NOT LISTED FOR SALE

5507 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $930,000 - $1,180,000

6 Beds
4 Baths
2,657 Sq Ft
$406/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $810,000 $305 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,560/month

35 Days on Market

Highlights

  • 5 Car Attached Garage
  • Laundry Room
  • East Facing Home

About This Home

As of September 2020

4 Units Across Two Buildings - Built In 1958 & 1931 - (2) 2 Bedroom + 1 Bathroom Units, (2) 1 Bedroom + 1 Bathroom Units - 2,657 GSF - Individually Metered For Electricity & Gas - 8 Parking Spaces + Driveway - Coin-Operated Laundry Room - 5,685 SF Lot - LBR3S Zoning - - Detached Owner's 2 Bedroom + 1 Bathroom Unit ("5509 Lime Avenue" - 942 SF per Assessor) Is Currently Vacant, Ready-To-Rent, Contains a 3rd Room (No Closet), Small Backyard Patio Area Behind Detached Unit, In-Unit Laundry Hook Ups

Last Agent to Sell the Property

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 07/20/2020

Last Buyer's Agent

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,685 Sq Ft Lot
  • East Facing Home

Parking

  • 5 Car Attached Garage
  • 3 Open Parking Spaces

Interior Spaces

  • 2,657 Sq Ft Home
  • 2-Story Property
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 7127-009-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2657
  • Lot Acreage: 0.1305
  • Stories: 2
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Laundry: Laundry Area, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Gas Or Electric Dryer Hookup, Washer, Refrigerator, Microwave
  • Price Per S Q F T: 338.73

Exterior Features

  • Direction Faces: East
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 3
  • Covered Parking: 5
  • Garage Structures: 2
  • Parking Garage: Garage - 2 Car, Garage - 1 Car, Garage, Attached
  • Total Parking: 8

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 61.54
  • Assessed Improvement Value: 264935
  • Assessed Land Percent: 38.46
  • Assessed Land Value: 165584
  • Total Assessed Value: 430519
  • Assessor Parcel Number: 7127-009-028
  • Lot Size Area: 5685

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.20
  • Number Of Units: 4
  • Type Of Units: Standard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Sep 24, 2020
Sold by
Hasbun Juan Carlos and Hasbun Giovinetza
Bought by
Limeplex Apt Llc
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$899,999
Sold Price
$810,000
Premium/Discount to List
-$89,999
-10%
Current Estimated Value
$1,078,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,738
Avg. Annual Appreciation
5.46%
Original Mortgage
$607,500
Outstanding Balance
$537,890
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$540,848

Purchase Details

Listed on
Jul 20, 2020
Closed on
Aug 21, 2020
Sold by
Rael Eric and Rael Laurie Ann
Bought by
Hasbun Juan Carlos and Hasbun Giovinetza
Seller's Agent
David Harrington
Matthews Real Estate Investment Services
Buyer's Agent
David Harrington
Matthews Real Estate Investment Services
List Price
$899,999
Sold Price
$810,000
Premium/Discount to List
-$89,999
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Outstanding Balance
$537,890
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$540,848

Purchase Details

Closed on
Nov 30, 2016
Sold by
Rael Eric
Bought by
The Rael Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2016
Sold by
Rael Laurie
Bought by
Rael Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2011
Sold by
Jones Thomas
Bought by
Rael Eric and Rael Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2007
Sold by
Jones Thomas and Raygoza Jose Carlos
Bought by
Jones Thomas

Purchase Details

Closed on
Dec 23, 2005
Sold by
Worcester John and Worcester Diane
Bought by
Jones Thomas and Raygoza Jose Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Agrazsanchez Ariel
Bought by
Worcester John and Worcester Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2002
Sold by
Gough David William and Gough Tamara Lee
Bought by
Agrazsanchez Ariel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.13%

Purchase Details

Closed on
Mar 2, 2001
Sold by
Camacho Betty
Bought by
Gough David William and Gough Tamara Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.19%

Purchase Details

Closed on
May 3, 1995
Sold by
Manchester Martin G and Manchester Jeanne H
Bought by
Gough David William and Gough Tamara Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Limeplex Apt Llc -- None Available
Hasbun Juan Carlos $810,000 North American Title Co Inc
The Rael Trust -- None Available
Rael Eric -- Title 365
Rael Eric $390,000 Chicago Title Company
Jones Thomas -- None Available
Jones Thomas $750,000 Investors Title Company
Worcester John $460,000 --
Agrazsanchez Ariel $265,000 North American Title Co
Gough David William -- North American Title Co
Gough David William -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hasbun Juan Carlos $607,500
Previous Owner Rael Eric $180,000
Previous Owner Rael Eric $234,500
Previous Owner Jones Thomas $600,000
Previous Owner Worcester John $368,000
Previous Owner Agrazsanchez Ariel $212,000
Previous Owner Gough David William $175,000
Previous Owner Gough David William $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold $810,000 -10.0% $305 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $899,999 0.0% $339 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $899,999 -- $339 / Sq Ft
Source: The MLS

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 $11,491 $876,769 $324,729 $552,040
2024 $11,491 $859,578 $318,362 $541,216
2023 $11,294 $842,724 $312,120 $530,604
2022 $10,608 $826,200 $306,000 $520,200
2021 $10,390 $810,000 $300,000 $510,000
2020 $6,224 $456,866 $175,717 $281,149
2019 $6,152 $447,909 $172,272 $275,637
2018 $5,936 $439,128 $168,895 $270,233
2016 $5,461 $422,079 $162,338 $259,741
2015 $5,251 $415,740 $159,900 $255,840
2014 $5,232 $407,597 $156,768 $250,829
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Harrington

    Matthews Real Estate Investment Services

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Map

Source: The MLS

MLS Number: 20-609058

The MLS

APN: 7127-009-028

California Los Angeles County Long Beach 90805 Lindbergh

5507 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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