NOT LISTED FOR SALE

1937 Olive Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,054,000 - $1,120,000

3 Beds
3 Baths
3,464 Sq Ft
$316/Sq Ft Est. Value

Last Sold November 05, 2015

Last sale price $530,000 $153 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $6,440/month

11 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • 2 Car Direct Access Garage
  • Central Heating and Cooling System
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of November 2015

Great Poly High area property. Two houses on 1 lot. 1935 & 1937 OLIVE AVE. Front house has 3 bedroom, 3 bath, attached garage Rear house also has 3 bedroom, 3 bath, attached garage. Easy access to public transportation, Blue Line & freeways. Large lot with alley access. Property being sold in "as is" condition. Rear unit has a tenant Rent is $1550.00 tenant is on a month to month.

Last Agent to Sell the Property

Gary Ricco

Keller Williams Coastal Prop. License #01803395 Listed on: 10/03/2015

Last Buyer's Agent

Somaly Khem

Realty Connection Group License #01264829

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,306 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 3,464 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 7
  • Assessor Parcel Number 7210010027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,306 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Property Type: Residential Income
  • Parcel Number: 7210010027
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Family Room, Gas, Kitchen, Living Room, Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 153.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6306.00
  • Price Per Lot Square Foot: 84.05
  • Lot Size Acres: 0.1450

Multi Family

  • Lot Size Area: 6306.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 16
  • Tax Tract Number: 7-162

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2019
Sold by
Has Lalin
Bought by
Has Lalin and Taing Sun Leang
Current Estimated Value
$1,093,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,629
Outstanding Balance
$585,844
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$508,067

Purchase Details

Closed on
Nov 9, 2016
Sold by
Has Lalin and Hour Mengdy
Bought by
Has Lalin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,785
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 3, 2015
Closed on
Oct 29, 2015
Sold by
Dela Torre Ernesto and De La Torre Joshua
Bought by
Has Lalin and Hour Mengdy
Seller's Agent
Gary Ricco
Keller Williams Coastal Prop.
Buyer's Agent
Somaly Khem
Realty Connection Group
List Price
$499,999
Sold Price
$530,000
Premium/Discount to List
$30,001
6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.27%
Original Mortgage
$424,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2013
Sold by
Bernardino Dela Torre Ernesto and Bernardino De La Torre
Bought by
Delatorre Ernesto and Delatorre Joshua

Purchase Details

Closed on
Jan 26, 2009
Sold by
Dela Torre Ernesto
Bought by
Bernardino Dela Torre Ernesto and Bernardino De La Torre

Purchase Details

Closed on
May 9, 2008
Sold by
Dela Torre Bernardino and Cuccio Anthony A
Bought by
Dela Torre Ernesto

Purchase Details

Closed on
Mar 25, 2008
Sold by
Dela Torre Bernardino
Bought by
Dela Torre Bernardino and Cuccio Anthony A

Purchase Details

Closed on
Oct 1, 2004
Sold by
Cruz Maria A
Bought by
Delatorre Bernardino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2002
Sold by
Delatorre Bernardino
Bought by
Delatorre Bernardino and Cruz Maria A

Purchase Details

Closed on
May 9, 2002
Sold by
Cruz Maria A
Bought by
Delatorre Bernardino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
6.83%

Purchase Details

Closed on
Apr 1, 1995
Sold by
Schwartz Joseph
Bought by
Delatorre Bernardino and Cruz Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,300
Interest Rate
8.47%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Has Lalin -- Orange Coast Title
Has Lalin -- Lawyers Title
Has Lalin $530,000 Ortc
Delatorre Ernesto -- None Available
Bernardino Dela Torre Ernesto -- None Available
Dela Torre Ernesto -- None Available
Dela Torre Bernardino -- None Available
Delatorre Bernardino -- Chicago Title Company
Delatorre Bernardino -- --
Delatorre Bernardino -- Chicago Title Co
Delatorre Bernardino $197,000 First American Title Co
Schwartz Joseph -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Has Lalin $661,629
Closed Has Lalin $510,785
Closed Has Lalin $424,000
Previous Owner Delatorre Bernardino $228,000
Previous Owner Delatorre Bernardino $194,000
Previous Owner Delatorre Bernardino $177,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2015 11/05/15 Sold $530,000 +6.0% $153 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
10/03/2015 10/03/15 For Sale $499,999 -- $144 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,656 $740,219 $309,763 $430,456
2024 $9,656 $725,706 $303,690 $422,016
2023 $9,498 $711,478 $297,736 $413,742
2022 $8,925 $697,529 $291,899 $405,630
2021 $8,739 $683,853 $286,176 $397,677
2020 $8,715 $676,842 $283,242 $393,600
2019 $8,710 $671,369 $262,180 $409,189
2018 $8,396 $658,206 $257,040 $401,166
2016 $6,519 $530,000 $200,000 $330,000
2015 $3,485 $275,309 $107,603 $167,706
2014 $3,470 $269,917 $105,496 $164,421
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Gary Ricco

    Keller Williams Coastal Prop.

  • S

    Buyer's Agent in 2015

    Somaly Khem

    Realty Connection Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15218449

California Regional Multiple Listing Service (CRMLS)

APN: 7210-010-027

California Los Angeles County Long Beach 90806 Sunrise

1937 Olive Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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