NOT LISTED FOR SALE

5886 Lemon Ave Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $738,000 - $828,000

3 Beds
2 Baths
1,232 Sq Ft
$627/Sq Ft Est. Value

Last Sold February 12, 2014

Last sale price $357,000 $290 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,678/month

201 Days on Market

About This Home

As of February 2014

Great investment opportunity. Two separate single family residences on one lot. Updated in 2009. One car garage with plenty of driveway space.

Last Agent to Sell the Property

Tom Schick

Realty Source, Inc License #01457767 Listed on: 05/16/2013

Last Buyer's Agent

Tom Schick

Realty Source, Inc License #01457767 Listed on: 05/16/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,740

Year Built

  • Built in 1925

Lot Details

  • 4,496 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • 1,232 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for gas
  • Tax Lot 2
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124026002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,560
  • Trash Expense $300
  • Water Sewer Expense $300
  • New Taxes Expense $4,010
  • Gross Income $2,400
  • Net Operating Income $22,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,740

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • CapRate: 7.85
  • Property Attached: No
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 7124026002
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 289.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4496.00
  • Lot Size Acres: 0.1030

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 2400.00
  • Gross Multiplier: 12.74
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1560.00
  • Lot Size Area: 4496.0000 Square Feet
  • Net Operating Income: 22630.00
  • 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
  • Operating Expense: 6170.00
  • Rent Control: No
  • Total Actual Rent: 2500.00

Tax Info

  • New Taxes Expense: 4010.00
  • Tax Lot: 2
  • Tax Tract Number: 6521
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2013
Sold by
Carranza Ulises
Bought by
Garcia Miguel
Current Estimated Value
$772,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,750
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2010
Sold by
Youngerman Nancy
Bought by
Carranza Ulises

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,218
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2008
Sold by
Machidome Kanji William
Bought by
Youngerman Nancy

Purchase Details

Closed on
Sep 24, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Youngerman Nancy

Purchase Details

Closed on
Jun 30, 2008
Sold by
Goodloe Alice M
Bought by
Deutsche Bank National Trust Co and Argent Securities Inc Asset Backed Pass

Purchase Details

Closed on
Nov 17, 2005
Sold by
Goodloe Allen R
Bought by
Goodloe Alice Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2005
Sold by
Gregory Douglas R
Bought by
Goodloe Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Garcia Miguel $357,000 Lawyers Title Company
Carranza Ulises $315,000 North American Title Company
Youngerman Nancy -- Fidelity National Title Co
Youngerman Nancy $152,000 Fidelity National Title Co
Deutsche Bank National Trust Co $166,500 None Available
Goodloe Alice Marie -- First Southwestern Title Com
Goodloe Alice M $420,000 First Southwestern Title Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Miguel $267,750
Previous Owner Carranza Ulises $309,218
Previous Owner Goodloe Alice Marie $84,000
Previous Owner Goodloe Alice M $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2014 02/12/14 Sold $357,000 -8.2% $290 / Sq Ft
12/03/2013 12/03/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $389,000 -- $316 / 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 $5,740 $437,621 $245,166 $192,455
2024 $5,740 $429,041 $240,359 $188,682
2023 $5,642 $420,630 $235,647 $184,983
2022 $5,300 $412,383 $231,027 $181,356
2021 $5,192 $404,298 $226,498 $177,800
2020 $5,178 $400,153 $224,176 $175,977
2019 $5,118 $392,308 $219,781 $172,527
2018 $4,958 $384,617 $215,472 $169,145
2016 $4,563 $369,684 $207,106 $162,578
2015 $4,382 $364,132 $203,996 $160,136
2014 $4,070 $331,689 $210,597 $121,092
Source: Public Records

Agents Affiliated with this Home

  • Tom Schick

    Seller's Agent in 2014

    Tom Schick

    Realty Source, Inc

    (562) 714-7589

    37 Total Sales

    Tom Schick
    Section Image

  • N

    Buyer Co-Listing Agent in 2014

    Natalie Winsell

    Keller Williams Newport Estates

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC13092801

California Regional Multiple Listing Service (CRMLS)

APN: 7124-026-002

California Los Angeles County Long Beach 90805 Houghton Park

5886 Lemon Ave, Long Beach, CA

This home is located at 5886 Lemon Ave, Long Beach, CA 90805 since 16 May 2013 and is currently estimated at $772,461, approximately $626 per square foot. This property was built in 1925. 5886 Lemon Ave 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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