Seller's Agent in 2024
Justin White
Justin White
(714) 231-2537
1 in this area
43 Total Sales
1127 Olive Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $395,000
14
Beds
--
Bath
6,308
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- 0.39 Acre Lot
- No HOA
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 5-minute walk to Peace Park
About This Home
As of July 20241127 Olive is a vacant lot which is composed of 6,527 square feet. The land is zoned LBR4R, which provides a multitude of possibilities for development. The property is also positioned between the Atlantic and Martin Luther King Jr. Blocks. These locations may provide additional local services, cultural centers, or points of interest that contribute to the overall appeal and character of the neighborhood. The property's proximity to various forms of public transportation offers residents convenient options for commuting and traveling around the city. This accessibility to public transit can be particularly beneficial for those who prefer not to drive or wish to reduce their reliance on personal vehicles. The property enjoys easy access to several major freeways including the 710, 110, and 405 Freeways; providing convenient routes for those commuting to other parts of Long Beach or even to neighboring cities within the greater Los Angeles area. This accessibility to major roadways enhances the property's connectivity and makes it more convenient for residents who need to travel by car.
Overall, the subject property's location in the historic Cambodia Town neighborhood of Long Beach offers a combination of convenience, walkability, access to amenities and transportation options, making it an appealing area for residents and a potentially desirable investment opportunity.
Last Agent to Sell the Property
Justin White Brokerage Email: thesbgbp@gmail.com License #01267826 Listed on: 11/22/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 0.39 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 14 Bedrooms
- 6,308 Sq Ft Home
- 1-Story Property
- Laundry Room
Parking
- Parking Available
- Shared Driveway
- Uncovered Parking
- Parking Lot
Location
- Urban Location
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Amenities
- Laundry Facilities
Building Details
- Insurance Expense $1
- Trash Expense $1
- Operating Expense $59,580
- Gross Income $122,172
- Net Operating Income $58,927
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 6, 2025
Sold by
Stuart Francine
Bought by
Ramos Real Estate Group Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Outstanding Balance
$461,771
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$66,771
Purchase Details
Closed on
Dec 19, 2022
Sold by
Lewis William Charles
Bought by
Stuart Francine
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramos Real Estate Group Inc | $400,000 | Ticor Title Company | |
| Stuart Francine | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramos Real Estate Group Inc | $465,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $1,500,000 | -31.8% | $238 / Sq Ft |
| 11/22/2023 11/22/23 | For Sale | $2,200,000 | -- | $349 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,846 | $395,086 | $395,086 | -- |
| 2024 | $4,846 | $387,340 | $387,340 | -- |
| 2023 | $1,452 | $13,287 | $13,287 | $0 |
| 2022 | $197 | $13,027 | $13,027 | $0 |
| 2021 | $194 | $12,772 | $12,772 | $0 |
| 2020 | $193 | $12,642 | $12,642 | $0 |
| 2019 | $192 | $12,395 | $12,395 | $0 |
| 2018 | $162 | $12,152 | $12,152 | $0 |
| 2016 | $150 | $11,681 | $11,681 | $0 |
| 2015 | $145 | $11,506 | $11,506 | $0 |
| 2014 | $147 | $11,281 | $11,281 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Justin White
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
1 in this area
6,208 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23215566
APN: 7274-003-018
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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