NOT LISTED FOR SALE

5715 Orange Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $1,259,000 - $1,418,593

9 Beds
8 Baths
4,068 Sq Ft
$335/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $775,000 $191 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $8,058/month

21 Days on Market

About This Home

As of October 2016

5715 Orange Ave is listed for sale for the first time in 28 years. It is a well maintained 4-unit apartment building with garage parking and laundry onsite. The property was originally developed in 1978 and features large units averaging over 1,000 SF per unit. The unit mix consists of one 3 bedroom 2 bath unit and three 2 bedroom 2 bath units. Rents are very low and can be marked up to market. One 2 bedroom unit is but fully upgraded with new appliances, vanities, fixtures, and flooring.

Last Agent to Sell the Property

Jack Levis

CBRE Inc. License #01886278 Listed on: 08/22/2016

Last Buyer's Agent

Huok Lo

Lifetime Realty Inc License #01368263

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 5,139 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 4,068 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 8281
  • Assessor Parcel Number 7128006031

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $1,650
  • Water Sewer Expense $3,198
  • New Taxes Expense $9,802
  • Gross Income $6,070
  • Net Operating Income $50,759

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 3198.00
  • Zoning: LBR3T
  • Property Type: Residential Income
  • Parcel Number: 7128006031
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 190.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • 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: 5139.00
  • Price Per Lot Square Foot: 150.81

Multi Family

  • Electric Expense: 900.00
  • Gross Income: 6070.00
  • Gross Scheduled Income: 72840.00
  • Insurance Expense: 1650.00
  • Net Operating Income: 50759.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 20029.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9802.00
  • Tax Lot: 10
  • Tax Tract Number: 8281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2016
Closed on
Aug 31, 2016
Sold by
Gibson Richard and The Gibson Family Trust
Bought by
Khauo Heang and Thai Huong
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Huok Lo
Lifetime Realty Inc
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$1,361,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,148
Avg. Annual Appreciation
6.23%
Original Mortgage
$581,250
Interest Rate
3.44%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Khauo Heang $775,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khauo Heang $581,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2016 10/21/16 Sold $775,000 0.0% $191 / Sq Ft
09/12/2016 09/12/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $775,000 -- $191 / 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 $11,874 $899,448 $348,173 $551,275
2024 $11,874 $881,813 $341,347 $540,466
2023 $11,674 $864,523 $334,654 $529,869
2022 $10,969 $847,573 $328,093 $519,480
2021 $10,735 $830,955 $321,660 $509,295
2019 $10,582 $806,310 $312,120 $494,190
2018 $10,254 $790,500 $306,000 $484,500
2016 $7,326 $578,590 $161,681 $416,909
2015 $7,040 $569,900 $159,253 $410,647
2014 $7,006 $558,737 $156,134 $402,603
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jack Levis

    CBRE Inc.

    Section Image

  • H

    Buyer's Agent in 2016

    Huok Lo

    Lifetime Realty Inc

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16186601

California Regional Multiple Listing Service (CRMLS)

APN: 7128-006-031

California Los Angeles County Long Beach 90805 Lindbergh

5715 Orange Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.