NOT LISTED FOR SALE

5517 Lime Ave Long Beach, CA 90805

Lindbergh Neighborhood
-- Bed
-- Bath
5,220 Sq Ft
1963 Built

Last Sold June 15, 2012

Last sale price $680,000 $130 Per Sq Ft

253 Days on Market

About This Home

As of June 2012

Drive-by Only. Tenants are not aware of the sell. Please don't disturb. The subject property is a great investment opportunity in Long Beach, California. Located in the quiet residential neighborhood, the property is surrounded by mostly single-family homes and is within walking distance to shopping area as well as transportation. The well-maintained building was built in 1963 and consists of seven units. The unit mix consists of five two-bedroom/one-bath and two one-bedroom/one-bath units. The building is a two-story wood frame structure and the units are separately metered for gas and electricity. Each unit also has its own hot water heater. There are three garages in front of the building and an on-site laundry room for the convenience of the tenants. Most of the units have been upgraded with tile floor and the building is freshly painted. This excellent investment opportunity offers a hardworking, 'hands-on' owner a good cash flow and strong upside potential property to owner.

Last Agent to Sell the Property

Hiu Chan

Hiu Chan, Broker License #01297322 Listed on: 06/23/2011

Hiu Chan, Broker

Last Buyer's Agent

Hiu Chan

Hiu Chan, Broker License #01297322 Listed on: 06/23/2011

Hiu Chan, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Parking

  • 3 Parking Spaces

Home Design

  • 5,220 Sq Ft Home
  • Traditional Architecture
  • Stucco

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127009027

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $2,200
  • Maintenance Expense $4,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $9,000
  • Gross Income $6,435
  • Net Operating Income $49,079

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.03
  • View: No
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7127009027
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 130.27

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 6435.00
  • Gross Multiplier: 9.04
  • Gross Scheduled Income: 77220.00
  • Insurance Expense: 2200.00
  • Maintenance Expense: 4200.00
  • Net Operating Income: 49079.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 24850.00

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 58
  • Tax Tract Number: 5737

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2012 06/15/12 Sold $680,000 -5.6% $130 / Sq Ft
03/02/2012 03/02/12 Pending -- -- --
06/23/2011 06/23/11 For Sale $720,000 -- $138 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2012

    Hiu Chan

    Hiu Chan, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P786731

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90805 Lindbergh

5517 Lime Ave, Long Beach, CA

This home is located at 5517 Lime Ave, Long Beach, CA 90805 since 23 June 2011. This property was built in 1963. 5517 Lime Ave is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Lindbergh STEM Academy, and Jordan High School.

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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

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