NOT LISTED FOR SALE

2007 Olive Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $543,011 - $902,000

4 Beds
4 Baths
1,814 Sq Ft
$424/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $247,400 $136 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $4,550/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of January 2013

Short sale. Pre-approved price by lender. Property has four units in sets of two, each sharing a common wall. Two of the units have one bedroom, two are studios. Three of the four units are rented. Wear and tear, in need of repairs. Sold as is.

Last Agent to Sell the Property

Diana Vizcarra

Ken Straw, Broker License #01794263 Listed on: 12/27/2012

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,274

Year Built

  • Built in 1952

Lot Details

  • 5,867

Home Design

  • 1,814 Sq Ft Home
  • Traditional Architecture
  • Stucco

Additional Features

  • 5,867 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 22 / B
  • Assessor Parcel Number 7210007028

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $175
  • Water Sewer Expense $3,600
  • New Taxes Expense $6,805
  • Net Operating Income $15,495

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,274

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.26
  • View: No
  • Water Sewer Expenses: 3600.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7210007028
  • Year Built: 1952
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 136.38

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5867.00
  • Lot Size Acres: 0.1350

Multi Family

  • Gross Multiplier: 9.37
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 175.00
  • Net Operating Income: 15495.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 10905.00

Tax Info

  • New Taxes Expense: 6805.00
  • Tax Area: 5500
  • Tax Block: B
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2012
Closed on
Feb 15, 2013
Sold by
Joannou Andrea
Bought by
Joannou Andrea and Andrea Joannou Trust
Seller's Agent
Diana Vizcarra
Ken Straw, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$133,300
Sold Price
$247,400
Premium/Discount to List
$114,100
85.6%
Current Estimated Value
$769,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$522,353
Avg. Annual Appreciation
9.46%

Purchase Details

Listed on
Dec 27, 2012
Closed on
Feb 11, 2013
Sold by
Alvarado Reyna Elizabeth
Bought by
Alvarado Miguel and Hernandez Miguel Antonio
Seller's Agent
Diana Vizcarra
Ken Straw, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$133,300
Sold Price
$247,400
Premium/Discount to List
$114,100
85.6%

Purchase Details

Closed on
Oct 27, 2005
Sold by
Bonner Charles and Rangel Javier
Bought by
Hernandez Miguel Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,250
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 28, 2000
Sold by
Vazquez Ramon and Vazquez Yolanda
Bought by
Bonner Charles and Rangel Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,064
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 1999
Sold by
Vasquez Ernesto and Ernesto Vasquez Trust
Bought by
Vasquez Ernesto and Ernesto Vasquez Trust
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
Joannou Andrea -- Chicago Title Company
Joannou Andrea -- Chicago Title Company
Alvarado Miguel -- Chicago Title Company
Joannou Andrea $225,000 Chicago Title Company
Hernandez Miguel Antonio $523,000 Fatcola
Bonner Charles $190,000 Orange Coast Title
Vasquez Ernesto -- Orange Coast Title
Vasquez Ernesto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Miguel Antonio $487,500
Previous Owner Hernandez Miguel Antonio $97,500
Previous Owner Hernandez Miguel Antonio $392,250
Previous Owner Bonner Charles $211,200
Previous Owner Bonner Charles $187,063
Previous Owner Bonner Charles $187,064
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2013 01/31/13 Sold $247,400 +85.6% $136 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/27/2012 12/27/12 For Sale $133,300 -- $73 / 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 $4,274 $277,060 $215,493 $61,567
2024 $4,274 $271,628 $211,268 $60,360
2023 $4,191 $266,303 $207,126 $59,177
2022 $3,953 $261,082 $203,065 $58,017
2021 $3,752 $255,964 $199,084 $56,880
2020 $3,742 $253,660 $197,043 $56,617
2019 $3,699 $248,694 $193,180 $55,514
2018 $3,532 $243,825 $189,393 $54,432
2016 $3,257 $234,051 $182,040 $52,011
2015 $3,137 $230,536 $179,306 $51,230
2014 $3,137 $226,021 $175,794 $50,227
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Diana Vizcarra

    Ken Straw, Broker

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    4 in this area

    5,832 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S721299

California Regional Multiple Listing Service (CRMLS)

APN: 7210-007-028

California Los Angeles County Long Beach 90806 Sunrise

2007 Olive Ave, Long Beach, CA

This home is located at 2007 Olive Ave, Long Beach, CA 90806 since 27 December 2012 and is currently estimated at $769,753, approximately $424 per square foot. This property was built in 1952. 2007 Olive Ave is a home located in Los Angeles County with nearby schools including Bobbie Smith Elementary, Nelson Academy, 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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