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1721 E 5Th St Long Beach, CA 90802

$700,000 Sold Price as of 03/29/2023

4 Beds
3 Baths
1,522 Sq.Ft.

Sold

$700,000 Sold Price as of 03/29/2023 Refinance Your Mortgage

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Map preview of 1721 E 5Th St, Long Beach, CA 90802

Property Overview: 1721 E 5Th St Long Beach, CA has 4 bedrooms, 3 bathrooms, 1,522 living square feet and 5,132 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1721-1723 E. 5th Street is comprised of two (2) houses on a 5,132 square foot lot. 1721 offers three (3) bedrooms and two (2) bathrooms with a den and in-unit washer/dryer. Two (2) single-car garages also have space for two (2) additional uncovered parking spaces in front of the garage doors. Upgrades include new windows, new exterior paint, a newer remodeled kitchen with newer cabinets, granite counter tops, tile backsplash, new Life-Proof locking flooring and stainless steel appliances. 1723 offers one (1) bedroom and one (1) bathroom. Upgrades include new windows and new exterior paint.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Co-listed by Larry Bustamante | BRE #00762602 | Keller Williams - Santa Monica

Last checked: 8 minutes ago | Last updated: September 8th, 2024 | Source CRMLS | DOM: 4

Home details

Lot Sq. Ft: 5,132
HOA Dues: $0/mo
Year built: 1936
Garage: 2 Car
Property Type:: Duplex

Status: Sold
MLS#: PW23027846
City: Long Beach
County: Los Angeles
Time on Site: 579 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 3
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,475
Total Rent: $2,475
Pro Forma/Market Rent: $2,500

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,550
Total Rent: $1,550
Pro Forma/Market Rent: $1,750

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $50,700
Net Operating Income: $30,858
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $17,307
Electric: $0
Gas/Fuel: $0
Licenses: $700
New Taxes: $9,338
Trash: $0
Gardener: $600
Insurance: $761
Maintenance: $1,100
Professional Management: $2,408
Water/Sewer: $1,500
Other Expenses: $400
Other Expense Description: Reserves

Property Details for 1721 E 5Th St

Interior Features

Laundry Information

Has Laundry
Stackable

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 4

Lot Information

Lot Features: 2-5 Units/Acre
Lot Size Source: Assessor
Common Interest: Community Apartment

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7266021009
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Alamitos Beach (AB)
Directions: Rose Ave & E 5th St

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 1721 E 5Th St

Last sold for $700,000 on March 29th, 2023

September, 2024
Sep 8, 2024

Date

Expired

CRMLS: PW24126800

$949,000

Price
Jun 20, 2024

Date

Active

CRMLS: PW24126800

$975,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a 2-unit multifamily property located just blocks away from the highly desirable and vibrant Alamitos Beach area. The subject property, built in 1936, consists of 1,522 rentable square feet spread throughout a 5,132 square-foot lot. The building consists of a 3 Bedroom/2-Bathroom front house and one 1-Bedroom / 1-Bathroom unit. The property underwent full interior upgrades including new vinyl flooring, interior paint, updated appliances, shaker cabinets, and granite countertops. Located blocks from the 4th Street Corridor, commonly referred to as Retro Row, and Alamitos Beach, tenants enjoy living a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters, and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

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March, 2023
Mar 29, 2023

Date

Sold

CRMLS: PW23027846

$700,000

Price
Feb 18, 2023

Date

Active

CRMLS: PW23027846

$700,000

Price
August, 1995
Aug 11, 1995

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1721 E 5Th St

Assessed Value (2020): $428,239

Year	Land Value	Improved Value	Assessed Value
2020	$331,380	$96,859	$428,239

Home Value Compared to the Market

This property vs the competition

1721 E 5Th St sold on March 29, 2023 for 14.53% lower 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 $459.92 per/sqft which puts the price per square foot 26.76% lower than the current median sale per square foot for the city of Long Beach.

About 1721 E 5Th St

Detailed summary of property

1721 E 5Th St is a duplex that recently sold in Long Beach, CA 90802. This duplex offered 4 bedrooms, 3 bathrooms, roughly 1,522 living square feet, and sits on an approximately 5,132 square foot lot. 1721 E 5Th St was first listed on ArdentRealEstateGroup.com on February 18, 2023. The homeowner sold the property for $700,000. 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 14.53% lower than the current median priced home. Local homes that are currently for sale include 10501 Weigand Ave, 1826 E 107th St and 2015 E 105th St. While the average home in Long Beach, CA is selling in 62 days, 1721 E 5Th St has a days on market of 4 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 1721 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 1721 E 5Th St

Public county record property details

Beds: 3
Baths: 2
Year built: 1936
Sq. Ft.: 1,522
Lot Size: 5,132
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7266-021-009

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

Loan Type

Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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(714) 706-1823

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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.