NOT LISTED FOR SALE

Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,970,000 - $1,986,591

0.17 Acre
$11,637,035 Price per Acre
7,503 Sq Ft Lot

Last Sold August 06, 2018

Last sale price $1,495,000

Est. 38% increase in value since last sale

Current estimated payment $13,394/month

54 Days on Market

Highlights

  • City View
  • 4-minute walk to 5Th Street Station
  • Level Lot
  • Long Beach Polytechnic High School Rated A
  • 0.17 Acre Lot

About This Lot

As of August 2018

437 E 5th Street is a fully entitled 18-unit mixed use development opportunity located on the north side of 5th Street in Downtown Long Beach, CA. This unique development opportunity is positioned on approximately 7,503 square feet of vacant land. 437 East 5th Street is ideally located in the high demand submarket of Downtown Long Beach, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located within walking distance of the beach and Historic Pine Avenue, and convenietly positioned in the center of a broad range of employment and retail options, 437 East 5th Street is surrounded by affluent high-end neighborhoods, boutique bars / restaurants and one of the world's most sought-after master-planned marinas.

Last Agent to Sell the Property

Lonnie McDermott

Marcus & Millichap License #01874375 Listed on: 04/13/2018

Last Buyer's Agent

Paul Cantong

License #01343307

Property Details

Property Type

  • Land

Lot Details

  • 7,503 Sq Ft Lot
  • Level Lot
  • Property is zoned LBPD30

Property Views

  • City Views

Listing and Financial Details

  • Assessor Parcel Number 7281-002-025

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: No
  • Lot Acreage: 0.1700
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Asphalt
  • View: City
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 7281-002-025
  • Geocode Override: No
  • Lot Size Area: 7503
  • Topography: Flat

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2025
Sold by
Hobbis Donna L
Bought by
Hobbis Revocable Living Trust and Hobbis
Current Estimated Value
$2,066,507

Purchase Details

Closed on
Feb 13, 2024
Sold by
Del Living Trust
Bought by
437 5Th Street Llc

Purchase Details

Closed on
Nov 20, 2023
Sold by
Ab Capital Holdings I Llc
Bought by
Ab Capital Llc

Purchase Details

Closed on
Nov 17, 2023
Sold by
Marshack Richard A
Bought by
Del Living Trust and Del Villar

Purchase Details

Listed on
Apr 13, 2018
Closed on
Jun 12, 2018
Sold by
Lobedo Llc
Bought by
Ab Capital Holdings I Llc
Seller's Agent
Lonnie McDermott
Marcus & Millichap
Buyer's Agent
Paul Cantong
List Price
$1,495,000
Sold Price
$1,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.84%

Purchase Details

Listed on
Dec 7, 2016
Closed on
Jan 27, 2017
Sold by
Macoule Antoine
Bought by
Lobedo Llc
Seller's Agent
Libby Sparks
GSPRE
Buyer's Agent
Bradley Petersen
Pay It Forward Realty
List Price
$1,600,000
Sold Price
$950,000
Premium/Discount to List
-$650,000
-40.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.71%
Original Mortgage
$750,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2014
Sold by
Fletcher Paul L and Fletcher Yuen Chu
Bought by
Macoule Antoine

Purchase Details

Closed on
Sep 14, 2007
Sold by
Fletcher Paul L and Fletcher Yuen Chu
Bought by
Fletcher Paul L and Fletcher Yuen Chu

Purchase Details

Closed on
Dec 12, 1995
Sold by
Jones Oleta D
Bought by
Oleta D Jones Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hobbis Revocable Living Trust -- None Listed On Document
437 5Th Street Llc -- None Listed On Document
Ab Capital Llc -- Lawyers Title
Del Living Trust $1,800,000 Lawyers Title Company
Ab Capital Holdings I Llc $1,495,000 Chicago Title Company
Lobedo Llc $950,000 Chicago Title Company
Macoule Antoine $325,000 Ticor Title
Fletcher Paul L -- None Available
Oleta D Jones Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lobedo Llc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2018 08/06/18 Sold $1,495,000 0.0% --
04/13/2018 04/13/18 For Sale $1,495,000 +57.4% --
02/22/2017 02/22/17 Sold $950,000 -40.6% -- View Prior Sale
01/24/2017 01/24/17 Pending -- -- --
12/07/2016 12/07/16 For Sale $1,600,000 -- --
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 $31,187 $1,836,000 $1,836,000 --
2024 $31,187 $2,363,278 $1,629,531 $733,747
2023 $20,196 $1,602,940 $1,597,580 $5,360
2022 $18,938 $1,571,510 $1,566,255 $5,255
2021 $18,602 $1,540,697 $1,535,545 $5,152
2019 $18,339 $1,495,000 $1,490,000 $5,000
2018 $11,769 $967,470 $962,370 $5,100
2017 $4,275 $343,276 $337,997 $5,279
2016 $3,984 $336,546 $331,370 $5,176
2015 $3,822 $331,492 $326,393 $5,099
2014 $2,277 $191,091 $190,310 $781
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lonnie McDermott

    Marcus & Millichap

    Section Image

  • P

    Buyer's Agent in 2018

    Paul Cantong

  • S

    Buyer's Agent in 2018

    Steven Bogoyevac

  • L

    Seller's Agent in 2017

    Libby Sparks

    GSPRE

    (949) 370-8395

    20 Total Sales

    Libby Sparks
    Section Image
  • Bradley Petersen

    Buyer's Agent in 2017

    Bradley Petersen

    Pay It Forward Realty

    (714) 855-8184

    48 Total Sales

    Bradley Petersen
    Section Image
See All Agents

Source: The MLS

MLS Number: 18-349980

The MLS

APN: 7281-002-041

California Los Angeles County Long Beach 90802

East Village

Not Listed for Sale

Lots

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 MLS © 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes