NOT LISTED FOR SALE

5465 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $1,072,000 - $1,317,000

2 Beds
1 Bath
3,112 Sq Ft
$382/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $595,000 $191 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $7,034/month

6 Days on Market

About This Home

As of May 2014

Every Unit has TWO BEDROOMS and ONE BATHROOM, tiled flooring through-out each unit. Seller is VERY motivated! Easy to maintain common area. Four Car Garages in Rear, along with additional parking spaces.

Last Agent to Sell the Property

Theary Sim-ieng

California Financial & RE Ctr License #01117816 Listed on: 03/25/2014

Last Buyer's Agent

Tom Mai

Tom Mai, Broker License #01364222

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,194 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,112 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 21
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127020018

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,100
  • Trash Expense $1,836
  • Water Sewer Expense $600
  • Gross Income $4,373
  • Net Operating Income $48,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • CapRate: 8.00
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 7127020018
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 191.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1836.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5194.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 4373.00
  • Gross Scheduled Income: 52476.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 5194.0000 Square Feet
  • Net Operating Income: 48580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3896.00
  • Rent Control: No
  • Total Actual Rent: 4373.00

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 5470
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2014
Closed on
Apr 7, 2014
Sold by
Chea Charlie
Bought by
Thai David and Thai Ly Yien
Seller's Agent
Theary Sim-ieng
California Financial & RE Ctr
Buyer's Agent
Tom Mai
Tom Mai, Broker
List Price
$550,000
Sold Price
$595,000
Premium/Discount to List
$45,000
8.18%
Current Estimated Value
$1,187,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$592,713
Avg. Annual Appreciation
6.13%
Original Mortgage
$400,000
Outstanding Balance
$120,596
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$1,067,117

Purchase Details

Closed on
Dec 5, 2011
Sold by
Smedley Brenda
Bought by
Chea Charlie and Chea Mia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2005
Sold by
Smedley Brenda and Salmond Brenda
Bought by
Smedley Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,500
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2002
Sold by
Salmond Quintin
Bought by
Salmond Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,500
Interest Rate
5.99%

Purchase Details

Closed on
Sep 17, 2002
Sold by
Cooper Robert and Cooper Crista
Bought by
Salmond Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,500
Interest Rate
5.99%

Purchase Details

Closed on
May 22, 1997
Sold by
Leitner Steve and Cooper Robert
Bought by
Cooper Robert

Purchase Details

Closed on
Oct 10, 1995
Sold by
Bank Of America Nt & Sa
Bought by
Leitner Steve and Cooper Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,503
Interest Rate
7.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 1995
Sold by
Clines Barry and Security Pacific National Bank
Bought by
Security Pacific National Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,503
Interest Rate
7.37%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 1995
Sold by
Pacific Sterling Group
Bought by
G & P Ltd Partnership

Purchase Details

Closed on
Jan 16, 1995
Sold by
Glenoak Financial Inc
Bought by
Grant Adrienne Marcha

Purchase Details

Closed on
Sep 22, 1994
Sold by
Westwind Ltd Partnership
Bought by
Pacific Sterling Group

Purchase Details

Closed on
Aug 1, 1994
Sold by
Clines Barry
Bought by
Glenoaks Financial Inc and Glenwood Business Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thai David $595,000 Nations Title Company Of Ca
Chea Charlie $480,000 Ticor Title
Smedley Brenda -- Diversified Title & Escrow
Salmond Brenda -- First Southwestern Title Co
Salmond Brenda $376,500 First Southwestern Title Co
Cooper Robert -- --
Leitner Steve $166,500 --
Security Pacific National Bank $67,207 --
G & P Ltd Partnership -- --
Glenoaks Financial Inc -- --
Grant Adrienne Marcha -- --
Pacific Sterling Group -- --
Glenoaks Financial Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thai David $400,000
Previous Owner Chea Charlie $288,000
Previous Owner Smedley Brenda $422,500
Previous Owner Salmond Brenda $176,500
Previous Owner Leitner Steve $161,503
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2014 05/15/14 Sold $595,000 +8.2% $191 / Sq Ft
03/31/2014 03/31/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $550,000 -- $177 / 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 $9,737 $729,379 $300,332 $429,047
2024 $9,737 $715,079 $294,444 $420,635
2023 $9,570 $701,059 $288,671 $412,388
2022 $8,995 $687,313 $283,011 $404,302
2021 $8,802 $673,837 $277,462 $396,375
2019 $8,677 $653,852 $269,233 $384,619
2018 $8,394 $641,032 $263,954 $377,078
2016 $7,719 $616,142 $253,705 $362,437
2015 $7,415 $606,888 $249,895 $356,993
2014 $6,203 $491,822 $184,433 $307,389
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Theary Sim-ieng

    California Financial & RE Ctr

    Section Image

  • T

    Buyer's Agent in 2014

    Tom Mai

    Tom Mai, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14060762

California Regional Multiple Listing Service (CRMLS)

APN: 7127-020-018

California Los Angeles County Long Beach 90805 Lindbergh

5465 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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