NOT LISTED FOR SALE

5503 E Ocean Blvd Long Beach, CA 90803

Peninsula Neighborhood

Estimated Value: $3,782,000 - $5,916,000

3 Beds
3 Baths
3,188 Sq Ft
$1,476/Sq Ft Est. Value

Last Sold June 06, 2017

Last sale price $3,985,000 $1,250 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $29,565/month

5 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Wine Cellar
  • Naples Bayside Academy Rated A
  • Property has ocean access
  • Dual Staircase

About This Home

As of June 2017

This coveted Peninsula Bay Front three story California Craftsman home was built in 2008. This wonderful home is on a very strategic lot as it is the only home on the block which allows for panoramic veiws of the Bay, Pacific Ocean, Marina, Catalina, Port of Long Beach, and the Mountains. The home is filled with wonderful features such as distressed hickory flooring throughout, custom cherry cabinetry on every floor, Dacor gas 6 burner oven, Dacor undercounter microwave, Dacor warming drawer, Thermador refrigerator, two copper sinks, Bosch dishwasher, McKinley Elevator, 1200 bottle wine cellar, each bathroom has Walker Zanger custom tiles, two custom wood burning fireplaces. Living on the peninsula it is truly a treat to have a 3-car garage for great parking.
This home is so special you must view it to appreciate all its panoramic views and fantastic features. Check out the VIRTUAL TOUR for more!

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 04/10/2017

Last Buyer's Agent

Loree Scarborough

Compass License #01257913

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 2,572 Sq Ft Lot
  • Beach Front
  • Property Fronts a Bay or Harbor
  • Landscaped
  • Corner Lot
  • Property is zoned LBR2I

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener

Property Views

  • Ocean
  • Marina
  • Bay
  • Catalina
  • Panoramic
  • Mountain

Home Design

  • Craftsman Architecture

Interior Spaces

  • 3,188 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Dual Staircase
  • Wood Burning Fireplace
  • Double Pane Windows
  • Stained Glass
  • Wine Cellar
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Living Room Balcony
  • Dining Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Self-Cleaning Oven
  • Six Burner Stove
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Utility Sink

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Property has ocean access
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5775
  • Assessor Parcel Number 7245015001

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security System
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Zoning: LBR2I
  • Architectural Style: Craftsman
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7245015001
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3188.00 Square Feet
  • Interior Amenities: 2 Staircases, Elevator, Granite Counters, Living Room Balcony
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Carpet, Stone, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, Dining Room
  • Fireplace Features: Living Room, Master Bedroom, Wood Burning
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 1250.00
  • Room Type: Family Room, Main Floor Bedroom, Walk-In Closet, Wine Cellar
  • Window Features: Double Pane Windows, Stained Glass
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Exhaust Fan(s), Tile Counters
  • Room Kitchen Features: Granite Counters, Kitchen Island, Kitchen Open To Family Room, Utility Sink

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting, Rain Gutters
  • View: Bay, Catalina, Marina, Mountain(s), Ocean, Panoramic, Water
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage Faces Front, Garage - Single Door, Garage - Two Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Microwave, Refrigerator, Self Cleaning Oven, Warming Drawer
  • Electric: 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Sq Ft: 2572.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Beach Access, Beach Front, Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 5775.04
  • Tax Lot: 1
  • Tax Tract Number: 5775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2017
Closed on
Jun 2, 2017
Sold by
Esser Gerald A and Esser Patricia A
Bought by
Esser Gerald A and Esser Patricia A
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Loree Scarborough
Compass
List Price
$3,985,000
Sold Price
$3,985,000
Current Estimated Value
$4,705,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,927
Avg. Annual Appreciation
1.96%
Original Mortgage
$2,590,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 10, 2017
Closed on
Apr 17, 2017
Sold by
Pearce Steven C and Pearce Linda M
Bought by
Esser Gerald A and Esser Patricia A
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Loree Scarborough
Compass
List Price
$3,985,000
Sold Price
$3,985,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,590,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2013
Sold by
Pearce Steven C and Pearce Linda M
Bought by
Pearce Steven C and Pearce Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2005
Sold by
Pearce Steven C and Pearce Linda M
Bought by
Pearce Steven C and Pearce Linda M

Purchase Details

Closed on
Feb 4, 1999
Sold by
Farmers & Merchants Tr Co Of Long Beach
Bought by
Pearce Steven C and Pearce Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Esser Gerald A -- Accommodation
Esser Gerald A $3,985,000 Fidelity National Title
Pearce Steven C -- First American Title Company
Pearce Steven C -- First American Title Company
Pearce Steven C -- --
Pearce Steven C $775,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Esser Gerald A $2,590,250
Previous Owner Pearce Steven C $417,000
Previous Owner Pearce Steven C $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2017 06/06/17 Sold $3,985,000 0.0% $1,250 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $3,985,000 -- $1,250 / 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 $58,907 $4,600,336 $3,517,904 $1,082,432
2024 $56,407 $4,510,134 $3,448,926 $1,061,208
2023 $55,483 $4,421,700 $3,381,300 $1,040,400
2022 $52,003 $4,335,000 $3,315,000 $1,020,000
2021 $51,230 $4,272,724 $3,216,606 $1,056,118
2020 $51,099 $4,228,913 $3,183,624 $1,045,289
2019 $50,295 $4,145,994 $3,121,200 $1,024,794
2018 $49,141 $4,064,700 $3,060,000 $1,004,700
2017 $16,174 $1,314,878 $878,018 $436,860
2016 $15,057 $1,289,097 $860,802 $428,295
2015 $14,434 $1,269,734 $847,872 $421,862
2014 $14,313 $1,244,863 $831,264 $413,599
Source: Public Records

Agents Affiliated with this Home

  • Kristie Pabst

    Seller's Agent in 2017

    Kristie Pabst

    Pabst, Kinney & Associates

    (562) 987-3244

    30 Total Sales

    Kristie Pabst
    Section Image
  • Loree Scarborough

    Buyer's Agent in 2017

    Loree Scarborough

    Compass

    (562) 225-0511

    2 in this area

    77 Total Sales

    Loree Scarborough
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17076499

California Regional Multiple Listing Service (CRMLS)

APN: 7245-015-001

California Los Angeles County Long Beach 90803 Peninsula

5503 E Ocean Blvd, Long Beach, CA

Not Listed for Sale

Detached

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

Nearby Homes