S
Seller's Agent in 2017
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
85 Total Sales
5720 Lemon Ave Long Beach, CA 90805
Lindbergh Neighborhood
3
Beds
2
Baths
11,330
Sq Ft
11,195
Sq Ft Lot
About This Home
As of January 2017The offering comprises two 1986-construction buildings that contain a total of six one-bedroom/one-bath units and eight two-bedroom/one-bath units. The property also features on-site laundry and ample garage parking.
80’s construction buildings are seen as prime assets because they tend to have larger units, demand higher rents, and on average have significantly lower operating and long-term maintenance expenses. These advantages, along with potential upside in rents and a good location in a dense rental market, make 5720-22 Lemon Avenue a great opportunity for any investor.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016
Last Buyer's Agent
Steven M. Bogoyevac, Broker License #01332755 Listed on: 12/12/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.26 Acre Lot
- No Common Walls
- Density is 11-15 Units/Acre
Parking
- 16 Car Garage
Home Design
- 11,330 Sq Ft Home
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 037
- Tax Tract Number 1
- Assessor Parcel Number 7128001037
Community Details
Overview
- 2 Buildings
- 14 Units
Building Details
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- Insurance Expense $3,965
- Professional Management Expense $8,960
- New Taxes Expense $36,850
- Net Operating Income $109,341
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2017 01/24/17 | Sold | $2,700,000 | -3.6% | $238 / Sq Ft |
| 01/21/2017 01/21/17 | Pending | -- | -- | -- |
| 01/04/2017 01/04/17 | Price Changed | $2,800,000 | -7.0% | $247 / Sq Ft |
| 12/12/2016 12/12/16 | For Sale | $3,010,000 | -- | $266 / 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 | $40,930 | $3,133,577 | $812,407 | $2,321,170 |
| 2024 | $40,930 | $3,072,135 | $796,478 | $2,275,657 |
| 2023 | $40,230 | $3,011,898 | $780,861 | $2,231,037 |
| 2022 | $37,778 | $2,952,842 | $765,550 | $2,187,292 |
| 2021 | $36,985 | $2,894,944 | $750,540 | $2,144,404 |
| 2019 | $36,455 | $2,809,080 | $728,280 | $2,080,800 |
| 2018 | $35,486 | $2,754,000 | $714,000 | $2,040,000 |
| 2016 | $15,798 | $1,191,772 | $374,376 | $817,396 |
| 2015 | $15,199 | $1,173,871 | $368,753 | $805,118 |
| 2014 | $15,158 | $1,150,877 | $361,530 | $789,347 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Bogoyevac
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16761685
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.
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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