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1621 E 5Th St, Long Beach, CA 90802
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1621 E 5Th St Long Beach, CA 90802

$2,448,000 Sold Price as of 02/22/2024
  • 16 Beds
  • 16 Baths
  • 1 Sq.Ft.
Sold
$2,448,000 Sold Price as of 02/22/2024 Refinance Your Mortgage
Map preview of 1621 E 5Th St, Long Beach, CA 90802

Property Overview: 1621 E 5Th St Long Beach, CA has 16 bedrooms, 16 bathrooms, 1 living square feet and 6,746 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8-UNIT BUILDING LESS THAN A MILE TO THE OCEAN in Alamitos Beach in Long Beach. You must drive by this 8-unit building of 2 bedrooms, and 2 baths each unit has its own balcony. Gated 12 parking spaces and a Laundry room on ground level with room to improve rents. All 8 units are separately metered for Gas and Electricity. Units each have a comfortable layout with a master suite with an ensuite full bath then a second bedroom and another full bath in the hall. is in a great pocket neighborhood on 5th St. Built in '87 Well-maintain building fully occupied and the owner has invested in remodeled with floors, paint, appliances, etc. Top floor 4 units have cathedral ceilings for a very open feel. Great location minutes from the beach, restaurants, grocery stores, Retro Row on 4th Street (between Cherry and Junipero), close to Cal State Long Beach, Long Beach Community College 710 & 605 freeways, and transportation. You will not find a better return for this condition of building. The building is virtually turn-key with an upside in rental income to boot! THE SELLER IS MOTIVATED AND ENTERTAINING ALL OFFERS!

Listed by Monica Esquivel | BRE #01715564 | West Shores Realty, Inc.
Last checked: 13 minutes ago | Last updated: February 23rd, 2024 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,746
HOA Dues
$0/mo
Year built
1986
Garage
12 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23204691
City
Long Beach
County
Los Angeles
Time on Site
321 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,063
  • Total Rent: $2,063
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,060
  • Total Rent: $2,060
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,008
  • Total Rent: $2,008
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,223
  • Total Rent: $2,223
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,017
  • Total Rent: $2,017
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,085
  • Total Rent: $2,085
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $190,135
  • Net Operating Income: $160,279
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $29,856
  • Trash: $0
  • Insurance: $2,276
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 1621 E 5Th St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7266021025
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Cross Street Waltnut
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1621 E 5Th St

Last sold for $2,448,000 on February 22nd, 2024

  • February, 2024

  • Feb 22, 2024

    Date

    Sold

    CRMLS: PW23204477

    $2,448,000

    Price

  • Nov 3, 2023

    Date

    Active

    CRMLS: PW23204477

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    8-UNIT BUILDING LESS THAN A MILE TO THE OCEAN in Alamitos Beach in Long Beach. You must drive by this 8-unit building of 2 bedrooms, and 2 baths each unit has its own balcony. 12 gated parking spaces and a Laundry room on ground level with room to improve rents. All 8 units are separately metered for gas and electricity. Units each have a comfortable layout with a master suite with an ensuite full bath then a second bedroom and another full bath in the hall. is in a great pocket neighborhood on 5th St. Built in '87 Well-maintain building fully occupied and the owner has invested in remodeled with floors, paint, appliances, etc. Top floor 4 units have cathedral ceilings for a very open feel. Great location minutes from the beach, restaurants, grocery stores, Retro Row on 4th Street (between Cherry and Junipero), close to Cal State Long Beach, Long Beach Community College 710 & 605 freeways, and transportation. You will not find a better return for this condition of building. The building is virtually turn-key with an upside in rental income to boot! THE SELLER IS MOTIVATED AND ENTERTAINING ALL OFFERS!

  • February, 2024

  • Feb 22, 2024

    Date

    Sold

    CRMLS: PW23204691

    $2,448,000

    Price

  • Nov 3, 2023

    Date

    Active

    CRMLS: PW23204691

    $2,500,000

    Price

  • July, 2013

  • Jul 17, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,176,000

    Price

  • April, 2007

  • Apr 11, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,160,000

    Price

Show More

Tax History for 1621 E 5Th St

Assessed Value (2020): $1,318,966
Year Land Value Improved Value Assessed Value
2020 $919,131 $399,835 $1,318,966

Home Value Compared to the Market

This property vs the competition

1621 E 5Th St sold on February 22, 2024 for 205.25% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $2500000 per/sqft which puts the price per square foot 397989.17% higher than the current median sale per square foot for the city of Long Beach.

About 1621 E 5Th St

Detailed summary of property

1621 E 5Th St is a apartment that recently sold in Long Beach, CA 90802. This apartment offered 16 bedrooms, 16 bathrooms, roughly 1 living square feet, and sits on an approximately 6,746 square foot lot. 1621 E 5Th St was first listed on ArdentRealEstateGroup.com on November 4, 2023. The homeowner sold the property for $2,448,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 205.25% higher than the current median priced home. Local homes that are currently for sale include 1700 Pacific Ave, 435 W 11th St and 1102 Termino Ave. While the average home in Long Beach, CA is selling in 62 days, 1621 E 5Th St has a days on market of 21 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1621 E 5Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1621 E 5Th St

Public county record property details
Beds
16
Baths
16
Year built
1986
Sq. Ft.
5,824
Lot Size
6,745
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7266-021-025

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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