Seller's Agent in 2023
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
72 Total Sales
5729 California Ave Long Beach, CA 90805
Lindbergh Neighborhood
2
Beds
2
Baths
2,985
Sq Ft
5,566
Sq Ft Lot
About This Home
As of August 20235729 California Avenue is a seven-unit property located in North Long Beach. The property is comprised of six (6) studio units and a detached, remodeled 2BD/1BA house. The house was completely renovated as of 2022. The property is priced at 11.96 x gross and 5.18 cap rate on current rents. A new owner has the opportunity to increase rents and achieve 10.60 x gross and 6.17% cap rate. Additional income generating opportunities for a new owner include renting out storage spaces and surface parking spots on the property. Each building has its own electric meter, and a new owner could implement RUBS to further bring down operating expenditures.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 03/23/2023
Co-Listed By
John Alden
Alden Pacific Investments, Inc. License #02114291
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 5,566 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- 2,985 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Listing and Financial Details
- Legal Lot and Block 18 / E
- Tax Tract Number 5965
- Assessor Parcel Number 7127003017
- $1,142 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 7 Units
- North Long Beach Subdivision
Building Details
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,009
- Fuel Expense $1,931
- Gardener Expense $975
- Insurance Expense $2,388
- Maintenance Expense $4,550
- Other Expense $1,575
- Pest Control $175
- Professional Management Expense $5,984
- Trash Expense $1,018
- Water Sewer Expense $1,437
- New Taxes Expense $18,681
- Operating Expense $43,224
- Gross Income $119,671
- Net Operating Income $76,447
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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2023 08/02/23 | Sold | $1,450,000 | -1.7% | $486 / Sq Ft |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $1,475,000 | +68.6% | $494 / Sq Ft |
| 08/30/2017 08/30/17 | Sold | $874,900 | +2.9% | $293 / Sq Ft |
| 07/07/2017 07/07/17 | Pending | -- | -- | -- |
| 05/01/2017 05/01/17 | For Sale | $849,900 | 0.0% | $285 / Sq Ft |
| 04/27/2017 04/27/17 | Pending | -- | -- | -- |
| 04/24/2017 04/24/17 | For Sale | $849,900 | +33.8% | $285 / Sq Ft |
| 05/14/2015 05/14/15 | Sold | $635,000 | -3.8% | $213 / Sq Ft |
| 03/21/2015 03/21/15 | Pending | -- | -- | -- |
| 02/22/2015 02/22/15 | For Sale | $660,000 | -- | $221 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
-
J
Seller Co-Listing Agent in 2023
John Alden
Alden Pacific Investments, Inc.
-
NoEmail NoEmail
N
Buyer's Agent in 2023
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,881 Total Sales
-
A
Seller's Agent in 2017
Alex Figueroa
Keller Williams Realty
-
E
Seller Co-Listing Agent in 2017
Erick Hernandez
Beacon Hillcrest
-
Manny Fonseca
Seller's Agent in 2015
Manny Fonseca
Rise Realty
(562) 244-5681
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23047866
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
Nearby Homes
- 5636 California Ave
- 1061 E South St
- 5886 Myrtle Ave
- 5901 California Ave
- 5870 Lemon Ave
- 5557 Lemon Ave
- 5960 Lime Ave
- 5868 Linden Ave Unit 6
- 5868 Linden Ave Unit 4
- Plan 1860 at Rhythm
- Plan 1881 at Rhythm
- Plan 1630 Modeled at Rhythm
- Plan 1403 Modeled at Rhythm
- 6001 California Ave
- 5880 Linden Ave Unit 5
- 5880 Linden Ave Unit 4
- 5880 Linden Ave Unit 3
- 5863 Linden Ave
- 477 E South St
- 5536 Linden Ave
- 5721 California Ave
- 5715 California Ave
- 5709 California Ave
- 5720 Myrtle Ave
- 5734 California Ave
- 5716 Myrtle Ave
- 5701 California Ave
- 5710 Myrtle Ave
- 5722 California Ave
- 5716 California Ave
- 1002 E South St
- 921 E South St
- 5817 California Ave
- 919 E South St
- 5661 California Ave
- 5666 Myrtle Ave
- 5710 California Ave
- 937 E South St
- 5704 California Ave
- 5662 Myrtle Ave