NOT LISTED FOR SALE

5377 E Ocean Blvd Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,879,662 - $2,644,000

5 Beds
2 Baths
2,718 Sq Ft
$828/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2012

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

Est. 133% increase in value since last sale

Current estimated payment $13,464 / mo

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

2,694 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2014
Sold by
Bought by
Current Estimated Value
$2,251,416

Purchase Details

Closed on
Dec 19, 2013
Sold by
Bought by

Purchase Details

Listed on
Mar 1, 2012
Closed on
Aug 13, 2012
Sold by
Bought by
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
6.24%
Original Mortgage
$500,000
Interest Rate
0.0356%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2006
Sold by
Bought by

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
0.02%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 25, 2006
Sold by
Bought by

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
0.0725%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$965,000 Fidelity National Title Co
-- Chicago Title Co
-- Chicago Title Co
$459,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $500,000
Previous Owner $100,000
Previous Owner $700,000
Previous Owner $647,500
Previous Owner $585,000
Previous Owner $75,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,639 $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

    38 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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