NOT LISTED FOR SALE

1100 Olive Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,090,000 - $1,174,484

1 Bed
1 Bath
2,979 Sq Ft
$380/Sq Ft Est. Value

Last Sold February 04, 2016

Last sale price $595,000 $200 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,943/month

60 Days on Market

About This Home

As of February 2016

Great Investment Opportunity. Live in one and rent the others. Spanish style Units are clean. Seller willing to deliver as turn-key condition and will repair most if not all any necessary work deemed reasonable by the seller. Located near downtown Long Beach and close to freeway access. This 4-plex has an upside potential to make higher rental income, due to same low rents for 5 years. There's 3 carports available for tenants. Three of the units have an extra room that can be used as a 2nd bedroom. Pls do not disturb tenants. Previous owner spent $40K on upgrading roof, plumbing, and some remodeling. Current owner has also put in a lot of work upgrading this property. Great open lawn space to the side of the building for kids to play and have BBQ. Foundation and structure are in great condition.

Last Agent to Sell the Property

Jason Samia

Beach Cities Properties, Inc. License #01521061 Listed on: 10/02/2015

Last Buyer's Agent

MAURICIO MENDOZA

GOLD MINE GROUP License #01112602

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,301

Year Built

  • Built in 1928

Lot Details

  • 3,776 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Parking Spaces

Interior Spaces

  • 2,979 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 22
  • Tax Tract Number 5763
  • Assessor Parcel Number 7274004013

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $600
  • Water Sewer Expense $1,716
  • Gross Income $4,400
  • Net Operating Income $43,824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,301

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1716.00
  • Property Type: Residential Income
  • Parcel Number: 7274004013
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 199.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3776.00
  • Price Per Lot Square Foot: 157.57
  • Lot Size Acres: 0.0870

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 744
  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 3776.0000 Square Feet
  • Net Operating Income: 43824.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2015
Closed on
Mar 26, 2016
Sold by
Mira Michelle A
Bought by
The David & Michelle Revocable Living Tr
Seller's Agent
Jason Samia
Beach Cities Properties, Inc.
Buyer's Agent
MAURICIO MENDOZA
GOLD MINE GROUP
List Price
$600,000
Sold Price
$595,000
Premium/Discount to List
-$5,000
-0.83%
Current Estimated Value
$1,132,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,121
Avg. Annual Appreciation
6.63%

Purchase Details

Closed on
Nov 2, 2015
Sold by
Samia Hurlbert S
Bought by
Mira Michelle A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2010
Sold by
Samia Maria Lyn
Bought by
Samia Hurlbert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 2010
Sold by
Wong William
Bought by
Samia Hurlbert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 2006
Sold by
Nielson Erik O
Bought by
Wong William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.29%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 15, 2004
Sold by
Charles Philmar and Graham Williams Gertrude E
Bought by
Nielson Erik O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
3.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 2, 2003
Sold by
Andrade Juan P
Bought by
Charles Philmar L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,300
Interest Rate
7.5%

Purchase Details

Closed on
Apr 3, 2001
Sold by
Andrade Elvira Patino
Bought by
Andrade Juan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,060
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 2001
Sold by
Coe Mary Lee
Bought by
Andrade Juan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,060
Interest Rate
7.09%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
The David & Michelle Revocable Living Tr -- None Available
Mira Michelle A $595,000 Provident Title Company
Samia Hurlbert S -- Chicago Title Company
Samia Hurlbert S $360,000 Chicago Title Company
Wong William $750,000 Chicago Title Co
Nielson Erik O $620,000 First American
Charles Philmar L $407,000 Diversified Title & Escrow S
Andrade Juan P -- Lawyers Title Company
Andrade Juan P $211,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mira Michelle A $595,000
Previous Owner Samia Hurlbert S $353,479
Previous Owner Wong William $120,000
Previous Owner Wong William $112,500
Previous Owner Wong William $600,000
Previous Owner Nielson Erik O $500,000
Previous Owner Nielson Erik O $496,000
Previous Owner Nielson Erik O $496,000
Previous Owner Charles Philmar L $366,300
Previous Owner Andrade Juan P $208,060
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2016 02/04/16 Sold $595,000 -0.8% $200 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
10/02/2015 10/02/15 For Sale $600,000 -- $201 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $9,301 $704,353 $497,191 $207,162
2024 $9,301 $690,543 $487,443 $203,100
2023 $9,138 $677,004 $477,886 $199,118
2022 $8,586 $663,730 $468,516 $195,214
2021 $8,400 $650,717 $459,330 $191,387
2019 $8,277 $631,878 $445,707 $186,171
2018 $8,031 $619,498 $436,968 $182,530
2016 $5,041 $392,541 $272,599 $119,942
2015 $4,847 $386,646 $268,505 $118,141
2014 $4,829 $379,073 $263,246 $115,827
Source: Public Records

Agents Affiliated with this Home

  • Jason Samia

    Seller's Agent in 2016

    Jason Samia

    Beach Cities Properties, Inc.

    (562) 508-6170

    7 Total Sales

    Jason Samia
    Section Image

  • M

    Buyer's Agent in 2016

    MAURICIO MENDOZA

    GOLD MINE GROUP

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15216414

California Regional Multiple Listing Service (CRMLS)

APN: 7274-004-013

California Los Angeles County Long Beach 90813 Saint Mary's

1100 Olive Ave, Long Beach, CA

This home is located at 1100 Olive Ave, Long Beach, CA 90813 since 02 October 2015 and is currently estimated at $1,132,121, approximately $380 per square foot. This property was built in 1928. 1100 Olive Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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