H
Seller's Agent in 2012
Hiu Chan
Hiu Chan, Broker
5517 Lime Ave Long Beach, CA 90805
Lindbergh Neighborhood
--
Bed
--
Bath
5,220
Sq Ft
1963
Built
About This Home
As of June 2012Drive-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
Last Buyer's Agent
Hiu Chan
Hiu Chan, Broker License #01297322 Listed on: 06/23/2011
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $11,626 | $841,545 | $314,008 | $527,537 |
| 2024 | $11,626 | $825,045 | $307,851 | $517,194 |
| 2023 | $11,420 | $808,868 | $301,815 | $507,053 |
| 2022 | $10,742 | $793,009 | $295,898 | $497,111 |
| 2021 | $10,495 | $777,461 | $290,097 | $487,364 |
| 2019 | $10,345 | $754,403 | $281,494 | $472,909 |
| 2018 | $10,029 | $739,612 | $275,975 | $463,637 |
| 2016 | $9,216 | $710,894 | $265,259 | $445,635 |
| 2015 | $8,861 | $700,217 | $261,275 | $438,942 |
| 2014 | $8,829 | $686,501 | $256,157 | $430,344 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: P786731
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.
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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