NOT LISTED FOR SALE

5475 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $1,062,000 - $1,552,000

3 Beds
2 Baths
3,328 Sq Ft
$386/Sq Ft Est. Value

Sale Details

Date Sold: June 30, 2012

Last sale price $505,000 $152 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $7,663 / mo

16 Days on Market

About This Home

As of June 2012

Large newer 3 bedroom units in great rental area.Individual gas and electric meters. Upside on rents. Your buyer can live in one unit and collect an additional $2900 toward the monthly payment. Historically low interest rates, along with 3.5% FHA down payments can result in cash flow from Day 1. Low maintenance building in outstanding rental area close to all services. With 3% yearly rent increase, income goes to 2987 in year 2 and 3076 in year 3. Call for more information.

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 05/14/2012

Co-Listed By

Stephen Hagerman

Genesis Realty License #01392401

Last Buyer's Agent

Alex Gonzalez

Pacific Residential Realty, Inc. License #01384006

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 5,813 Sq Ft Lot
  • Lot Dimensions are 45x125

Parking

  • 6 Car Garage

Home Design

  • 3,328 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 19 / B
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127020016

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $37,192

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

5,813 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 7.45
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7127020016
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 151.74

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 45x125
  • Lot Size Sq Ft: 5813.00
  • Lot Size Acres: 0.1330

Multi Family

  • Gross Multiplier: 9.56
  • Gross Scheduled Income: 52200.00
  • Lot Size Area: 5813.0000 Square Feet
  • Net Operating Income: 37192.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12397.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 4992
  • Tax Block: B
  • Tax Lot: 19
  • Tax Tract Number: 5470

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
Oct 2, 2012
Sold by
Bought by
Current Estimated Value
$1,284,667

Purchase Details

Listed on
May 14, 2012
Closed on
Jul 3, 2012
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Alex Gonzalez
Pacific Residential Realty, Inc.
List Price
$499,000
Sold Price
$505,000
Premium/Discount to List
$6,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.90%
Original Mortgage
$378,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2012
Closed on
May 22, 2012
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Alex Gonzalez
Pacific Residential Realty, Inc.
List Price
$499,000
Sold Price
$505,000
Premium/Discount to List
$6,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 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
$639,200
Interest Rate
8.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 6, 2005
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
$423,750
Interest Rate
1.4%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2003
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
$240,000
Interest Rate
5.83%
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
-- Accommodation
$505,000 First American Title Company
-- None Available
-- None Available
$799,000 North American Title Co
$565,000 None Available
-- Fidelity National Title
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
Previous Owner $378,750
Previous Owner $639,200
Previous Owner $423,750
Previous Owner $240,000
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
06/30/2012 06/30/12 Sold $505,000 +1.2% $152 / Sq Ft
05/30/2012 05/30/12 Pending -- -- --
05/14/2012 05/14/12 For Sale $499,000 -- $150 / 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 $8,849 $621,860 $246,282 $375,578
2024 $8,456 $609,667 $241,453 $368,214
2023 $8,311 $597,714 $236,719 $360,995
2022 $7,817 $585,995 $232,078 $353,917
2021 $7,644 $574,506 $227,528 $346,978
2019 $7,536 $557,468 $220,780 $336,688
2018 $7,260 $546,538 $216,451 $330,087
2016 $6,679 $525,317 $208,047 $317,270
2015 $6,423 $517,427 $204,922 $312,505
2014 $6,394 $507,292 $200,908 $306,384
Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2012

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    3 Total Sales

    Steve Gamez
    Section Image

  • S

    Seller Co-Listing Agent in 2012

    Stephen Hagerman

    Genesis Realty

  • A

    Buyer's Agent in 2012

    Alex Gonzalez

    Pacific Residential Realty, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821950

California Regional Multiple Listing Service (CRMLS)

APN: 7127-020-016

California Los Angeles County Long Beach 90805 Lindbergh

5475 Lime Ave, 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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