NOT LISTED FOR SALE

Estimated Value: $1,446,007 - $1,663,000

3 Beds
2 Baths
1,501 Sq Ft
$1,036/Sq Ft Est. Value

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • High Ceiling
  • Long Beach Polytechnic High School Rated A
  • Spanish Architecture
  • Quartz Countertops

About This Home

As of September 2024

Welcome to 429 Olive Ave, located in the East Village Art's District. 1927 Spanish Architecture building with Three bedrooms, two bathrooms. One off street Parking space. Large kitchen with quartz counter tops, Dishwasher, stove included, Refrigerator, & washer/Dryer could be provided, newer Central heat. Linoleum flooring in kitchen & bathrooms. Hard wood flooring in most areas of the apartment & Laminate flooring in the bedrooms. Fresh paint throughout. Fenced private back yard with covered patio. Service Dogs welcome. Per Walk Score* This home has a of 95 out of 100. "This location is a Walker's Paradise so daily errands do not require a car. With only a 10 minute walk from the Metro A Line (Blue) at the 5th Street Station stop". All of this and just blocks away from Nearby parks including Victory Park, Harvey Milk Park and Rainbow Lagoon Park. Lots of restaurants, shops, entertainment, all of the Night Life of downtown Long Beach and the cool ocean breeze of Pacific Ocean! This is the perfect location between Los Angeles and Orange County with quick access to the freeways

Property is currently tenant occupied drive by, then contact me or your Realtor to schedule a walk through appointment.
Property available for move-in around Oct 1st 2024

Rent is $3,395 Security Deposit is $3,375

The photos were taken in 2022

Last Agent to Rent the Property

Mike Norton

Seven Gables Real Estate Brokerage Phone: 562-577-5021 License #00975141 Listed on: 09/03/2024

Seven Gables Real Estate

Last Renter's Agent

Mike Norton

Seven Gables Real Estate Brokerage Phone: 562-577-5021 License #00975141 Listed on: 09/03/2024

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 1,501 Sq Ft Lot
  • No Common Walls
  • Brick Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Spanish Architecture
  • Entry on the 1st floor
  • Flat Tile Roof
  • Stucco

Interior Spaces

  • 1,501 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Coffered Ceiling
  • High Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Blinds
  • Living Room with Fireplace
  • Storage
  • Neighborhood Views
  • Unfinished Basement

Kitchen

  • Breakfast Area or Nook
  • Gas Cooktop
  • Free-Standing Range
  • Quartz Countertops
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • All Bedrooms Down
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $3,375
  • Rent includes gardener, sewer, water
  • Available 10/1/24
  • Tax Lot 7
  • Tax Tract Number 7
  • Assessor Parcel Number 7281006026
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Downtown Subdivision

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2024-10-01
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 3375
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Duplex
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Architectural Style: Spanish
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 7281006026
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1501.00 Square Feet
  • Interior Amenities: Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Crown Molding, High Ceilings, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 200.00 Square Feet
  • Eating Area: Breakfast Nook
  • Entry Level: 1
  • Fireplace Features: Living Room, Decorative
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2.33
  • Room Type: All Bedrooms Down, Basement, Kitchen, Laundry, Living Room, Walk-In Closet
  • Window Features: Blinds
  • Bathroom Features: Shower In Tub
  • Room Kitchen Features: Quartz Counters, Utility Sink
  • Basement: Unfinished

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick
  • Patio And Porch Features: Covered, Patio
  • Pool Private: No
  • Roof: Flat Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Cooktop, Gas Water Heater
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Inside, Stackable
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1501.00
  • Lot Size Acres: 0.0345

Multi Family

  • Insurance Water Furniture: Yes
  • Lot Size Area: 1501.0000 Square Feet
  • Number Of Units In Community: 5
  • Number Of Units Total: 5
  • Rent Includes: Gardener, Sewer, Water

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2019
Closed on
Oct 7, 2019
Sold by
Norton Mikle W
Bought by
Norton Mikle Wayne and Mikle Wayne Norton Revocable T
Seller's Agent
Mike Norton
Seven Gables Real Estate
Buyer's Agent
Mike Norton
Seven Gables Real Estate
Sold Price
$2,650
Current Estimated Value
$1,554,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,551,854

Purchase Details

Closed on
Oct 29, 2002
Sold by
Mukasa Bennon K and Kirya Sarah
Bought by
Norton Mikle W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.03%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Norton Mikle Wayne -- Accommodation
Norton Mikle W $475,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norton Mikle W $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Rented $3,495 +2.9% --
09/13/2024 09/13/24 Off Market $3,395 -- --
09/11/2024 09/11/24 For Rent $3,395 0.0% --
09/10/2024 09/10/24 Off Market $3,395 -- --
09/03/2024 09/03/24 For Rent $3,395 +28.1% --
10/29/2019 10/29/19 Rented $2,650 +2.1% --
10/24/2019 10/24/19 Price Changed $2,595 -0.2% $2 / Sq Ft
10/16/2019 10/16/19 For Rent $2,600 +13.3% --
03/08/2017 03/08/17 Rented $2,295 -4.2% --
03/01/2017 03/01/17 For Rent $2,395 +22.8% --
08/07/2013 08/07/13 Rented $1,950 +8.3% --
08/07/2013 08/07/13 Under Contract -- -- --
06/11/2013 06/11/13 For Rent $1,800 -- --
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 $9,605 $692,628 $373,661 $318,967
2024 $9,605 $679,048 $366,335 $312,713
2023 $9,440 $665,734 $359,152 $306,582
2022 $8,885 $652,681 $352,110 $300,571
2021 $8,678 $639,884 $345,206 $294,678
2020 $8,653 $633,324 $341,667 $291,657
2019 $8,554 $620,907 $334,968 $285,939
2018 $8,264 $608,733 $328,400 $280,333
2016 $7,582 $585,098 $315,649 $269,449
2015 $7,291 $576,310 $310,908 $265,402
2014 $7,262 $565,022 $304,818 $260,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24182234

California Regional Multiple Listing Service (CRMLS)

APN: 7281-006-026