NOT LISTED FOR SALE

Estimated Value: $864,000 - $1,026,000

5 Beds
2 Baths
1,876 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $650,000 $346 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,685/month

26 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Front Yard
  • Laundry Room
  • 2 Car Garage
  • 1-Story Property

About This Home

As of April 2020

Welcome to 5485 Lime Avenue - A charming duplex with two homes on a lot. Perfect for a first time home buyer to live in one and rent the other. The front house is a 1926 Spanish that has three bedrooms and one bathroom as well as a detached two-car garage. The back house was built in 1961, has two bedrooms, one bathroom, and Central A/C and Heating. This North Long Beach property is in close proximity to several freeway entrances as well as the Bixby Knolls dining scene.

Last Agent to Sell the Property

Andrew McAllister

eXp Realty of Greater L.A License #01946829 Listed on: 11/07/2019

eXp Realty of Greater L.A

Last Buyer's Agent

Jessie Leal

Centerpointe Real Estate License #01309113

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,526 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Spanish Tile Roof
  • Composition Roof

Interior Spaces

  • 1,876 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 18 / B
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127020015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $480
  • Gardener Expense $900
  • Insurance Expense $600
  • Maintenance Expense $1,100
  • Other Expense $856
  • Trash Expense $200
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,604
  • Operating Expense $13,240
  • Gross Income $36,666
  • Net Operating Income $23,426

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Lindbergh
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7127020015
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 346.48

Exterior Features

  • Pool Private: No
  • Roof: Composition, Flat, Spanish Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5526.00
  • Lot Size Acres: 0.1269

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 825 Square Feet
  • Average3 Bed Area: 1051 Square Feet
  • Electric Expense: 480.00
  • Gross Income: 36666.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5526.0000 Square Feet
  • Maintenance Expense: 1100.00
  • Net Operating Income: 23426.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 13240.00
  • Other Expense: 856.00
  • Rent Control: Yes
  • Total Actual Rent: 3150.00
  • Total Expenses: 13240.00

Tax Info

  • New Taxes Expense: 7604.00
  • Tax Block: B
  • Tax Census Tract: 5706.01
  • Tax Lot: 18
  • Tax Tract Number: 5470

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2019
Sold by
Delrosario Marc and Delrosario Monica
Bought by
Quintanar Filiberto and Quintanar Emma
Current Estimated Value
$942,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,446
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 2010
Sold by
Luu Loi
Bought by
Luu Harris and Luu Loi

Purchase Details

Closed on
Oct 4, 2010
Sold by
Medina Vicente M
Bought by
Luu Loi

Purchase Details

Closed on
Jan 5, 2006
Sold by
Medina Maria Del Rosario
Bought by
Medina Vicente M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2003
Sold by
Medina Rosario
Bought by
Medina Vicente

Purchase Details

Closed on
Oct 24, 2002
Sold by
Maritano Elodia Centeno
Bought by
Medina Vicente

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,800
Interest Rate
5.96%

Purchase Details

Closed on
Jul 1, 2002
Sold by
Hud
Bought by
Maritano Elodia Centeno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,225
Interest Rate
6.6%

Purchase Details

Closed on
May 24, 2001
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Oct 23, 2000
Sold by
Valdez Alberto and Manzo Pedro
Bought by
Fleet Mtg Corp

Purchase Details

Closed on
Jan 27, 2000
Sold by
Valdez Alberto and Manzo Pedro
Bought by
Mortgage One Corp

Purchase Details

Closed on
Jan 28, 1999
Sold by
Bautista Abel and Bautista Hortencia
Bought by
Valdez Alberto and Manzo Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,405
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 1996
Sold by
Federal National Mortgage Association
Bought by
Bautista Abel and Bautista Hortensia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,650
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 5, 1995
Sold by
Kim Ki K and Paik Young K
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 3, 1993
Sold by
Kim Ki K
Bought by
Paik Young K
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

Date Buyer Sale Price Title Company
Quintanar Filiberto $650,000 Ticor Title Company
Luu Harris -- None Available
Luu Loi $265,000 Orange Coast Title Company
Medina Vicente M -- First American Title Company
Medina Vicente -- First American Title Co
Medina Vicente $271,000 First American Title Co
Maritano Elodia Centeno $220,500 First American Title Co
Hud $208,397 --
Fleet Mtg Corp $208,397 --
Mortgage One Corp -- --
Valdez Alberto $195,000 South Coast Title
Bautista Abel $145,000 Investors Title Company
Federal National Mortgage Association $140,000 First Southwestern Title
Paik Young K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quintanar Filiberto $636,446
Previous Owner Medina Vicente M $397,000
Previous Owner Medina Vicente $216,800
Previous Owner Maritano Elodia Centeno $198,225
Previous Owner Valdez Alberto $193,405
Previous Owner Bautista Abel $140,650
Closed Medina Vicente $40,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2020 04/24/20 Sold $650,000 +3.2% $346 / Sq Ft
11/07/2019 11/07/19 For Sale $630,000 +60.7% $336 / Sq Ft
09/15/2012 09/15/12 Sold $392,000 +1.8% $209 / Sq Ft View Prior Sale
08/01/2012 08/01/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $384,900 -- $205 / 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 $9,172 $710,867 $328,093 $382,774
2024 $9,172 $696,929 $321,660 $375,269
2023 $9,020 $683,264 $315,353 $367,911
2022 $8,470 $669,868 $309,170 $360,698
2021 $8,302 $656,734 $303,108 $353,626
2020 $5,716 $436,313 $211,118 $225,195
2019 $5,650 $427,759 $206,979 $220,780
2018 $5,419 $419,372 $202,921 $216,451
2016 $4,982 $403,090 $195,043 $208,047
2015 $4,784 $397,036 $192,114 $204,922
2014 $4,757 $389,259 $188,351 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19260217

California Regional Multiple Listing Service (CRMLS)

APN: 7127-020-015