Seller's Agent in 2019
Shelley Hanks
Access Coastal Realty
(562) 212-6886
1 in this area
57 Total Sales
2341 Olive Ave Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $974,000 - $1,050,127
4
Beds
4
Baths
2,380
Sq Ft
$429/Sq Ft
Est. Value
Highlights
- Gated Parking
- Laundry Room
- Back Yard
- Long Beach Polytechnic High School Rated A
- Wall Furnace
- 4-minute walk to NAACP Freedom Park
About This Home
As of January 2019Welcome to this great Investment opportunity. This building is comprised of four 1 bedroom, 1 bath apartments. The building is located on a large lot with a lot. The property has a gate at the back. There is access to three carports and a storage unit (currently used by the owner for storage). The roof was installed about 10 years ago. Each unit has it's own meter. Each unit has it's own water heater (two new as of 2017). Three of units have carpeted floors, one has hardwood.
Last Agent to Sell the Property
Access Coastal Realty License #01426415 Listed on: 10/28/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1927
Lot Details
- 6,634 Sq Ft Lot
- 1 Common Wall
- Back Yard
Home Design
- 2,380 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Carport
Parking
- 3 Parking Spaces
- 3 Carport Spaces
- Parking Available
- Gated Parking
Additional Features
- Gas Cooktop
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities, electricity
- Tax Lot 14
- Tax Tract Number 3395
- Assessor Parcel Number 7211009016
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Trash Expense $1,440
- New Taxes Expense $1
- Operating Expense $2,140
- Gross Income $28,800
- Net Operating Income $28,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2018
Closed on
Dec 3, 2018
Sold by
Foster Vary N and The Foster Living Trust
Bought by
Lo Huok and Perles Elishea
Seller's Agent
Shelley Hanks
Access Coastal Realty
Buyer's Agent
Shelley Hanks
Access Coastal Realty
List Price
$725,000
Sold Price
$720,000
Premium/Discount to List
-$5,000
-0.69%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,282
Avg. Annual Appreciation
5.03%
Original Mortgage
$504,000
Outstanding Balance
$450,040
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$571,242
Purchase Details
Closed on
Aug 4, 2016
Sold by
Foster Leon D
Bought by
Foster Leon D and Foster Vary N
Purchase Details
Closed on
Mar 9, 2001
Sold by
Foster Leon D
Bought by
Foster Leon Dewey and The Leon Seniors Family Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lo Huok | $720,000 | Chicago Title Company | |
| Foster Leon D | -- | None Available | |
| Foster Leon D | -- | None Available | |
| Foster Leon Dewey | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lo Huok | $504,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2019 01/02/19 | Sold | $720,000 | -0.7% | $303 / Sq Ft |
| 11/12/2018 11/12/18 | Pending | -- | -- | -- |
| 10/28/2018 10/28/18 | For Sale | $725,000 | -- | $305 / 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 | $10,582 | $803,169 | $446,205 | $356,964 |
| 2024 | $10,582 | $787,421 | $437,456 | $349,965 |
| 2023 | $10,401 | $771,982 | $428,879 | $343,103 |
| 2022 | $9,770 | $756,846 | $420,470 | $336,376 |
| 2021 | $9,569 | $742,007 | $412,226 | $329,781 |
| 2019 | $1,528 | $67,099 | $30,605 | $36,494 |
| 2018 | $1,421 | $65,792 | $30,005 | $35,787 |
| 2016 | $1,308 | $62,855 | $28,841 | $34,014 |
| 2015 | $1,271 | $61,912 | $28,408 | $33,504 |
| 2014 | $1,289 | $60,700 | $27,852 | $32,848 |
Source: Public Records
Agents Affiliated with this Home
-
Shelley Hanks
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18260927
APN: 7211-009-016
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.
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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