NOT LISTED FOR SALE

634 E 5th St Unit B Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,326,000 - $1,769,000

14 Beds
7 Baths
5,172 Sq Ft
$293/Sq Ft Est. Value

Sale Details

Date Sold: July 1, 2016

Last sale price $1,200,000 $232 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,415 / mo

40 Days on Market

Highlights

  • 5,028 Sq Ft lot
  • Property is near park and public transit
  • Granite Countertops
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of July 2016

Excellent low vacancy rental area in downtown Long Beach, close to the new Courthouse and one block to Cesar Chavez Park. All seven (7) units are LARGE (appx. 739 Sq.Ft. each) 2 bedrooms 1 bath with upgraded kitchens and baths over the past few years. New cabinets with granite counters, some new entry doors and some interior doors replaced, new flooring (laminate, ceramic tile). Most are very long term tenants = below market rents! There are 4 Garages in front, street access. Expenses: (recurring, insur, utility, permits, mgr) are per owner; Gardener expense shows what owner pays a tenant to take trash cans to front and clean courtyard. (maint, supply, tax) are estimated. There is a laundry room that is presently used as a storage room but could be emptied and used for laundry.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 06/10/2016

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,028 Sq Ft Lot
  • Lot Dimensions are 50 x 101
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • No Driveway
  • Assigned Parking

Home Design

  • Property Attached
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 5,172 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 7 Bathrooms

Additional Features

  • Property is near park and public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 8 / 140
  • Assessor Parcel Number 7278025015

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $410
  • Gardener Expense $1,200
  • Insurance Expense $2,272
  • Maintenance Expense $5,500
  • Professional Management Expense $2,400
  • Supplies Expense $1,000
  • Water Sewer Expense $2,588
  • New Taxes Expense $14,900
  • Gross Income $8,000
  • Net Operating Income $62,314

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,028 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.80
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Supplies Expense: 1000.00
  • View: No
  • Water Sewer Expenses: 2588.00
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7278025015
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 232.02
  • Room Type: Living Room

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Direct Garage Access, No Driveway, Private
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Paved, Park Nearby, Near Public Transit
  • Lot Size: 50 X 101
  • Lot Size Sq Ft: 5028.00
  • Price Per Lot Square Foot: 238.66

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 739
  • Electric Expense: 410.00
  • Gross Income: 8000.00
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 2272.00
  • Maintenance Expense: 5500.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 62314.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 30806.00
  • Operating Expense Percent: 33.00
  • Rent Control: No
  • Total Actual Rent: 8000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14900.00
  • Tax Area: 11934
  • Tax Block: 140
  • Tax Lot: 8
  • Tax Tract Number: 0000
  • Tax Year: 2014

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

Closed on
Feb 6, 2020
Sold by
Bought by
Current Estimated Value
$1,513,000

Purchase Details

Closed on
Aug 5, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2013
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
$288,112
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 10, 2007
Sold by
Bought by

Purchase Details

Closed on
May 24, 2004
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
$444,750
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2002
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
$350,479
Interest Rate
6.74%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2002
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
$248,500
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2000
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
$260,000
Interest Rate
7.87%

Purchase Details

Closed on
Dec 3, 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
$260,000
Interest Rate
7.87%

Purchase Details

Closed on
Dec 22, 1998
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 9, 1997
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
$296,324
Interest Rate
7.57%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 1997
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
$296,324
Interest Rate
7.57%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- California Members Title Co
-- California Members Title Co
-- Accommodation
$576,500 Landwood Title Company
-- Accommodation
$593,000 Old Republic Title
$356,000 American Title Co
$187,000 --
$325,000 Chicago Title
$169,000 Chicago Title Co
$162,000 Benefit Land Title
$156,750 Benefit Land Title Ins Co
$310,000 Commonwealth Title
$152,000 Commonwealth Land Title Co
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
Previous Owner $288,112
Previous Owner $444,750
Previous Owner $350,479
Previous Owner $248,500
Previous Owner $260,000
Previous Owner $184,000
Previous Owner $296,324
Closed $65,000
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
07/01/2016 07/01/16 Sold $1,200,000 -7.3% $232 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $1,295,000 -- $250 / 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 $27,475 $2,049,488 $1,312,373 $737,115
2024 $26,296 $2,009,303 $1,286,641 $722,662
2023 $25,850 $1,969,906 $1,261,413 $708,493
2022 $24,260 $1,931,281 $1,236,680 $694,601
2021 $23,770 $1,893,414 $1,212,432 $680,982
2019 $16,306 $1,248,480 $873,936 $374,544
2018 $15,868 $1,224,000 $856,800 $367,200
2016 $4,040 $263,900 $70,934 $192,966
2015 $3,900 $259,937 $69,869 $190,068
2014 $3,913 $254,846 $68,501 $186,345
Source: Public Records

Agents Affiliated with this Home

  • Mark Kachigan

    Seller's Agent in 2016

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    32 Total Sales

    Mark Kachigan
    Section Image
  • Spencer Pabst

    Buyer's Agent in 2016

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    1 in this area

    50 Total Sales

    Spencer Pabst
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16085173

California Regional Multiple Listing Service (CRMLS)

APN: 7281-006-002

California Los Angeles County Long Beach 90802 East Village

634 E 5th St Unit B, Long Beach, CA

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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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