NOT LISTED FOR SALE

5660 Elm Ave Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $718,000 - $819,000

2 Beds
2 Baths
1,040 Sq Ft
$730/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $599,999 $577 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,655/month

10 Days on Market

About This Home

As of March 2021

ATTENTION BUYERS, investors and owner users. Fantastic opportunity to own a duplex in a highly desirable neighborhood, just minutes from Downtown, Aquarium of the Pacific, beach & Convention center. Easy access to 710 & 405. Each unit has 1 bedroom & 1 Bath, both units have been recently updated with new flooring & fresh paint. Spacious backyard is great for entertaining. There is a spacious 2 car garage . Take advantage of low interest rate & lock a positive cash flow from the start.

Last Agent to Sell the Property

Sonia Fernandez

United Executives License #01824628 Listed on: 01/22/2021

United Executives

Last Buyer's Agent

Jon Schwartz

Pinnacle Realty Advisors License #02123925

Pinnacle Realty Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 4,511 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,040 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Tax Tract Number 5966
  • Assessor Parcel Number 7127027001

Community Details

Overview

  • 2 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7127027001
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 576.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4511.00
  • Lot Size Acres: 0.1036

Multi Family

  • Lot Size Area: 4511.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5703.03
  • Tax Lot: 1
  • Tax Tract Number: 5966

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 29, 2020
Sold by
Seidl Linda
Bought by
Goldstar Enterprises Inc
Current Estimated Value
$758,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Outstanding Balance
$360,457
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$398,332

Purchase Details

Closed on
Sep 18, 2001
Sold by
Covington Harry B and Covington Gary W
Bought by
Covington Harry B

Purchase Details

Closed on
Aug 1, 2001
Sold by
Covington Gary W
Bought by
Covington Harry B

Purchase Details

Closed on
Jul 31, 2001
Sold by
Frank David and Frank Carol S
Bought by
Covington Harry B

Purchase Details

Closed on
Jul 26, 2001
Sold by
Covington Stephen M
Bought by
Covington Harry B

Purchase Details

Closed on
Jul 23, 2001
Sold by
Seidl Steven and Seidl Linda P
Bought by
Covington Harry B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

Date Buyer Sale Price Title Company
Goldstar Enterprises Inc $480,000 Ticor Title Company Of Ca
Covington Harry B -- --
Covington Harry B $8,000 --
Covington Harry B $8,000 --
Covington Harry B $8,000 --
Covington Harry B $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goldstar Enterprises Inc $406,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2021 03/16/21 Sold $599,999 0.0% $577 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $599,990 -- $577 / 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 $8,710 $649,458 $324,729 $324,729
2024 $8,368 $636,724 $318,362 $318,362
2023 $8,222 $624,240 $312,120 $312,120
2022 $7,719 $612,000 $306,000 $306,000
2021 $6,113 $480,000 $280,000 $200,000
2020 $1,502 $99,309 $60,096 $39,213
2019 $1,484 $97,363 $58,918 $38,445
2018 $1,371 $95,455 $57,763 $37,692
2016 $1,261 $91,750 $55,521 $36,229
2015 $1,215 $90,373 $54,688 $35,685
2014 $1,218 $88,603 $53,617 $34,986
Source: Public Records

Agents Affiliated with this Home

  • Sonia Fernandez

    Seller's Agent in 2021

    Sonia Fernandez

    United Executives

    (562) 762-6490

    1 in this area

    22 Total Sales

    Sonia Fernandez
    Section Image
  • Jon Schwartz

    Buyer's Agent in 2021

    Jon Schwartz

    Pinnacle Realty Advisors

    (323) 393-5273

    1 in this area

    39 Total Sales

    Jon Schwartz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21014347

California Regional Multiple Listing Service (CRMLS)

APN: 7127-027-001

California Los Angeles County Long Beach 90805 Dairy

5660 Elm Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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