NOT LISTED FOR SALE

2134 Olive Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $695,000 - $945,000

4 Beds
2 Baths
1,606 Sq Ft
$504/Sq Ft Est. Value

Last Sold March 19, 2013

Last sale price $362,000 $225 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,739/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Heating System Uses Natural Gas
  • Long Beach Polytechnic High School Rated A

About This Home

As of March 2013

This duplex located in beautiful Long Beach area.The front unit has 3 bedrooms,1 bath,large living room and dining area.There is laminate floor installed through living and dining area with carpet in the bedroom and new tile in kitchen and bathroom.The kitchen features white cabinets and granite counter-tops.Bathroom was also upgraded with customized shower tile and fixtures.Back unit features 1 bedroom,1 bath, a living room,dining area,private laundry and long galley kitchen.kitchen has beautiful dark cabinets,newer granite counter with a bar top looking to the living room and front door.Bathroom upgraded with custom shower tiling and fixtures.There is a storage room that attached to the rear unit (property to be sold in "AS IS" condition) buyer to verify all.

Last Agent to Sell the Property

Daniel Kor

TM Real Estate Brokers License #00916018 Listed on: 02/05/2013

Last Buyer's Agent

Darachan Ly

Coldwell Banker Envision License #01358058

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,255 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • 1,606 Sq Ft Home
  • Traditional Architecture
  • Shingle Roof
  • Stucco

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 10 / 1
  • Assessor Parcel Number 7210003011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Water Sewer Expense $70
  • New Taxes Expense $2,136
  • Gross Income $1,150
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.72
  • View: No
  • Water Sewer Expenses: 70.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7210003011
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Carpet, Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 225.40

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5255.00
  • Lot Size Acres: 0.1210

Multi Family

  • Gross Income: 1150.00
  • Gross Multiplier: 24.57
  • Gross Scheduled Income: 13800.00
  • Insurance Expense: 500.00
  • Lot Size Area: 5255.0000 Square Feet
  • Net Operating Income: 12600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1200.00

Tax Info

  • New Taxes Expense: 2136.00
  • Tax Area: 5500
  • Tax Block: 1
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2013
Closed on
Mar 14, 2013
Sold by
So Ratanak
Bought by
Hin Sovanmony and Hin Milly Ung Sodila
Seller's Agent
Daniel Kor
TM Real Estate Brokers
Buyer's Agent
Darachan Ly
Coldwell Banker Envision
List Price
$339,000
Sold Price
$362,000
Premium/Discount to List
$23,000
6.78%
Current Estimated Value
$810,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,085
Avg. Annual Appreciation
6.51%
Original Mortgage
$289,600
Outstanding Balance
$204,270
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$605,815

Purchase Details

Listed on
Feb 5, 2013
Closed on
Mar 9, 2013
Sold by
So Ratanak and Kor Sophany
Bought by
So Ratanak
Seller's Agent
Daniel Kor
TM Real Estate Brokers
Buyer's Agent
Darachan Ly
Coldwell Banker Envision
List Price
$339,000
Sold Price
$362,000
Premium/Discount to List
$23,000
6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Outstanding Balance
$204,270
Interest Rate
3.53%
Mortgage Type
New Conventional
Estimated Equity
$605,815

Purchase Details

Closed on
Sep 19, 2011
Sold by
Riverhawk Property Management Llc
Bought by
So Ratanak and Kor Sophany

Purchase Details

Closed on
Apr 14, 2011
Sold by
Corona Jorge H
Bought by
Riverhawk Property Management Llc

Purchase Details

Closed on
Mar 29, 2005
Sold by
Corona Jorge H and Lopez Jorge H
Bought by
Corona Jorge H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 29, 2004
Sold by
Lopez Reyna C
Bought by
Lopez Jorge H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
8.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2003
Sold by
Corona Jorge H
Bought by
Corona Jorge H and Lopez Reyna C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,450
Interest Rate
5.83%

Purchase Details

Closed on
Apr 17, 2001
Sold by
Corona Reyna L and Corona Lucresia
Bought by
Corona Jorge H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
7.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hin Sovanmony $362,000 Chicago Title Company
So Ratanak -- None Available
So Ratanak $290,000 Fidelity National Title Co
Riverhawk Property Management Llc -- Fidelity National Title Co
Corona Jorge H -- Orange Coast Title Company
Lopez Jorge H -- Fidelity National Title Co
Corona Jorge H -- Ticor
Corona Jorge H -- Benefit Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hin Sovanmony $289,600
Previous Owner Corona Jorge H $337,500
Previous Owner Lopez Jorge H $272,000
Previous Owner Corona Jorge H $201,450
Previous Owner Corona Jorge H $158,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2013 03/19/13 Sold $362,000 +6.8% $225 / Sq Ft
02/05/2013 02/05/13 Pending -- -- --
01/27/2013 01/27/13 For Sale $339,000 -- $211 / 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 $5,932 $445,765 $221,651 $224,114
2024 $5,932 $437,025 $217,305 $219,720
2023 $5,833 $428,457 $213,045 $215,412
2022 $5,484 $420,057 $208,868 $211,189
2021 $5,371 $411,822 $204,773 $207,049
2020 $5,357 $407,600 $202,674 $204,926
2019 $5,296 $399,608 $198,700 $200,908
2018 $5,069 $391,773 $194,804 $196,969
2016 $4,662 $376,562 $187,241 $189,321
2015 $4,477 $370,907 $184,429 $186,478
2014 $4,452 $363,643 $180,817 $182,826
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Daniel Kor

    TM Real Estate Brokers

  • Darachan Ly

    Buyer's Agent in 2013

    Darachan Ly

    Coldwell Banker Envision

    (562) 860-2625

    31 Total Sales

    Darachan Ly
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P846971

California Regional Multiple Listing Service (CRMLS)

APN: 7210-003-011

California Los Angeles County Long Beach 90806 Sunrise

2134 Olive Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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