
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Living Area: 2718.00
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Levels: Two
  • Price Per Square Foot: 355.04

Exterior Features

  • Patio: No
  • View: Ocean
  • Fence: No
  • Pool Private: No
  • Roof: Common Roof
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Electric
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Purchase: No
  • Lot Size Sq Ft: 2694.00
  • Lot Size Acres: 0.0620

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2694.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2014
Sold by
Nguyen Hoang C
Bought by
The Hoang & Tiffany Living Trust
Current Estimated Value
$1,985,533

Purchase Details

Closed on
Dec 19, 2013
Sold by
Nguyen Hoang C
Bought by
Nguyen Hoang C and Truong Tiffany U

Purchase Details

Listed on
Mar 1, 2012
Closed on
Aug 13, 2012
Sold by
Madsen Phillip A
Bought by
Nguyen Hoang C and Truong Tiffany U
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
Kevin King
Marcus & Millichap
List Price
$1,050,000
Sold Price
$965,000
Premium/Discount to List
-$85,000
-8.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$500,000
Outstanding Balance
$79,683
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$1,905,850

Purchase Details

Closed on
Nov 16, 2006
Sold by
Madsen Annette M
Bought by
Madsen Phillip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,500
Interest Rate
2%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 25, 2006
Sold by
Madsen Phillip A
Bought by
Madsen Phillip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1999
Sold by
Sager Joseph
Bought by
Madsen Phillip William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,250
Interest Rate
2.9%
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
The Hoang & Tiffany Living Trust -- None Available
Nguyen Hoang C -- None Available
Nguyen Hoang C $965,000 Fidelity National Title Co
Madsen Phillip A -- Chicago Title Co
Madsen Phillip A -- Chicago Title Co
Madsen Phillip William $459,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Hoang C $500,000
Previous Owner Madsen Phillip A $647,500
Previous Owner Madsen Phillip A $585,000
Previous Owner Madsen Phillip William $344,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2012 07/18/12 Sold $965,000 -5.4% $355 / Sq Ft
07/03/2012 07/03/12 Pending -- -- --
04/06/2012 04/06/12 Price Changed $1,020,000 -2.9% $375 / Sq Ft
03/01/2012 03/01/12 For Sale $1,050,000 -- $386 / 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 $14,967 $1,188,317 $738,852 $449,465
2024 $14,967 $1,165,017 $724,365 $440,652
2023 $14,720 $1,142,174 $710,162 $432,012
2022 $13,809 $1,119,780 $696,238 $423,542
2021 $13,539 $1,097,825 $682,587 $415,238
2019 $13,345 $1,065,605 $662,342 $403,263
2018 $13,002 $1,044,718 $649,355 $395,363
2016 $11,953 $1,003,826 $624,141 $379,685
2015 $11,466 $988,748 $614,766 $373,982
2014 $11,377 $969,381 $602,724 $366,657
Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2012

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    2 in this area

    41 Total Sales

    Kevin King
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P814713

California Regional Multiple Listing Service (CRMLS)

APN: 7245-009-027

California Los Angeles County Long Beach 90803 Belmont Shore

5377 E Ocean Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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