Search
3025 E 5Th St, Long Beach, CA 90814
Image 2 for 3025 E 5Th St, Long Beach, CA 90814
Image 3 for 3025 E 5Th St, Long Beach, CA 90814
View Photos

3025 E 5Th St Long Beach, CA 90814

$5,800,000 Sold Price as of 04/23/2024
  • 30 Beds
  • 20 Baths
  • 14,584 Sq.Ft.
Sold
$5,800,000 Sold Price as of 04/23/2024 Refinance Your Mortgage
Map preview of 3025 E 5Th St, Long Beach, CA 90814

Property Overview: 3025 E 5Th St Long Beach, CA has 30 bedrooms, 20 bathrooms, 14,584 living square feet and 13,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 3025 E. 5th Street is a 20-unit apartment asset located just one block from popular Retro Row in Long Beach, California. The property is comprised of (10) 2BD / 2BA units and (10) 1BD / 1BA units surrounding a landscaped courtyard. Fourteen (14) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers. The ten (10) existing garages offer the opportunity for additional income or for ADU conversion to increase rental income. The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 1 minute ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 123

Home details

Lot Sq. Ft
13,501
HOA Dues
$0/mo
Year built
1961
Garage
10 Car
Property Type:
Mixed Use
Status
Sold
MLS#
PW23222053
City
Long Beach
County
Los Angeles
Time on Site
142 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
  • # of Electric Meters: 20
  • # of Gas Meters: 20
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,202
  • Total Rent: $22,020
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,853
  • Total Rent: $18,530
  • Pro Forma/Market Rent: $2,145
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.29%
  • Gross Rent Multiplier: 12.28
  • Gross Scheduled Income: $488,348
  • Net Operating Income: $317,352
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $156,345
  • Electric: $13,720
  • Gas/Fuel: $0
  • Licenses: $1,800
  • New Taxes: $74,541
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $13,000
  • Maintenance: $14,000
  • Professional Management: $30,885
  • Water/Sewer: $0
  • Other Expenses: $6,000
  • Other Expense Description: Reserves

Property Details for 3025 E 5Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 10
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 20
  • Parcel Number: 7257006031
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: E 7th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3025 E 5Th St

Last sold for $5,800,000 on April 23rd, 2024

  • April, 2024

  • Apr 23, 2024

    Date

    Sold

    CRMLS: PW23222053

    $5,800,000

    Price

  • Dec 7, 2023

    Date

    Active

    CRMLS: PW23222053

    $6,300,000

    Price

  • April, 2017

  • Apr 18, 2017

    Date

    Sold (Public Records)

    Public Records

    $4,900,000

    Price

  • December, 2006

  • Dec 21, 2006

    Date

    Sold (Public Records)

    Public Records

    $2,800,000

    Price

Show More

Tax History for 3025 E 5Th St

Assessed Value (2020): $5,201,319
Year Land Value Improved Value Assessed Value
2020 $2,122,416 $3,078,903 $5,201,319

Home Value Compared to the Market

This property vs the competition

3025 E 5Th St sold on April 23, 2024 for 688.82% higher than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $411.07 per/sqft which puts the price per square foot 35.06% lower than the current median sale per square foot for the city of Long Beach.

About 3025 E 5Th St

Detailed summary of property

3025 E 5Th St is a mixed use that recently sold in Long Beach, CA 90814. This mixed use property offered 30 bedrooms, 20 bathrooms, roughly 14,584 living square feet, and sits on an approximately 13,501 square foot lot. 3025 E 5Th St was first listed on ArdentRealEstateGroup.com on December 8, 2023. The homeowner sold the property for $5,800,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 688.82% higher than the current median priced home. Local homes that are currently for sale include 304 Myrtle St, 2326 Glen Helen Rd and 0-7 Longboat. While the average home in Long Beach, CA is selling in 56 days, 3025 E 5Th St has a days on market of 123 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 3025 E 5Th St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3025 E 5Th St

Public county record property details
Beds
20
Baths
20
Year built
1961
Sq. Ft.
14,584
Lot Size
13,501
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3-4,6
APN
7257-006-031

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$793,676
Median List Price/Sq.Ft.
$615
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$633
Total Inventory
37
Median Sale to List Price %
129.91%
Avg Days on Market
17
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (12.5%), Other (37.5%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 3025 E 5Th St

Nearby Homes for Sale

4117 E 7th St, Long Beach, CA 90804
$5,750,000
29 Beds
20 Baths
12760 Sq.Ft.
4117 E 7th St
Long Beach, CA 90804
1050 Gaviota Ave, Long Beach, CA 90813
$4,675,000
35 Beds
14 Baths
12928 Sq.Ft.
1050 Gaviota Ave
Long Beach, CA 90813
1133 Hoffman Ave, Long Beach, CA 90813
$5,325,000
24 Beds
24 Baths
8722 Sq.Ft.
1133 Hoffman Ave
Long Beach, CA 90813
1221 E 1st St, Long Beach, CA 90802
$6,300,000
7 Beds
16 Baths
8120 Sq.Ft.
1221 E 1st St
Long Beach, CA 90802
12024 Bellflower Blvd, Downey, CA 90242
$6,300,000
23 Beds
16 Baths
13316 Sq.Ft.
12024 Bellflower Blvd
Downey, CA 90242
314 E Pearson Ave, Anaheim, CA 92802
$6,200,000
32 Beds
20 Baths
15600 Sq.Ft.
314 E Pearson Ave
Anaheim, CA 92802
527 N Anna Dr, Anaheim, CA 92805
$5,100,000
20 Beds
16 Baths
10200 Sq.Ft.
527 N Anna Dr
Anaheim, CA 92805
2195 Whittier Blvd, Los Angeles, CA 90023
$4,995,000
9 Beds
16 Baths
15244 Sq.Ft.
2195 Whittier Blvd
Los Angeles, CA 90023
2649 Marengo St, Los Angeles, CA 90033
$5,950,000
52 Beds
32 Baths
29096 Sq.Ft.
2649 Marengo St
Los Angeles, CA 90033
2658 Santa Ana Ave, Costa Mesa, CA 92627
$5,178,000
12 Beds
4 Baths
4800 Sq.Ft.
2658 Santa Ana Ave
Costa Mesa, CA 92627
1210 Magnolia Ave, Los Angeles, CA 90006
$5,425,000
31 Beds
26 Baths
8761 Sq.Ft.
1210 Magnolia Ave
Los Angeles, CA 90006
8 Telescope, Newport Beach, CA 92657
$6,850,000
-- Beds
-- Baths
-- Sq.Ft.
8 Telescope
Newport Beach, CA 92657

Recently Sold Homes Near 3025 E 5Th St

2702 E 4th St, Long Beach, CA 90814
$2,300,000 Last Sold Price
6 Beds
6 Baths
3931 Sq.Ft.
2702 E 4th St
Long Beach, CA 90814
335 Redondo Ave, Long Beach, CA 90814
$1,250,000 Last Sold Price
3 Beds
2 Baths
1524 Sq.Ft.
335 Redondo Ave
Long Beach, CA 90814
2801 E 10th St, Long Beach, CA 90804
$1,050,000 Last Sold Price
6 Beds
4 Baths
3000 Sq.Ft.
2801 E 10th St
Long Beach, CA 90804
254 Redondo Ave, Long Beach, CA 90803
$1,350,000 Last Sold Price
6 Beds
4 Baths
3192 Sq.Ft.
254 Redondo Ave
Long Beach, CA 90803

Related Resources to 3025 E 5Th St

New Listings in 90814
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote