Seller's Agent in 2023
Soraya Machado-Powell
Vylla Home, Inc.
(310) 213-4993
1 in this area
30 Total Sales
611 W 5th St Long Beach, CA 90802
West Village NeighborhoodEstimated Value: $1,550,341 - $1,772,000
12
Beds
8
Baths
4,020
Sq Ft
$422/Sq Ft
Est. Value
Highlights
- 0.12 Acre Lot
- Den
- Dining Area
- Furnished
- Gated Home
- 4-minute walk to Cesar E Chavez Park
About This Home
As of September 2023Opportunity of a lifetime! This property has 4 units with 3 bedrooms each, and 1.5 baths each. It is currently rented as a transitional facility, renting to low income tenants who are transitioning to more permanent housing. Almost like an SRO or Single Room Occupancy property. Each of the 12 bedrooms contain 2 single beds, currently renting for $550 per month for each bed. THE ACTUAL RENTS ARE BASED ON HOW MANY BEDS ARE FILLED PER MONTH. FINANCIAL CALCULATIONS ARE PROJECTED BASED ON SECTION 8 RENT VOUCHER AMOUNTS FOR SRO'S. The complex has a laundry room in one of the 2 garages and one extra parking space. Laundry room is located in one of the garages, and has 3 washers and 2 dryers. Seller pays all utilities including WiFi and cable. One block from City Hall, and Close access to Downtown, The Pike, Civic Center Project, Queen Mary Island Development, Aquarium of the Pacific, and the beach, allows tenants to enjoy everything Long Beach has to offer. This beautiful property already features your income producing business. Located in the Downtown Long Beach, Alamitos Beach neighborhood, with an impressive walk score of 88, transit score of 71 and bike score of 82, making all that downtown Long Beach has to offer easily accessible. Close access to The Pike, Civic Center and City Hall, Queen Mary Island Development, Aquarium of the Pacific, Cesar Chavez Park, and the beach, allows tenants to enjoy everything Long Beach has to offer. Please keep in mind that the projected rents vary according to how many beds are filled. The property is in the process of getting an exterior facelift.
Last Agent to Sell the Property
Vylla Home, Inc. License #01108855 Listed on: 07/11/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 5,009 Sq Ft Lot
- Gated Home
- Sprinkler System
Parking
- 1 Open Parking Space
- 2 Car Garage
- Driveway
Home Design
- Quadruplex
- Split Level Home
- Stucco
Interior Spaces
- 4,020 Sq Ft Home
- 2-Story Property
- Furnished
- Dining Area
- Den
- Carpet
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Utilities
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for gas, electricity, gardener, water
- Assessor Parcel Number 7278-020-044
- $2,500 Seller Concession
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 8, 2025
Sold by
2013 Makeda L Robinson Revocable Trust and Robinson Makeda L
Bought by
Qos Investments
Current Estimated Value
Purchase Details
Closed on
Sep 6, 2006
Sold by
Floyd George T
Bought by
Floyd George T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.44%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 2, 2000
Sold by
Hud
Bought by
Floyd George T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,324
Interest Rate
8.13%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 5, 2000
Sold by
Source One Mtg Corp
Bought by
Hud
Purchase Details
Closed on
Dec 8, 1998
Sold by
Moore Joe Max
Bought by
Kilgore Lisa M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,612
Interest Rate
7.2%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 5, 1994
Sold by
Henson Richard W
Bought by
Moore Joe Max
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qos Investments | -- | None Listed On Document | |
| Floyd George T | -- | New Century Title Company | |
| Floyd George T | $205,000 | Provident Title | |
| Hud | -- | -- | |
| Source One Mtg Corp | $308,600 | -- | |
| Kilgore Lisa M | $279,000 | Equity Title | |
| Moore Joe Max | $39,000 | Chicago Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Floyd George T | $250,000 | |
| Previous Owner | Floyd George T | $203,324 | |
| Previous Owner | Kilgore Lisa M | $289,612 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/12/2023 09/12/23 | Sold | $1,575,000 | 0.0% | $392 / Sq Ft |
| 07/26/2023 07/26/23 | Pending | -- | -- | -- |
| 07/11/2023 07/11/23 | For Sale | $1,575,000 | -- | $392 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $20,440 | $1,606,500 | $1,020,000 | $586,500 |
| 2024 | $20,440 | $1,575,000 | $1,000,000 | $575,000 |
| 2023 | $4,580 | $296,886 | $123,675 | $173,211 |
| 2022 | $4,321 | $291,065 | $121,250 | $169,815 |
| 2021 | $4,206 | $285,359 | $118,873 | $166,486 |
| 2019 | $4,146 | $276,898 | $115,349 | $161,549 |
| 2018 | $3,985 | $271,470 | $113,088 | $158,382 |
| 2016 | $3,650 | $260,931 | $108,698 | $152,233 |
| 2015 | $3,517 | $257,013 | $107,066 | $149,947 |
| 2014 | $3,514 | $251,979 | $104,969 | $147,010 |
Source: Public Records
Agents Affiliated with this Home
-
Soraya Machado-Powell
-
Larry Bustamante
Buyer's Agent in 2023
Larry Bustamante
Keller Williams Realty Downey
(323) 481-9788
1 in this area
15 Total Sales
Map
Source: The MLS
MLS Number: 23-288545
APN: 7278-020-044
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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