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$1,099,000

Beds
4
Baths
2.0
sq ft
1,400

5135 E Eagle St, Long Beach, CA 90815

5135 E Eagle St

Long Beach, CA 90815

  • 166 days on market
    • Price drop $90,000↓
INVESTMENT OPPORTUNITY!!! Or a great chance to own a home and rent out the back unit!!! This is a single family residence that is located close to Cal State Long Beach with a possible ADU in the back of the lot separated from the main house. The possible ADU is in the process of being fully permitted by the city of Long Beach. The main house has been updated with new paint, appliances, flooring, AC and bathrooms. The house was previously used as a rental and can easily get $4500 per month without the additional rent of the possible ADU in the back which will generate a min of $1,500 per month. The neighborhood is super safe and the access to the freeways and the beach is very convenient! This home will not last, come and see it!

Details

Property type

Single Family Residence

Est. home value

$1,040,732

Lot size

6,610 sq ft

Price per sq ft

$785

Year built

1955

Price History

05/01/2024
CRMLS

CRMLS #OC24010601

Price change
$1,099,000
-7.57%
04/16/2024
CRMLS

CRMLS #OC24010601

Price change
$1,189,000
-0.83%
01/17/2024
CRMLS

CRMLS #OC24010601

Listed
$1,199,000

Schools & Community

Neighborhood: 

Los Altos

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

High school district: 

Long Beach Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$646,766
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$364,314
Cash to seller
$646,766

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

August 2017

Original loan amount

$421,850

Est. remaining balance

$364,314

Interest rate

3.96%

Loan type

New Conventional, 30 year

Seller

Michael David Brown

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/01/2024 at 7:50 AM

Listing updated: 06/18/2024 at 4:23 PM

Listed by: Jeff Farley, Seven Gables Real Estate Phone #: (714) 500-3300

MLS: CRMLS #OC24010601

CRMLS logo

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