NOT LISTED FOR SALE

5908 Atlantic Ave Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $465,931

3 Beds
4 Baths
3,405 Sq Ft
$137/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $805,000 $236 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $3,449/month

43 Days on Market

About This Home

As of May 2022

Great investment opportunity. Cash flow opportunity!!! NEW ZONING changed last year. From commercial designation to residential/mixed usage. A MUST see. Growth and opportunity in the area. Please check with the City. Great for anyone that wants cash flow as is or an investor who wants to convert all units to residential. Currently, the building sits as Residential and Commercial. There are 2 residential units upstairs. There is a 3-bedroom 1 bath upstairs. The residential studio upstairs has been completely upgraded with new paint, new lighting, new floor, new mini split AC, and new kitchen. The 2 commercial units downstairs have been updated with new paint. The building is newly painted. The 3 car garage has been newly painted with new garage doors. Additional street parking is readily available. A great property with such a competitive market! Residential sq footage is listed with a total of approx 1692. Commercial space one is approx 866 and the other is 984 with an approx total of 1850.

Last Agent to Sell the Property

Mariyan Bahadarakhann

M B-Real, Inc. License #01816173 Listed on: 01/04/2022

Last Buyer's Agent

Dave Shorter

David Shorter, Broker License #01886301

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,717

Year Built

  • Built in 1950

Lot Details

  • 4,727 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,405 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124017013
  • $1,309 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,004
  • Insurance Expense $2,000
  • Water Sewer Expense $225
  • New Taxes Expense $10,516
  • Operating Expense $16,745
  • Net Operating Income $52,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,717

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 199750
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 225.00
  • Property Type: Residential Income
  • Parcel Number: 7124017013
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 236.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4727.00
  • Lot Size Acres: 0.1085

Multi Family

  • Average3 Bed Area: 1192 Square Feet
  • Average Studio Area: 500 Square Feet
  • Electric Expense: 4004.00
  • Gross Scheduled Income: 69095.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4727.0000 Square Feet
  • Net Operating Income: 52425.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16670.00
  • Rent Control: No
  • Total Expenses: 16745.00

Tax Info

  • New Taxes Expense: 10516.00
  • Tax Lot: 14
  • Tax Tract Number: 6521
  • TaxOtherAnnualAssessmentAmount: 1308.72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2022
Closed on
May 26, 2022
Sold by
Fam Octavio and Fam Georgelina
Bought by
Kohlenberger Sydney A
Seller's Agent
Mariyan Bahadarakhann
M B-Real, Inc.
Buyer's Agent
Dave Shorter
David Shorter, Broker
List Price
$828,000
Sold Price
$805,000
Premium/Discount to List
-$23,000
-2.78%
Total Days on Market
43
Current Estimated Value
$465,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$339,069
Original Mortgage
$407,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2020
Sold by
Villaflor Janet A and Villaflor Lawrence D
Bought by
Desmet Anthony M and Carrera John N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2004
Sold by
Villaflor Lawrence D and Villaflor Janet A
Bought by
Villaflor Janet A and The Lawrence D & Janet A Villaflor Rev T

Purchase Details

Closed on
Feb 27, 2003
Sold by
Webb Eugene R and Webb Aileen F
Bought by
Villaflor Lawrence D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.83%
Mortgage Type
Seller Take Back
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
Kohlenberger Sydney A $450,000 Lawyers Title
Desmet Anthony M $402,000 Orange Coast Title Company
Villaflor Janet A -- --
Villaflor Lawrence D $227,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kohlenberger Sydney A $407,000
Previous Owner Desmet Anthony M $200,000
Previous Owner Villaflor Lawrence D $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $805,000 +0.8% $236 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
01/31/2022 01/31/22 Price Changed $799,000 -3.5% $235 / Sq Ft
01/04/2022 01/04/22 For Sale $828,000 -- $243 / 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
2024 $11,717 $821,100 $637,500 $183,600
2023 $11,503 $805,000 $625,000 $180,000
2022 $6,381 $420,240 $331,500 $88,740
2021 $6,238 $412,000 $325,000 $87,000
2020 $4,917 $300,605 $121,830 $178,775
2019 $4,868 $294,712 $119,442 $175,270
2018 $4,667 $288,934 $117,100 $171,834
2016 $4,301 $277,715 $112,553 $165,162
2015 $4,158 $273,545 $110,863 $162,682
2014 $4,135 $268,188 $108,692 $159,496
Source: Public Records

Agents Affiliated with this Home

  • Mariyan Bahadarakhann

    Seller's Agent in 2022

    Mariyan Bahadarakhann

    M B-Real, Inc.

    (714) 552-9030

    2 in this area

    12 Total Sales

    Mariyan Bahadarakhann
    Section Image

  • D

    Buyer's Agent in 2022

    Dave Shorter

    David Shorter, Broker

    (562) 862-7878

    1 in this area

    30 Total Sales

    Dave Shorter
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22001682

California Regional Multiple Listing Service (CRMLS)

APN: 7124-017-013

California Los Angeles County Long Beach 90805 Houghton Park

5908 Atlantic Ave, Long Beach, CA

This home is located at 5908 Atlantic Ave, Long Beach, CA 90805 since 04 January 2022 and is currently priced at $465,931, approximately $136 per square foot. This property was built in 1950. 5908 Atlantic 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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