NOT LISTED FOR SALE

5577 E Ocean Blvd Long Beach, CA 90803

Peninsula Neighborhood

Estimated Value: $1,419,000 - $1,750,000

2 Beds
2 Baths
1,544 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $1,010,000 $654 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,844/month

12 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • 1 Car Garage
  • Naples Bayside Academy Rated A
  • Corner Lot
  • Carpet

About This Home

As of October 2017

This home is located at 5577 E Ocean Blvd, Long Beach, CA 90803 since 23 August 2017 and is currently estimated at $1,629,079, approximately $1,055 per square foot. This property was built in 1952. 5577 E Ocean Blvd is a home located in Los Angeles County with nearby schools including Naples Bayside Academy, Rogers Middle School, and Woodrow Wilson High School.

Last Agent to Sell the Property

jack irvin

Coldwell Banker Realty License #449434 Listed on: 08/23/2017

Coldwell Banker Realty

Last Buyer's Agent

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,158

Year Built

  • Built in 1952

Lot Details

  • 1,309 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Bay

Home Design

  • Property Attached

Interior Spaces

  • 1,544 Sq Ft Home
  • Open Floorplan
  • Carpet

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 4
  • Tax Tract Number 5775
  • Assessor Parcel Number 7245016010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $25,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,158

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Zoning: LBR2I
  • Property Type: Residential Income
  • Parcel Number: 7245016010
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 654.15

Exterior Features

  • View: Bay, Ocean, Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 1309.00

Multi Family

  • Average1 Bed Area: 775 Square Feet
  • Gross Scheduled Income: 25080.00
  • Net Operating Income: 25080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Rent Control: No

Tax Info

  • Tax Area: 5500
  • Tax Block: 4
  • Tax Census Tract: 5775.04
  • Tax Lot: 10
  • Tax Tract Number: 5775.4
  • Tax Annual Amount: 1158.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2017
Closed on
Sep 11, 2017
Sold by
Owen Diane C
Bought by
Sullivan Michael and Sullivan Michele
Seller's Agent
jack irvin
Coldwell Banker Realty
Buyer's Agent
Jamee Lindberg
Re/Max R. E. Specialists
List Price
$929,900
Sold Price
$1,010,000
Premium/Discount to List
$80,100
8.61%
Current Estimated Value
$1,629,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,079
Avg. Annual Appreciation
6.15%
Original Mortgage
$808,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 1998
Sold by
Fern Owen Trust and Diane C
Bought by
Owen Diane C
Source: Public Records

Range of Values:

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Average Value
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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
Sullivan Michael $1,010,000 Ticor Title Co
Owen Diane C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sullivan Michael $808,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2017 10/30/17 Sold $1,010,000 +8.6% $654 / Sq Ft
08/23/2017 08/23/17 For Sale $929,900 -- $602 / 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 $14,483 $1,158,240 $921,640 $236,600
2024 $14,483 $1,135,530 $903,569 $231,961
2023 $14,242 $1,113,265 $885,852 $227,413
2022 $13,355 $1,091,437 $868,483 $222,954
2021 $13,100 $1,070,037 $851,454 $218,583
2020 $13,066 $1,059,306 $842,724 $216,582
2019 $12,814 $1,030,440 $826,200 $204,240
2018 $12,513 $1,010,240 $810,000 $200,240
2016 $1,158 $75,132 $50,305 $24,827
2015 $1,118 $74,005 $49,550 $24,455
2014 $1,122 $72,556 $48,580 $23,976
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2017

    jack irvin

    Coldwell Banker Realty

    (562) 254-5630

    44 Total Sales

    jack irvin
    Section Image
  • Jamee Lindberg

    Buyer's Agent in 2017

    Jamee Lindberg

    RE/MAX

    (562) 881-3811

    82 Total Sales

    Jamee Lindberg
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17190009

California Regional Multiple Listing Service (CRMLS)

APN: 7245-016-010

California Los Angeles County Long Beach 90803 Peninsula

5577 E Ocean Blvd, Long Beach, CA

This home is located at 5577 E Ocean Blvd, Long Beach, CA 90803 since 23 August 2017 and is currently estimated at $1,629,079, approximately $1,055 per square foot. This property was built in 1952. 5577 E Ocean Blvd is a home located in Los Angeles County with nearby schools including Naples Bayside Academy, Rogers Middle School, and Woodrow Wilson High School.

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.

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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