NOT LISTED FOR SALE

5501 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $856,422 - $1,105,000

5 Beds
3 Baths
2,372 Sq Ft
$395/Sq Ft Est. Value

Last Sold September 25, 2013

Last sale price $425,000 $179 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $5,562/month

84 Days on Market

About This Home

As of September 2013

Short Sale***Price Is Being Disputed With the Bank. 3-Units, Tenant Occupied, Front 2-Bed, 1-Bath, Back Units, 2-Bed 1-Bath, One Single, Rear Units Attached to garages. Seller Will Not Do Any Repairs, Drive By Only, Seller Will Not Evict Tenants, Property is SOLD AS IS*** DON'T DISTURB TENANTS***Price Subject To Lenders Approval.

Last Agent to Sell the Property

Joe Vivanco

Keller Williams SELA License #01218901 Listed on: 06/12/2013

Keller Williams SELA

Last Buyer's Agent

Alex Sanchez

Jason Mitchell Real Estate CA License #01734841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,596 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,372 Sq Ft Home
  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 60
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127009029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,100
  • Net Operating Income $2,750

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7127009029
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Multi/Split
  • Price Per Square Foot: 179.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5596.00
  • Lot Size Acres: 0.1280

Multi Family

  • Gross Income: 3100.00
  • Gross Scheduled Income: 3100.00
  • Lot Size Area: 5596.0000 Square Feet
  • Net Operating Income: 2750.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 350.00
  • Rent Control: No

Tax Info

  • Tax Lot: 60
  • Tax Tract Number: 5737
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2015
Sold by
Tiwari Dilip
Bought by
Tiwari Kevin
Current Estimated Value
$937,606

Purchase Details

Listed on
Jun 12, 2013
Closed on
Sep 20, 2013
Sold by
Tiwari Rose M
Bought by
Tiwari Dilip
Seller's Agent
Joe Vivanco
Keller Williams SELA
Buyer's Agent
Alex Sanchez
Jason Mitchell Real Estate CA
List Price
$350,000
Sold Price
$425,000
Premium/Discount to List
$75,000
21.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$318,750
Outstanding Balance
$237,704
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$699,902

Purchase Details

Closed on
Jan 9, 2006
Sold by
Johnson Harold H
Bought by
Moreno Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2006
Sold by
Johnson Victoria Lee
Bought by
Johnson Harold H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2006
Sold by
Moreno Cynthia
Bought by
Moreno Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
First Trust Corp
Bought by
Johnson Harold H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,250
Interest Rate
5.83%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 27, 2002
Sold by
Fernandez Arturo Torres
Bought by
First Trust Corp

Purchase Details

Closed on
Jul 9, 2001
Sold by
Perez Oscar
Bought by
Team Wins Associates

Purchase Details

Closed on
Jun 13, 2001
Sold by
Fernandez Arturo Torres
Bought by
Perez Oscar

Purchase Details

Closed on
Dec 12, 2000
Sold by
Torres Maria
Bought by
Fernandez Arturo Torres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
7.54%

Purchase Details

Closed on
Aug 11, 1999
Sold by
First Nationwide Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Oct 20, 1998
Sold by
Rojo Ernesto and Amezcua Rosa Maria
Bought by
Federal Housing Relief

Purchase Details

Closed on
Aug 29, 1997
Sold by
Sanchez Palemon M
Bought by
Rojo Ernesto and Amezcua Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,000
Interest Rate
7.49%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.96%

Purchase Details

Closed on
Jan 10, 1997
Sold by
Harrington Bernard J and Harrington Constance B
Bought by
Home Svgs Of America Fsb

Purchase Details

Closed on
Jul 12, 1996
Sold by
Harrington Constance B
Bought by
Harrington Bernard J
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
Tiwari Kevin -- None Available
Tiwari Dilip -- Pacific Coast Title
Tiwari Kevin $425,000 Pacific Coast Title
Moreno Carlos A $565,000 Fatcola
Johnson Harold H -- First American Title Company
Moreno Carlos A -- First American Title Company
Johnson Harold H $265,000 Southland Title Corporation
Johnson Harold H $265,000 Southland Title Corporation
First Trust Corp $196,099 --
Team Wins Associates $1,000 --
Perez Oscar -- Benefit Land Title
Fernandez Arturo Torres -- First Southwestern Title Co
Fernandez Arturo Torres $145,000 First Southwestern Title Co
Hud -- --
First Nationwide Mtg Corp $224,357 --
Federal Housing Relief -- --
Rojo Ernesto $208,000 South Coast Title
Sanchez Palemon $140,500 Investors Title Company
Home Svgs Of America Fsb $105,000 Stewart Title
Harrington Bernard J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tiwari Kevin $318,750
Previous Owner Moreno Carlos A $395,500
Previous Owner Johnson Harold H $56,500
Previous Owner Moreno Carlos A $56,500
Previous Owner Johnson Harold H $13,250
Previous Owner Johnson Harold H $238,500
Previous Owner Fernandez Arturo Torres $163,000
Previous Owner Rojo Ernesto $201,000
Previous Owner Sanchez Palemon $120,000
Closed Johnson Harold H $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2013 09/25/13 Sold $425,000 +21.4% $179 / Sq Ft
08/13/2013 08/13/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $350,000 -- $148 / 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 $7,797 $586,026 $247,089 $338,937
2024 $7,797 $574,537 $242,245 $332,292
2023 $7,664 $563,273 $237,496 $325,777
2022 $7,204 $552,230 $232,840 $319,390
2021 $7,051 $541,403 $228,275 $313,128
2020 $7,033 $535,853 $225,935 $309,918
2019 $6,951 $525,347 $221,505 $303,842
2018 $6,723 $515,047 $217,162 $297,885
2016 $6,183 $495,049 $208,730 $286,319
2015 $5,330 $433,490 $214,195 $219,295
2014 $5,305 $425,000 $210,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Vivanco

    Seller's Agent in 2013

    Joe Vivanco

    Keller Williams SELA

    (562) 228-1893

    34 Total Sales

    Joe Vivanco
    Section Image
  • Alex Sanchez

    Buyer's Agent in 2013

    Alex Sanchez

    Jason Mitchell Real Estate CA

    (562) 239-8819

    59 Total Sales

    Alex Sanchez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13094832

California Regional Multiple Listing Service (CRMLS)

APN: 7127-009-029

California Los Angeles County Long Beach 90805 Lindbergh

5501 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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