5516 Lime Ave Unit 1 Long Beach, CA 90805
Lindbergh Neighborhood
8
Beds
4
Baths
3,100
Sq Ft
5,679
Sq Ft Lot
Highlights
- Gated Community
- Balcony
- Living Room
- Traditional Architecture
- Ceramic Countertops
- Forced Air Heating System
About This Home
As of December 2024Exceptional Investment Opportunity in Prime Long Beach Location!
This rare four-unit property offers both comfort and convenience, making it an ideal investment or multi-generational living space. Each spacious unit boasts 2 well-sized bedrooms and 1 full bathroom, providing ample living space for all. Every unit enjoys its own private patio, perfect for relaxing outdoors.
The gated complex ensures added security and peace of mind, while the abundance of on-site parking makes day-to-day living even easier. Situated in a highly desirable area, the property is just minutes from a variety of shopping destinations, restaurants, and entertainment spots. With easy access to public transportation and close proximity to the 91 Freeway, commuting is a breeze.
Whether you’re looking for a steady income property or a long-term investment with significant growth potential, this property is a must-see. Seize the opportunity to own in a thriving Long Beach neighborhood, and don’t let this chance slip away!
Exceptional Investment Opportunity in Prime Long Beach location. This rare four-unit property located in the heart of Long Beach. Each unit features 2 bedroom and 1 bath, with private patio areas for each. The complex offers offers plenty of on-site parking, and it is gated for added security. Conveniently located close to stores, restaurants, public transportation, and easy access to the 91 Freeway. Don't let this opportunity pass you by!
Last Agent to Sell the Property
NT & Associates, Inc. Brokerage Phone: 562-233-4154 License #01870282 Listed on: 10/19/2024
Last Buyer's Agent
NT & Associates, Inc. Brokerage Phone: 562-233-4154 License #01870282 Listed on: 10/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,906
Year Built
- Built in 1987 | Remodeled
Lot Details
- 5,679 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Fence is in good condition
- No Landscaping
- Rectangular Lot
- Level Lot
- Density is up to 1 Unit/Acre
Home Design
- Traditional Architecture
- Quadruplex
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,100 Sq Ft Home
- 2-Story Property
- Living Room
- Carpet
- Window Bars
Kitchen
- Electric Range
- Ceramic Countertops
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 7 Parking Spaces
- 7 Carport Spaces
- Parking Available
- Driveway
- Parking Lot
Outdoor Features
- Balcony
Utilities
- Forced Air Heating System
- Water Heater
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 73
- Tax Tract Number 5737
- Assessor Parcel Number 7127010013
- $862 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- North Long Beach Subdivision
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $360
- Insurance Expense $2,100
- Trash Expense $1,020
- Water Sewer Expense $985
- New Taxes Expense $15,000
- Operating Expense $4,080
- Gross Income $40,032
- Net Operating Income $35,952
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 19, 2024
Closed on
Nov 5, 2024
Sold by
Tamayo Timoteo
Bought by
Lime Trust and Samson Xyz Llc
Seller's Agent
Hector Molina
NT & Associates, Inc.
Buyer's Agent
Hector Molina
NT & Associates, Inc.
List Price
$1,099,000
Sold Price
$1,015,000
Premium/Discount to List
-$84,000
-7.64%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,176
Avg. Annual Appreciation
2.09%
Purchase Details
Closed on
Nov 18, 2014
Sold by
Torres Maria Olivia Kuk
Bought by
Tamayo Timoteo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,069
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 14, 2014
Sold by
Tamayo Jose Kuk
Bought by
Tamayo Timoteo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,069
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 28, 2002
Sold by
Kim Yong Hwan and Kim Haeng Cha
Bought by
Tamayo Timoteo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,751
Interest Rate
7.04%
Mortgage Type
FHA
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,015,000 | Fidelity National Title | |
| Grant Deed | $1,015,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $275,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $222,069 | FHA | |
| Previous Owner | $270,751 | FHA | |
| Previous Owner | $150,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/11/2024 12/11/24 | Sold | $1,015,000 | -7.6% | $327 / Sq Ft |
| 11/04/2024 11/04/24 | For Sale | $1,099,000 | +8.3% | $355 / Sq Ft |
| 10/30/2024 10/30/24 | Off Market | $1,015,000 | -- | -- |
| 10/19/2024 10/19/24 | For Sale | $1,099,000 | -- | $355 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,906 | $573,231 | $190,235 | $382,996 |
| 2023 | $7,767 | $561,992 | $186,505 | $375,487 |
| 2022 | $7,305 | $550,974 | $182,849 | $368,125 |
| 2021 | $7,142 | $540,171 | $179,264 | $360,907 |
| 2019 | $7,038 | $524,151 | $173,948 | $350,203 |
| 2018 | $6,779 | $513,875 | $170,538 | $343,337 |
| 2016 | $6,229 | $493,922 | $163,917 | $330,005 |
| 2015 | $5,987 | $486,504 | $161,455 | $325,049 |
| 2014 | $4,305 | $331,399 | $120,508 | $210,891 |
Source: Public Records
Agents Affiliated with this Home
-
Hector Molina
Seller's Agent in 2024
Hector Molina
NT & Associates, Inc.
(562) 233-4154
1 in this area
46 Total Sales
-
Teresa Molina
Seller Co-Listing Agent in 2024
Teresa Molina
NT & Associates, Inc.
(562) 233-5786
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS24215824
APN: 7127-010-013
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