NOT LISTED FOR SALE

5860 Falcon Ave Unit 5862 Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $812,000 - $971,000

6 Beds
2 Baths
1,913 Sq Ft
$458/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $770,000 $403 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,479/month

121 Days on Market

About This Home

As of March 2023

TWO COMPLETELY DETACHED HOMES LOCATED IN NORTH LONG BEACH, EACH UNIT HAS 3 BEDROOMS AND 1 BATH,TILE FLOORS, ON A TREE LINE STREET, EACH HOME HAS THEIR OWN LAUNDRY AREA, COPPER PLUMBING, NICE PATIO BETWEEN BOTH HOMES BUILT WITHIN THE LAST COUPLE OF YEARS, PLENTY OF PARKING SPACE. THE FRONT UNIT HAS SOLAR PANELS AND BUYER TO ASSUME THE LEASE. PRICED TO SELL, THE HOME APPRAISED FOR $770,000. FOR LEASE PANEL INFORMATION PLEASE SUPPLEMENTS.

Last Agent to Sell the Property

Art Gonzalez

Home Smart Realty Group License #01207677 Listed on: 08/31/2022

Home Smart Realty Group

Last Buyer's Agent

Thomas Lorini

eXp Realty of California Inc License #02049448

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,246

Year Built

  • Built in 1940

Lot Details

  • 4,610 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,913 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 6 / D
  • Tax Tract Number 6773
  • Assessor Parcel Number 7123019006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Insurance Expense $160
  • Trash Expense $80
  • Water Sewer Expense $40
  • Operating Expense $280
  • Gross Income $5,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,246

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 379500
  • Property Attached: No
  • Subdivision Name Other: North Long Beach
  • View: No
  • Water Sewer Expenses: 40.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7123019006
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 402.51

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 80.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4610.00
  • Lot Size Acres: 0.1058

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 5600.00
  • Gross Scheduled Income: 5600.00
  • Insurance Expense: 160.00
  • Lot Size Area: 4610.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 280.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5706.02
  • Tax Lot: 6
  • Tax Tract Number: 6773

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Jan 31, 2023
Sold by
Gresham Robert A and Gresham Rebeca
Bought by
Sandhu Arvind
Seller's Agent
Art Gonzalez
Home Smart Realty Group
Buyer's Agent
Thomas Lorini
eXp Realty of California Inc
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%
Views
99
Current Estimated Value
$875,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,782
Avg. Annual Appreciation
4.40%
Original Mortgage
$738,908
Interest Rate
6.12%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2015
Sold by
Gresham Robert A
Bought by
Gresham Robert A and Gresham Rebeca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,282
Interest Rate
3.83%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 30, 2010
Sold by
Gresham Rebeca
Bought by
Gresham Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,497
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2010
Sold by
Epperly Darin
Bought by
Gresham Robert A

Purchase Details

Closed on
Oct 6, 2009
Sold by
Epperly Esperanza
Bought by
Epperly Darin

Purchase Details

Closed on
Oct 2, 2009
Sold by
Us Bank National Association
Bought by
Epperly Darin

Purchase Details

Closed on
Jan 13, 2009
Sold by
Telon Victor Hugo
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 24, 2006
Sold by
Telon Onelia Alcira
Bought by
Telon Victor Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 14, 2006
Sold by
Barrios Nelson and Barrios Elisa
Bought by
Telon Victor Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 15, 2001
Sold by
Rayburn Carol E and The Carol E Rayburn 1999 Revoc
Bought by
Barrios Nelson and Barrios Elisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,049
Interest Rate
6.57%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 1999
Sold by
Rayburn Carol E
Bought by
Rayburn Carol E and Carol E Rayburn 1999 Revocable

Purchase Details

Closed on
Oct 2, 1997
Sold by
Rayburn Dean
Bought by
Rayburn Carol
Source: Public Records

Range of Values:

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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
Sandhu Arvind $770,000 --
Gresham Robert A -- Pacific Coast Title Company
Gresham Robert A -- First American Title Co La
Gresham Robert A $359,000 Fatcola
Epperly Darin -- Ticor Title Company
Epperly Darin $241,500 Ticor Title San Bernardino
Us Bank National Association $279,388 Service Link
Telon Victor Hugo -- Commonwealth Land Title Co
Telon Victor Hugo $610,000 Commonwealth Land Title Co
Barrios Nelson $191,000 Fidelity Title
Rayburn Carol E -- --
Rayburn Carol -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandhu Arvind $738,908
Previous Owner Gresham Robert A $519,968
Previous Owner Gresham Robert A $529,100
Previous Owner Gresham Robert A $442,205
Previous Owner Gresham Robert A $406,898
Previous Owner Gresham Robert A $365,282
Previous Owner Gresham Robert A $365,282
Previous Owner Gresham Robert A $103,357
Previous Owner Gresham Robert A $351,344
Previous Owner Gresham Robert A $352,497
Previous Owner Telon Victor Hugo $122,000
Previous Owner Telon Victor Hugo $488,000
Previous Owner Barrios Nelson $278,000
Previous Owner Barrios Nelson $50,000
Previous Owner Barrios Nelson $197,959
Previous Owner Barrios Nelson $188,049
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $770,000 +1.4% $403 / Sq Ft
03/10/2023 03/10/23 Price Changed $759,000 -5.0% $397 / Sq Ft
02/15/2023 02/15/23 For Sale $799,000 0.0% $418 / Sq Ft
12/30/2022 12/30/22 Pending -- -- --
12/26/2022 12/26/22 Pending -- -- --
11/06/2022 11/06/22 Price Changed $799,000 -2.4% $418 / Sq Ft
10/29/2022 10/29/22 Price Changed $819,000 -1.2% $428 / Sq Ft
10/15/2022 10/15/22 Price Changed $829,000 -2.4% $433 / Sq Ft
08/31/2022 08/31/22 For Sale $849,000 -- $444 / 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 $10,246 $801,108 $384,948 $416,160
2024 $10,246 $785,400 $377,400 $408,000
2023 $6,037 $445,398 $186,099 $259,299
2022 $5,674 $436,665 $182,450 $254,215
2021 $5,556 $428,104 $178,873 $249,231
2020 $5,541 $423,715 $177,039 $246,676
2019 $5,477 $415,408 $173,568 $241,840
2018 $5,271 $407,264 $170,165 $237,099
2016 $4,844 $391,451 $163,558 $227,893
2015 $4,652 $385,572 $161,102 $224,470
2014 -- $378,020 $157,947 $220,073
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Art Gonzalez

    Home Smart Realty Group

    (310) 544-6100

    1 in this area

    10 Total Sales

    Art Gonzalez
    Section Image
  • Thomas Lorini

    Buyer's Agent in 2023

    Thomas Lorini

    eXp Realty of California Inc

    (949) 701-8272

    1 in this area

    27 Total Sales

    Thomas Lorini
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22191205

California Regional Multiple Listing Service (CRMLS)

APN: 7123-019-006

California Los Angeles County Long Beach 90805 Nehyam

5860 Falcon Ave Unit 5862, Long Beach, CA

This home is located at 5860 Falcon Ave Unit 5862, Long Beach, CA 90805 since 31 August 2022 and is currently estimated at $875,782, approximately $457 per square foot. This property was built in 1940. 5860 Falcon Ave Unit 5862 is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Lindbergh STEM Academy, and Jordan 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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