$380,000
SOLD SEP 30, 2016
2 Beds
2 Baths
1,120 Sq Ft
2,408 Sq Ft Lot

Recently Sold

$339 Per Sq Ft

5% Below List Price

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 2,408 Sq Ft lot
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Laundry Room

About This Home

As of February 2021

Such a charmer. Great little 1912 Craftsman style duplex. Two 1 bedroom / 1 bathroom bungalows. Still has all the Craftsman charm inside and out. New roof in Oct 2014, hardwood floors, built-in cabinets. The kitchen and bathroom have been updated. Several new windows. Small fenced-in back patio area for each unit. Updated electric panels. Separate gas and electric meters for each unit. Laundry hook-ups in each unit. Non-conforming parking pads in front of each unit. 525 -527 Olive have separate mailing addresses. Our Yellow and blue trim Duplex is directly behind 529 Olive Ave. Enter thru the alley. Great rental history. Rarely vacant. DRIVE BY ONLY. Do not disturb tenants or walk the property.

Last Agent to Sell the Property

Theresa Fisher

The Property Store Inc. License #01207276 Listed on: 09/12/2016

Last Buyer's Agent

Theresa Fisher

The Property Store Inc. License #01207276 Listed on: 09/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,506

Year Built

  • Built in 1912

Lot Details

  • 2,408 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 1,120 Sq Ft Home
  • Wood Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Uncovered Parking

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 15
  • Assessor Parcel Number 7281003011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $549
  • Maintenance Expense $300
  • Water Sewer Expense $540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,506

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 540.00
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7281003011
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 339.29
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2408.00
  • Price Per Lot Square Foot: 166.07

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 24900.00
  • Insurance Expense: 549.00
  • Maintenance Expense: 300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2020
Sold by
Blg Property Management Llc
Bought by
Faried George and Girgis Mariem
Current Estimated Value
$684,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 12, 2016
Closed on
Sep 21, 2016
Sold by
Fisher William Charles
Bought by
Blg Property Management Llc
Seller's Agent
Theresa Fisher
The Property Store Inc.
Buyer's Agent
Theresa Fisher
The Property Store Inc.
List Price
$399,900
Sold Price
$380,000
Premium/Discount to List
-$19,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Oct 19, 2015
Sold by
Fisher William C
Bought by
Fisher Family Fun Trust

Purchase Details

Closed on
Oct 19, 2005
Sold by
Hunter Homes Inc
Bought by
Fisher William C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,520
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2003
Sold by
Brandt Lawrence J and The Alma R Brandt Living Trust
Bought by
Booth Eddie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2002
Sold by
The Alma R Brandt Living Trust
Bought by
Brandt Lawrence J
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $540,000 First American Title
Grant Deed $380,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $399,500 North American Title Co
Grant Deed -- North American Title Co
Grant Deed $190,000 Natc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $285,000 New Conventional
Previous Owner $620,000 Stand Alone Second
Previous Owner $319,520 Purchase Money Mortgage
Previous Owner $34,000 Unknown
Previous Owner $221,000 Unknown
Previous Owner $152,000 Purchase Money Mortgage
Closed $19,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2021 02/03/21 Sold $540,000 0.0% $482 / Sq Ft
10/30/2020 10/30/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $540,000 +42.1% $482 / Sq Ft
09/30/2016 09/30/16 Sold $380,000 -5.0% $339 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $399,900 -- $357 / 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 $7,506 $584,512 $411,324 $173,188
2024 $7,506 $573,052 $403,259 $169,793
2023 $7,379 $561,816 $395,352 $166,464
2022 $6,926 $550,800 $387,600 $163,200
2021 $5,210 $407,435 $289,494 $117,941
2020 $5,197 $403,258 $286,526 $116,732
2019 $5,136 $395,352 $280,908 $114,444
2018 $4,977 $387,600 $275,400 $112,200
2016 $3,974 $320,000 $240,000 $80,000
2015 $3,083 $250,000 $187,500 $62,500
2014 $2,783 $220,000 $165,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16200781

California Regional Multiple Listing Service (CRMLS)

APN: 7281-003-011