Angela Weeks
Responds Quickly
First Team Real Estate
(949) 438-4986
39 Total Sales
1 in West Village
$580,000 Price
624 W 5th St Long Beach, CA 90802
West Village Neighborhood
5
Beds
7
Baths
4,644
Sq Ft
9,993
Sq Ft Lot
Highlights
- City Lights View
- Wood Flooring
- Laundry Facilities
- 0.23 Acre Lot
- No HOA
- 4-minute walk to Cesar E. Chavez Park
About This Home
As of June 2014We are proud to offer a well-maintained 12 unit building located at 624 W. 5thth Street. The property is three blocks west of Magnolia Avenue and two blocks south of 7th Street, in the city of Long Beach. The property is a single story center courtyard building consisting of 5 studio/one bathroom units, 6 one bedroom/ one bathroom and 1 two bedroom/ one bathroom. The wood frame, painted stucco building offers 4644 rentable square feet and was constructed in 1923 and renovated in 2013. The property was recently separated for gas and electric meters and offers many upgrades such as new exterior paint, new windows, new kitchens, new flooring, and new garage doors to compliment the curb appeal of the property. Situated within close proximity to the new $395 million dollar Governor George Deukmejian Court House and numerous restaurants and shopping at the Pike and North Pine Ave, this offering is well situated to handle the high demand for housing.
Last Agent to Sell the Property
Ryan Rayburn
Marcus & Millichap License #01496522 Listed on: 02/17/2014
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923 | Remodeled
Lot Details
- 9,993 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Unassigned Parking
Home Design
- Property Attached
- Flat Roof Shape
- Raised Foundation
Interior Spaces
- 4,644 Sq Ft Home
- 1-Story Property
- Wood Flooring
- City Lights Views
- Convection Oven
Bedrooms and Bathrooms
- 5 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 2,4 / 140
- Assessor Parcel Number 7278025021
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $8,400
- Insurance Expense $1,625
- Maintenance Expense $6,000
- Professional Management Expense $5,703
- New Taxes Expense $13,388
- Gross Income $10,005
- Net Operating Income $76,361
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 17, 2014
Closed on
May 6, 2014
Sold by
Bought by
Seller's Agent
Ryan Rayburn
Marcus & Millichap
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,190,000
Sold Price
$1,150,000
Premium/Discount to List
-$40,000
-3.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$805,000
Interest Rate
4.17%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 21, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.53%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Sep 23, 2011
Sold by
Bought by
Purchase Details
Closed on
Feb 6, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,893
Interest Rate
6.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 15, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,893
Interest Rate
6.07%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 9, 2005
Sold by
Bought by
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
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 26, 2005
Sold by
Bought by
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
5.65%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 4, 2001
Sold by
Bought by
Purchase Details
Closed on
Jun 19, 2001
Sold by
Bought by
Purchase Details
Closed on
Sep 21, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
7.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 14, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,600
Interest Rate
7.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 1998
Sold by
Bought by
Purchase Details
Closed on
Dec 16, 1994
Sold by
Bought by
Purchase Details
Closed on
Sep 14, 1994
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Village, CA
-
Angela Weeks
-
L'mar Kojani
L'mar Kojani
Keller Williams Realty
(424) 345-1217
46 Total Sales
1 in West Village
$420,000 Price
-
Jane Castillo
Jane Castillo
Keller Williams Realty
(424) 283-4769
21 Total Sales
1 in West Village
$410,000 Price
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in West Village
$309,000 Price
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
1 in West Village
$1,065,000 Price
-
Amirah Halum
Amirah Halum
Compass
(442) 256-8829
139 Total Sales
2 in West Village
$363,000 Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,150,000 | Pacific Coast Title Company | ||
| $615,000 | Ticor Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Chicago Title Company | ||
| -- | Fidelity National Title Co | ||
| -- | None Available | ||
| -- | North American Title Co | ||
| $53,000 | North American Title Co | ||
| $219,000 | Continental Title | ||
| -- | Lawyers Title Insurance Co | ||
| $175,000 | Commonwealth Land Title Co | ||
| $11,000 | -- | ||
| -- | Fidelity National Title | ||
| -- | Fidelity National Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,850,000 | ||
| Closed | $1,585,000 | ||
| Previous Owner | $805,000 | ||
| Previous Owner | $50,000 | ||
| Previous Owner | $300,000 | ||
| Previous Owner | $310,000 | ||
| Previous Owner | $65,893 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $80,000 | ||
| Previous Owner | $152,600 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2014 06/26/14 | Sold | $1,150,000 | -3.4% | $248 / Sq Ft |
| 06/26/2014 06/26/14 | Pending | -- | -- | -- |
| 02/17/2014 02/17/14 | For Sale | $1,190,000 | -- | $256 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $20,391 | $1,409,732 | $986,814 | $422,918 |
| 2024 | $19,500 | $1,382,091 | $967,465 | $414,626 |
| 2023 | $18,912 | $1,354,993 | $948,496 | $406,497 |
| 2022 | $17,779 | $1,328,426 | $929,899 | $398,527 |
| 2021 | $17,395 | $1,302,379 | $911,666 | $390,713 |
| 2019 | $17,146 | $1,263,751 | $884,626 | $379,125 |
| 2018 | $16,590 | $1,238,973 | $867,281 | $371,692 |
| 2016 | $15,289 | $1,190,863 | $833,604 | $357,259 |
| 2015 | $14,694 | $1,172,976 | $821,083 | $351,893 |
| 2014 | $8,591 | $617,791 | $431,952 | $185,839 |
Source: Public Records
Agents Affiliated with this Home
-
R
Seller's Agent in 2014
Ryan Rayburn
Marcus & Millichap
-
Anthony Walker
Buyer's Agent in 2014
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
88 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14061577
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
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