5729 California Avenue is a seven-unit property located in North Long Beach. The property is comprised of six (6) studio units and a detached, remodeled 2BD/1BA house. The house was completely renovated as of 2022. The property is priced at 11.96 x gross and 5.18 cap rate on current rents. A new owner has the opportunity to increase rents and achieve 10.60 x gross and 6.17% cap rate. Additional income generating opportunities for a new owner include renting out storage spaces and surface parking spots on the property. Each building has its own electric meter, and a new owner could implement RUBS to further bring down operating expenditures.
Sold for $1,450,000
Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740
Bought with: NONMEMBER MRML
$1,450,000
5729 California Ave, Long Beach, CA 90805
2beds
7baths
2,985sqft
Mixed Use
Built in 1928
-- sqft lot
$-- Zestimate®
$486/sqft
$3,571 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,571/mo
Zestimate® history
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$9,382/mo
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Zillow last checked:
Listing updated:
Listed by:
Robert Stepp DRE #01456379 310-463-2916,
Keller Williams - Santa Monica,
Co-Listing Agent: John Alden DRE #02114291,
Alden Pacific Investments, Inc.
Bought with:
Edward Sanchez, DRE #01452110
NONMEMBER MRML
Source: CRMLS,MLS#: PW23047866
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 7
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,985
- Total interior livable area: 2,985 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Pool features: None
Lot
- Size: 5,566 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 7127003017
- Zoning: LBCNR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: North Long Beach (Nlb)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $486/sqft
- Tax assessed value: $1,479,000
- Annual tax amount: $20,089
- Date on market: 3/23/2023
- Cumulative days on market: 97 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2023 | Sold | $1,450,000+65.7%$486/sqft |
Source:  CRMLS #PW23047866 Report a problem | ||
| 10/11/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 9/19/2022 | Listed for rent | $2,295+76.7%$1/sqft |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 6/17/2020 | Listing removed | $1,299 |
Source: Borba Property Group Report a problem | ||
| 6/11/2020 | Price change | $1,299-2% |
Source: Borba Property Group Report a problem | ||
| 4/11/2020 | Listed for rent | $1,325 |
Source: Borba Property Group Report a problem | ||
| 8/30/2017 | Sold | $875,000+37.8%$293/sqft |
Source: Public Record Report a problem | ||
| 5/14/2015 | Sold | $635,000$213/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,089 +4.6% | $1,479,000 +2% |
| 2024 | $19,204 +46.7% | $1,450,000 +51.5% |
| 2023 | $13,089 +6.4% | $956,827 +2% |
| 2022 | $12,297 +2.2% | $938,066 +2% |
| 2021 | $12,036 +0.3% | $919,674 +1% |
| 2020 | $12,005 | $910,245 +2% |
| 2019 | $12,005 +4.1% | $892,398 +2% |
| 2018 | $11,533 | $874,900 +33% |
| 2017 | $11,533 +28.6% | $657,576 +2% |
| 2016 | $8,971 +7.4% | $644,683 +231.7% |
| 2015 | $8,356 +170% | $194,342 +2% |
| 2014 | $3,095 | $190,536 +5.3% |
| 2010 | -- | $180,952 -0.2% |
| 2009 | -- | $181,383 +2% |
| 2008 | -- | $177,828 +4% |
| 2006 | -- | $170,925 |
| 2005 | -- | $170,925 +4% |
| 2004 | -- | $164,289 +3.9% |
| 2002 | -- | $158,118 +4% |
| 2000 | -- | $151,980 |
Find assessor info on the county website
Neighborhood: North Long Beach
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Nearby schools
GreatSchools rating
- 6/10Harte Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Lindbergh Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Jordan High SchoolGrades: 9-12Distance: 0.9 mi
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