NOT LISTED FOR SALE

5523 Atlantic Ave Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $1,050,234 - $1,280,000

4 Beds
4 Baths
3,900 Sq Ft
$297/Sq Ft Est. Value

Sale Details

Date Sold: January 8, 2016

Last sale price $615,000 $158 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $7,217 / mo

16 Days on Market

About This Home

As of January 2016

• 6 Large 1 bed-1 bath units
• Interiors in good condition – Kitchens & bath upgrades
• 4 Onsite spaces and ample street parking
• Separate Utility Meters
• Laundry facility

Last Agent to Sell the Property

Brad Miles

INCO Commercial Realty Inc License #00927860 Listed on: 10/04/2015

Last Buyer's Agent

Brad Miles

INCO Commercial Realty Inc License #00927860 Listed on: 10/04/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 4,952 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • 3,900 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127008024

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $480
  • Insurance Expense $1,560
  • Professional Management Expense $3,007
  • Trash Expense $383
  • Water Sewer Expense $1,152
  • New Taxes Expense $7,620
  • Gross Income $58,328
  • Net Operating Income $37,671

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

4,952 Sq Ft Lot

Parking

1

Listing Details

  • Professional Management Expense: 3007.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1152.00
  • Property Type: Residential Income
  • Parcel Number: 7127008024
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 157.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 383.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 4952.00
  • Price Per Lot Square Foot: 124.19
  • Lot Size Acres: 0.1140

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 58328.00
  • Gross Scheduled Income: 58328.00
  • Insurance Expense: 1560.00
  • Lot Size Area: 4952.0000 Square Feet
  • Net Operating Income: 37671.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 20657.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7620.00
  • Tax Lot: 28
  • Tax Tract Number: 5737

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2015
Sold by
Bought by
Current Estimated Value
$1,171,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,250
Interest Rate
0.035%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 25, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,650
Interest Rate
0.0565%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 17, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,200
Interest Rate
0.0762%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,000
Interest Rate
0.0775%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
0.071%

Purchase Details

Closed on
Feb 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
0.071%

Purchase Details

Closed on
Jan 2, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
0.071%

Purchase Details

Closed on
Dec 2, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,442
Interest Rate
0.0639%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Oct 18, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 9, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$615,000 Fidelity National Title
$569,500 First American Title Ins Co
$477,000 None Available
$869,000 Security Union Title
$740,000 First American Title Co
-- North American Title Co
$420,000 North American Title Co
-- --
-- American Title
$295,000 American Title
$163,000 Continental Title
$104,097 --
$125,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $388,000
Closed $461,250
Closed $398,650
Closed $695,200
Closed $518,000
Closed $378,000
Closed $290,442
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/08/2016 01/08/16 Sold $615,000 -3.1% $158 / Sq Ft
10/20/2015 10/20/15 Pending -- -- --
10/04/2015 10/04/15 For Sale $635,000 -- $163 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,696 $728,029 $183,486 $544,543
2024 $10,214 $713,755 $179,889 $533,866
2023 $10,031 $699,761 $176,362 $523,399
2022 $9,395 $686,041 $172,904 $513,137
2021 $9,197 $672,590 $169,514 $503,076
2019 $9,057 $652,642 $164,487 $488,155
2018 $8,769 $639,846 $161,262 $478,584
2016 $8,246 $624,688 $332,871 $291,817
2015 $7,938 $615,305 $327,871 $287,434
2014 $8,295 $603,253 $321,449 $281,804
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brad Miles

    INCO Commercial Realty Inc

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15218625

California Regional Multiple Listing Service (CRMLS)

APN: 7127-008-024

California Los Angeles County Long Beach 90805 Dairy

5523 Atlantic Ave, Long Beach, CA

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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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