NOT LISTED FOR SALE

1403 Olive Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,395,000 - $1,821,000

10 Beds
7 Baths
6,022 Sq Ft
$264/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $1,425,000 $237 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,293/month

8 Days on Market

Highlights

  • Wood Flooring
  • Built-In Features
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Living Room
  • 4-minute walk to Peace Park

About This Home

As of November 2021

This is a wonderful investment property. Currently the owner lives in the largest unit (3 bed, 3 bath and 2130 sq feet). The other 3 units are rented. All tenants are current on rent. 4 units total, 3 garage spaces. Located in Long Beach, ideally close to the beach, Poly High School, LBCC, downtown LB and public transport. This property is full of potential!

Last Agent to Sell the Property

Costanza Genoese Zerbi

eXp Realty of Greater Los Angeles License #01941438 Listed on: 09/08/2021

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Jack Tanner

Beach Cities Properties, Inc. License #01383525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,503

Year Built

  • Built in 1929

Lot Details

  • 6,532 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 6,022 Sq Ft Home
  • Built-In Features
  • Family Room with Fireplace
  • Living Room
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 8 / B
  • Tax Tract Number 5523
  • Assessor Parcel Number 7268011017
  • $993 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Poly High Subdivision

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $840
  • Insurance Expense $1,100
  • Professional Management Expense $2,844
  • Trash Expense $800
  • Water Sewer Expense $180
  • Operating Expense $1,940
  • Net Operating Income $5,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,503

Year Built

Built in 1929

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 335000
  • Professional Management Expense: 2844.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Water Sewer Expenses: 180.00
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7268011017
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Fireplace Features: Family Room
  • Price Per Square Foot: 236.63
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6532.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1130 Square Feet
  • Average3 Bed Area: 1646 Square Feet
  • Gross Scheduled Income: 60684.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6532.0000 Square Feet
  • Net Operating Income: 5744.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 1940.00
  • Rent Control: No
  • Total Actual Rent: 5057.00
  • Total Expenses: 1940.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5753.00
  • Tax Lot: 8
  • Tax Tract Number: 5523
  • TaxOtherAnnualAssessmentAmount: 993.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Sep 18, 2021
Sold by
Chaney Maxine and The Maxine Chancy 2015 Living
Bought by
Kamon Nicholas A
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Jack Tanner
Beach Cities Properties, Inc.
List Price
$1,340,000
Sold Price
$1,425,000
Premium/Discount to List
$85,000
6.34%
Current Estimated Value
$1,590,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,738
Avg. Annual Appreciation
3.00%
Original Mortgage
$1,054,500
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2015
Sold by
Chaney Maxine and The Chaney Family Trust
Bought by
The Maxine Chaney 2015 Living Trust

Purchase Details

Closed on
Jun 5, 2013
Sold by
Chaney Maxine
Bought by
Chaney Maxine and The Chaney Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,400
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2007
Sold by
Chaney Maxine
Bought by
Chaney Maxine and The Chaney Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2007
Sold by
Chaney Maxine and The Chaney Family Trust
Bought by
Chaney Maxine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2003
Sold by
Chaney Joe and Chaney Maxine
Bought by
Chaney Joe and Chaney Maxine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 27, 2001
Sold by
Chaney Joe and Chaney Maxine
Bought by
Chaney Joe and Chaney Maxine

Purchase Details

Closed on
Jan 25, 2001
Sold by
Family Trust Chaney Joe And Maxine Trs Chaney
Bought by
Chaney Joe and Chaney Maxine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
6.98%
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
Kamon Nicholas A $1,425,000 Fidelity Natl Ttl Co Long Be
The Maxine Chaney 2015 Living Trust -- None Available
Chaney Maxine -- None Available
Chaney Maxine -- None Available
Chaney Maxine -- None Available
Chaney Maxine -- Fidelity Long Beach
Chaney Joe -- --
Chaney Joe -- Alliance Title Company
Chaney Joe -- --
Chaney Joe -- American Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kamon Nicholas A $1,054,500
Previous Owner Chaney Maxine $685,400
Previous Owner Chaney Maxine $730,000
Previous Owner Chaney Joe $322,700
Previous Owner Chaney Joe $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $1,425,000 +6.3% $237 / Sq Ft
09/16/2021 09/16/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $1,340,000 -- $223 / 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 $19,503 $1,512,220 $636,724 $875,496
2024 $19,503 $1,482,570 $624,240 $858,330
2023 $19,180 $1,453,500 $612,000 $841,500
2022 $18,011 $1,425,000 $600,000 $825,000
2021 $2,168 $98,148 $24,729 $73,419
2020 $2,159 $97,143 $24,476 $72,667
2019 $2,138 $95,240 $23,997 $71,243
2018 $1,963 $93,374 $23,527 $69,847
2017 $55 $91,544 $23,066 $68,478
2016 $1,769 $89,750 $22,614 $67,136
2015 $1,718 $88,403 $22,275 $66,128
2014 -- $86,672 $21,839 $64,833
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Costanza Genoese Zerbi

    eXp Realty of Greater Los Angeles

    (562) 221-4527

    3 in this area

    368 Total Sales

    Section Image
  • Jack Tanner

    Buyer's Agent in 2021

    Jack Tanner

    Beach Cities Properties, Inc.

    (714) 209-5225

    2 in this area

    54 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21198429

California Regional Multiple Listing Service (CRMLS)

APN: 7268-011-017

California Los Angeles County Long Beach 90813 Central

1403 Olive Ave, Long Beach, CA

This home is located at 1403 Olive Ave, Long Beach, CA 90813 since 08 September 2021 and is currently estimated at $1,590,738, approximately $264 per square foot. This property was built in 1929. 1403 Olive Ave is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Washington 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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