NOT LISTED FOR SALE

2007 Olive Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $534,854 - $954,000

4 Beds
4 Baths
1,814 Sq Ft
$449/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2013

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

Est. 229% increase in value since last sale

Current estimated payment $4,768 / mo

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

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

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

Year Built

Built in 1952

Lot Details

5,867 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2012
Closed on
Feb 15, 2013
Sold by
Bought by
Seller's Agent
Diana Vizcarra
Ken Straw, Broker
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$133,300
Sold Price
$247,400
Premium/Discount to List
$114,100
85.6%
Current Estimated Value
$814,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$567,064
Avg. Annual Appreciation
9.34%

Purchase Details

Listed on
Dec 27, 2012
Closed on
Feb 11, 2013
Sold by
Bought by
Seller's Agent
Diana Vizcarra
Ken Straw, Broker
Buyer's Agent
General NONMEMBER
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
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Company
$225,000 Chicago Title Company
$523,000 Fatcola
$190,000 Orange Coast Title
-- Orange Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $392,250
Previous Owner $187,064
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,471 $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

  • G

    Buyer's Agent in 2013

    General NONMEMBER

    NONMEMBER MRML

See All Agents

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

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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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