NOT LISTED FOR SALE

5524 Linden Ave Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $748,000 - $940,000

3 Beds
3 Baths
1,644 Sq Ft
$537/Sq Ft Est. Value

Last Sold June 27, 2017

Last sale price $526,000 $320 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,312/month

60 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Laundry Room
  • Property is near public transit
  • Neighborhood Views
  • No Interior Steps

About This Home

As of June 2017

Good Bread and Butter Rental Area. Clean street near shopping and transportation. New buyer only pays for water & trash, gardener. Triplex security front doors and 3 individual garages. Rents are low and property has good potential growth. This is one of the best buys on the market.
The seller is firm on the price. Property to be sold "As Is"

Last Agent to Sell the Property

Ben J Johnson

City Wide Property Management License #00673471 Listed on: 03/20/2017

Last Buyer's Agent

Gabriel Perez

T.N.G. Real Estate Consultants License #01398924

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 40x125
  • 1 Common Wall
  • South Facing Home
  • Brick Fence
  • Chain Link Fence
  • No Sprinklers

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Shared Driveway
  • Unassigned Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,644 Sq Ft Home
  • Casement Windows
  • Carpet
  • Neighborhood Views
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Additional Features

  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 12 / 008
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127008010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $360
  • Insurance Expense $1,250
  • Pest Control $300
  • Trash Expense $540
  • Water Sewer Expense $360
  • New Taxes Expense $6,180
  • Operating Expense $9,115
  • Net Operating Income $23,465

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 360.00
  • Zoning: LBR3T
  • Architectural Style: Contemporary
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7127008010
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits, No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 319.95
  • Window Features: Casement Windows

Exterior Features

  • Direction Faces: South
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Unassigned, Driveway, Shared Driveway, Concrete, Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit, Sprinklers None
  • Lot Size: 40x125
  • Lot Size Sq Ft: 5001.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 548 Square Feet
  • Average2 Bed Area: 548 Square Feet
  • Average3 Bed Area: 548 Square Feet
  • Gross Multiplier: 15.80
  • Gross Scheduled Income: 32580.00
  • Insurance Expense: 1250.00
  • Net Operating Income: 23465.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Range: 3
  • Operating Expense: 9115.00
  • Rent Control: No
  • Total Expenses: 9115.00

Tax Info

  • New Taxes Expense: 6180.00
  • Tax Block: 008
  • Tax Census Tract: 5703.04
  • Tax Lot: 12
  • Tax Tract Number: 5737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2017
Closed on
May 30, 2017
Sold by
Abeyrama Ira
Bought by
Sea Pisei and Luong Thanh T
Seller's Agent
Ben J Johnson
City Wide Property Management
Buyer's Agent
Gabriel Perez
T.N.G. Real Estate Consultants
List Price
$515,000
Sold Price
$526,000
Premium/Discount to List
$11,000
2.14%
Current Estimated Value
$882,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,886
Avg. Annual Appreciation
6.29%
Original Mortgage
$354,000
Outstanding Balance
$294,696
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$588,190

Purchase Details

Closed on
Jun 19, 2006
Sold by
Prejean Henry and Cesena Denise
Bought by
Prejean Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2003
Sold by
Schmid Betty J
Bought by
Prejean Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2003
Sold by
Schmid Betty J and Schmid Revocable Trust
Bought by
Schmid Betty J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,500
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2002
Sold by
Schmid Betty J
Bought by
Schmid Betty J and The Schmid Revocable Living Tr
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
Sea Pisei $526,000 Chicago Title Company
Prejean Henry -- Gateway Title Company
Prejean Henry -- Gateway Title Company
Schmid Betty J -- --
Schmid Betty J -- Gateway Title
Schmid Betty J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sea Pisei $354,000
Previous Owner Prejean Henry $315,000
Previous Owner Prejean Henry $255,500
Previous Owner Schmid Betty J $212,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2017 06/27/17 Sold $526,000 +2.1% $320 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
03/20/2017 03/20/17 For Sale $515,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,068 $610,462 $348,173 $262,289
2024 $8,068 $598,494 $341,347 $257,147
2023 $7,931 $586,759 $334,654 $252,105
2022 $7,452 $575,255 $328,093 $247,162
2021 $7,300 $563,976 $321,660 $242,316
2019 $7,197 $547,250 $312,120 $235,130
2018 $6,936 $536,520 $306,000 $230,520
2016 $7,294 $594,175 $367,824 $226,351
2015 $7,002 $585,250 $362,299 $222,951
2014 $6,961 $573,787 $355,203 $218,584
Source: Public Records

Agents Affiliated with this Home

  • Ben J Johnson

    Seller's Agent in 2017

    Ben J Johnson

    City Wide Property Management

    (310) 798-4085

    4 Total Sales

    Ben J Johnson
    Section Image
  • Gabriel Perez

    Buyer's Agent in 2017

    Gabriel Perez

    T.N.G. Real Estate Consultants

    (562) 905-6033

    1 in this area

    23 Total Sales

    Gabriel Perez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17056977

California Regional Multiple Listing Service (CRMLS)

APN: 7127-008-010

California Los Angeles County Long Beach 90805 Dairy

5524 Linden Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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