Leah Dilbeck
Engel & Völkers La Canada
(626) 414-5224
19 Total Sales
1 in Saint Mary's
$650,000 Price
1065 Olive Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,456,646
7
Beds
6
Baths
2,726
Sq Ft
$534/Sq Ft
Est. Value
Highlights
- No HOA
- Home Security System
- Wood Fence
- Long Beach Polytechnic High School Rated A
- Turnkey
- Heating Available
About This Home
As of October 2024Don't miss out on this excellent investment opportunity!!! Compound housing that consists of 3 structures with a total of 5 units that have been completely remodeled and furnished from top to bottom making it comfortable and welcoming stay for all tenants and guests. EVERTHING on the property is new!!! New roof, new flooring, new plumbing, new electric...everything! The property is very safe and secure offering an ADT and camera system, flood lights, and security gates. All units are individually metered for electric, water, gas, and have their own mini-split system for heating and cooling. This property is energy efficient, so the monthly expenses are extremely low! Other amenities include tankless water heaters, electric car chargers, private outdoor patio space, parking, and high-speed Wi-Fi. The 3bed/2bath is currently permitted for Airbnb which is the perfect opportunity for short term rentals with little to no vacancy ratio. Located within walking distance to St. Mary's Hospital where more than 50% of the employees are traveling from out of state. The income is approximately $15,000 a month for short term rentals. This location is within a 15-minute walking distance to popular Long Beach tourist attractions which include the Convention Center, Shoreline Village, Aquarium of the Pacific, Queen Mary, Pine St, beach, restaurants, and much more.
Last Agent to Sell the Property
The RECollective Brokerage Phone: 562-972-9742 License #01852718 Listed on: 07/08/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 6,517 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Front Yard
Parking
- 6 Parking Spaces
Home Design
- Property Attached
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,726 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Home Security System
Kitchen
- Gas Oven
- Dishwasher
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in Kitchen
- Dryer
- Washer
Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 18
- Tax Tract Number 11
- Assessor Parcel Number 7274012019
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 5 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Insurance Expense $8,400
- Trash Expense $2,040
- Water Sewer Expense $4,080
- Security Expense $2,400
- Operating Expense $17,930
- Gross Income $180,000
- Net Operating Income $162,070
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2024
Closed on
Oct 23, 2024
Sold by
Incan Project Development Group Inc
Bought by
Seller's Agent
Melissa Seidel
The RECollective
Buyer's Agent
Rady Math
Ezra Leyton, Broker
List Price
$1,900,000
Sold Price
$1,625,000
Premium/Discount to List
-$275,000
-14.47%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,354
Avg. Annual Appreciation
-5.57%
Original Mortgage
$1,300,000
Outstanding Balance
$1,271,062
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$185,584
Purchase Details
Closed on
Oct 26, 2021
Sold by
Gracie Lee Leblanc Living Trust
Bought by
Incan Project Development Group Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
3.09%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 2018
Sold by
Le Blanc Gracie Lee
Bought by
Gracie Lee Le Blanc Living Trust and Le Blanc
Purchase Details
Closed on
May 12, 2016
Sold by
Anderson Michael
Bought by
Anderson Janice Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.58%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 11, 2016
Sold by
Leblanc Gracie Lee
Bought by
Leblanc Gracie Lee and Anderson Janice Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.58%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 26, 2007
Sold by
Leblanc Gracie Lee and Johnson Gracie Lee
Bought by
Leblanc Gracie Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Saint Mary's, CA
-
Leah Dilbeck
-
Mark Yusupov
Mark Yusupov
Responds QuicklyKeller Williams Beverly Hills
(562) 222-5835
26 Total Sales
1 in Saint Mary's
$555,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
1 in Saint Mary's
$515,000 Price
-
Cyrus Mohseni
Cyrus Mohseni
Responds QuicklyThe Keystone Team
(657) 341-0810
179 Total Sales
1 in Saint Mary's
$535,000 Price
-
Roddy de la Garza
Roddy de la Garza
Epique Realty
(323) 615-1579
115 Total Sales
1 in Saint Mary's
$580,000 Price
-
Kelly Conley
Kelly Conley
eXp Realty of California Inc
(562) 362-4213
15 Total Sales
2 in Saint Mary's
$620K - $661K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,625,000 | Fidelity National Title | ||
| Incan Project Development Group Inc | $518,000 | Fidelity National Title | |
| Gracie Lee Le Blanc Living Trust | -- | Accommodation/Courtesy Recordi | |
| Anderson Janice Marie | -- | Ortc | |
| Leblanc Gracie Lee | -- | Ortc | |
| Leblanc Gracie Lee | -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,300,000 | ||
| Previous Owner | Incan Project Development Grou | $385,000 | |
| Previous Owner | Incan Project Development Grou | $1,000,000 | |
| Previous Owner | Incan Project Development Grou | $65,000 | |
| Previous Owner | Incan Project Development Grou | $250,000 | |
| Previous Owner | Incan Project Development Group Inc | $740,000 | |
| Previous Owner | Anderson Janice Marie | $150,000 | |
| Previous Owner | Leblanc Gracie Lee | $79,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2024 10/28/24 | Sold | $1,625,000 | -3.0% | $596 / Sq Ft |
| 09/22/2024 09/22/24 | Pending | -- | -- | -- |
| 08/22/2024 08/22/24 | Price Changed | $1,675,000 | -6.9% | $614 / Sq Ft |
| 08/01/2024 08/01/24 | Price Changed | $1,799,999 | -2.7% | $660 / Sq Ft |
| 07/31/2024 07/31/24 | Price Changed | $1,850,000 | -2.6% | $679 / Sq Ft |
| 07/08/2024 07/08/24 | For Sale | $1,900,000 | -- | $697 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $21,249 | $1,657,500 | $841,500 | $816,000 |
| 2025 | $21,249 | $1,625,000 | $825,000 | $800,000 |
| 2024 | $12,022 | $920,754 | $598,230 | $322,524 |
| 2023 | $11,824 | $902,700 | $586,500 | $316,200 |
| 2022 | $11,101 | $885,000 | $575,000 | $310,000 |
| 2021 | $1,273 | $67,884 | $25,785 | $42,099 |
| 2020 | $1,267 | $67,189 | $25,521 | $41,668 |
| 2019 | $1,254 | $65,872 | $25,021 | $40,851 |
| 2018 | $1,095 | $64,581 | $24,531 | $40,050 |
| 2016 | $991 | $62,075 | $23,579 | $38,496 |
| 2015 | $960 | $61,143 | $23,225 | $37,918 |
| 2014 | $967 | $59,947 | $22,771 | $37,176 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Seidel
Seller's Agent in 2024
Melissa Seidel
The RECollective
(562) 972-9742
1 in this area
34 Total Sales
-
Rady Math
Buyer's Agent in 2024
Rady Math
Ezra Leyton, Broker
(562) 682-2285
1 in this area
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24138883
APN: 7274-012-019
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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