Seller's Agent in 2020
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
152 Total Sales
2515 Olive Ave Long Beach, CA 90806
4
Beds
3
Baths
4,185
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
As of March 20202515 Olive Ave is an 8-unit apartment building located in the desirable Northeast pocket of Long Beach, just a short commute to Long Beach Waterfront, The Queen Mary, and Shoreline Village. This 4,185 SF building was built in 1953 and is situated on a 12,310SF lot. 2513 Olive Ave offers an ideal unit mix consisting of (1) 2-bed/1-bath unit and (7) 1-bed/1-bath units. The building has been well maintained and features a large driveway with 10 parking spots and a detached 2-car garage. The building features on-site laundry and new drought resistance landscaping including new sprinkler system, new grass, and new brick planters. The entire property has undergone the following renovations: new exterior light fixtures/floodlights, four new wall heaters, new seamless gutter and downspouts, new driveway concrete, exterior steps sealed and coated. ALL UNITS ARE FULLY RENOVATED with new vinyl flooring, new paint, upgraded LED electrical finishes, fans in bedroom/ living rooms, new SS stoves, and rebuilt kitchen cabinets. Given the property’s ideal location, strong unit mix, and significant upside in rent potential, 2515 Olive Ave is an excellent investment opportunity for any buyer seeking growth, stability, and a hedge against inflation.
Last Agent to Sell the Property
Lyon Stahl Investment Real Est License #01399621 Listed on: 02/04/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 0.28 Acre Lot
- Two or More Common Walls
- Sprinkler System
Parking
- 8 Open Parking Spaces
- 2 Car Garage
Home Design
- 4,185 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 11 / E
- Tax Tract Number 1
- Assessor Parcel Number 7211006034
Community Details
Overview
- 2 Buildings
- 8 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,145
- Fuel Expense $701
- Gardener Expense $1,920
- Insurance Expense $1,464
- Maintenance Expense $4,240
- Other Expense $159
- Pest Control $380
- Professional Management Expense $6,030
- Trash Expense $903
- Water Sewer Expense $1,152
- New Taxes Expense $22,713
- Operating Expense $40,907
- Gross Income $123,293
- Net Operating Income $76,211
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2020 03/27/20 | Sold | $1,800,000 | +0.1% | $430 / Sq Ft |
| 02/04/2020 02/04/20 | For Sale | $1,798,000 | -- | $430 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $25,404 | $1,950,750 | $1,144,440 | $806,310 |
| 2024 | $25,404 | $1,912,500 | $1,122,000 | $790,500 |
| 2023 | $24,972 | $1,875,000 | $1,100,000 | $775,000 |
| 2022 | $23,651 | $1,855,020 | $721,397 | $1,133,623 |
| 2021 | $23,180 | $1,818,648 | $707,252 | $1,111,396 |
| 2020 | $17,962 | $1,372,026 | $624,240 | $747,786 |
| 2019 | $17,753 | $1,345,160 | $612,000 | $733,160 |
| 2018 | $5,461 | $352,208 | $87,590 | $264,618 |
| 2016 | $5,033 | $336,785 | $84,190 | $252,595 |
| 2015 | $4,855 | $331,727 | $82,926 | $248,801 |
| 2014 | $4,870 | $325,230 | $81,302 | $243,928 |
Source: Public Records
Agents Affiliated with this Home
-
Woody Stahl
-
Stephen Takahashi
Seller Co-Listing Agent in 2020
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
100 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20024630
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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