NOT LISTED FOR SALE

701 E 5th St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,060,000 - $1,584,000

4 Beds
4 Baths
3,649 Sq Ft
$369/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $820,000 $225 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,096/month

41 Days on Market

About This Home

As of May 2016

Craftman Style 4plex available! Two large 3 bed, 1.5 baths and 2 Studios with 1 bath each. All units were upgraded in 2008. 2 car garage. New exterior paint. Standard Sale. Perfect opportunity for owner occupy. Opportunity to raise rents! Very close to downtown and beach. Property sold in 2006 at $885,000 (per title). DO NOT DISTURB TENANTS!! TENANTS ARE UNAWARE OF SALE!!

Last Agent to Sell the Property

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961 Listed on: 03/30/2016

Co-Listed By

Michael McHugh

CB Richard Ellis, Inc. License #01966130

Last Buyer's Agent

Travis Lebouf

License #01938822

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 4,596 Sq Ft Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 3,649 Sq Ft Home
  • 2-Story Property

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7281-003-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3649
  • Stories: 2
  • Year Built: 1909
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 224.72

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Lot Info

  • Assessor Parcel Number: 7281-003-015
  • Geocode Override: No
  • Lot Size Area: 4596

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.85
  • Number Of Units: 4
  • Type Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2020
Sold by
Akbar Fahd
Bought by
Akbar Fahd and The Fahd Abid Akbar Revocable
Current Estimated Value
$1,348,118

Purchase Details

Listed on
Mar 30, 2016
Closed on
Apr 20, 2016
Sold by
Simkins Julie M
Bought by
Simkins Donald C
Seller's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
Buyer's Agent
Travis Lebouf
List Price
$820,000
Sold Price
$820,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$599,250
Outstanding Balance
$474,499
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$873,619

Purchase Details

Listed on
Mar 30, 2016
Closed on
Apr 19, 2016
Sold by
Mchugh Rich
Bought by
Akbar Fahd
Seller's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
Buyer's Agent
Travis Lebouf
List Price
$820,000
Sold Price
$820,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,250
Outstanding Balance
$474,499
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$873,619

Purchase Details

Closed on
Oct 31, 2008
Sold by
Mchugh Rich E
Bought by
Mchugh Rich and Mchugh Theresa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2008
Sold by
Mchugh Theresa Dianne
Bought by
Mchugh Rich E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Mchugh Rich E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2008
Sold by
Young Anthony
Bought by
Hsbc Bank Usa Na and Mortgage Pass Through Certificates Serie

Purchase Details

Closed on
Jun 2, 2006
Sold by
Michino Kenji
Bought by
Young Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 20, 2004
Sold by
Throgmorton Jeffory L
Bought by
Michino Kenji

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 1999
Sold by
Throgmorton Donna M
Bought by
Throgmorton Jeffory L and Throgmorton Domma M

Purchase Details

Closed on
May 11, 1998
Sold by
Throgmorton Jeffory L
Bought by
Throgmorton Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,250
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1995
Sold by
Throgmorton Wilma
Bought by
Throgmorton Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,600
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Denudt Donna M and Throgmorton Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,600
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 1995
Sold by
Harding Howard L and Empire Of America Realty Credi
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Akbar Fahd -- None Available
Simkins Donald C -- Lawyers Title Company
Akbar Fahd $820,000 Lawyers Title Company
Mchugh Rich -- Lawyers Title
Mchugh Rich E -- California Title Company
Mchugh Rich E $452,000 California Title Company
Hsbc Bank Usa Na $770,336 None Available
Young Anthony $885,000 Gateway Title Company
Michino Kenji $755,000 Gateway Title Company
Throgmorton Jeffory L -- --
Throgmorton Donna M -- Benefit Land Title
Throgmorton Stanley -- First American Title Co
Denudt Donna M $106,000 First American Title Co
Federal Home Loan Mortgage Corporation $95,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akbar Fahd $599,250
Previous Owner Mchugh Rich E $339,000
Previous Owner Young Anthony $692,000
Previous Owner Michino Kenji $604,000
Previous Owner Throgmorton Donna M $167,250
Previous Owner Denudt Donna M $146,600
Closed Michino Kenji $75,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $820,000 0.0% $225 / Sq Ft
05/10/2016 05/10/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $820,000 0.0% $225 / Sq Ft
02/23/2013 02/23/13 Rented $1,500 -11.8% --
02/23/2013 02/23/13 Under Contract -- -- --
05/16/2012 05/16/12 For Rent $1,700 -- --
Source: The MLS

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 $12,652 $970,708 $651,086 $319,622
2024 $12,652 $951,675 $638,320 $313,355
2023 $12,437 $933,015 $625,804 $307,211
2022 $11,679 $914,722 $613,534 $301,188
2021 $11,438 $896,787 $601,504 $295,283
2019 $11,275 $870,510 $583,664 $286,846
2018 $10,959 $853,448 $572,220 $281,228
2016 $6,282 $491,690 $315,465 $176,225
2015 $6,038 $484,305 $310,727 $173,578
2014 $6,012 $474,819 $304,641 $170,178
Source: Public Records

Agents Affiliated with this Home

  • Daniel Blackwell

    Seller's Agent in 2016

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    51 Total Sales

    Daniel Blackwell
    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Michael McHugh

    CB Richard Ellis, Inc.

  • T

    Buyer's Agent in 2016

    Travis Lebouf

  • R

    Seller's Agent in 2013

    Rich McHugh

    Realty One Group West

    Section Image
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Map

Source: The MLS

MLS Number: 16-110680

The MLS

APN: 7281-003-015

California Los Angeles County Long Beach 90802 East Village

701 E 5th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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