NOT LISTED FOR SALE

5402 E Oleta St Long Beach, CA 90815

Park Estates Neighborhood

Estimated Value: $1,252,000 - $1,719,923

4 Beds
3 Baths
2,541 Sq Ft
$609/Sq Ft Est. Value

Last Sold July 06, 2017

Last sale price $1,050,000 $413 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $9,384/month

30 Days on Market

Highlights

  • No Units Above
  • Arizona Room
  • Patio
  • Minnie Gant Elementary School Rated A
  • Neighborhood Views
  • 4-minute walk to Los Altos Plaza Park

About This Home

As of July 2017

Introducing 5402 and 5404 Oleta...Rare duplex in the highly sought after area of Park Estates. The main home with the address of 5402 Oleta enjoys a private courtyard patio and consists of 2 bedrooms/2 baths. Upgraded kitchen with granite counters, spacious living room with fireplace and adjacent family room with built in cabinetry, HVAC, hardwood flooring, beamed ceilings and plantation shutters. French Doors lead to an enclosed sun room with skylights. Two car detached garage with automatic opener.
Second unit with the address of 5404 Oleta is a 2 bedroom/1 bath with one car garage and is currently tenant occupied. Shared laundry area behind property. Live in one and rent out the other. Perfect for the 1031 exchange investor looking for a trophy property.

Last Agent to Sell the Property

Carolyn Faber

Compass License #00948730 Listed on: 04/29/2017

Compass

Co-Listed By

Kristi Faber-Vento

Compass License #01152209

Last Buyer's Agent

Jean Shapen

Coldwell Banker Realty License #00614080

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,651 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

HOA Fees

  • $11 Monthly HOA Fees

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,541 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Outdoor Features

  • Patio
  • Arizona Room

Additional Features

  • Suburban Location
  • Central Air

Community Details

  • 2 Units
  • Park Estates HOA, Phone Number (562) 498-3383

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 17908
  • Assessor Parcel Number 7240021009

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

HOA Fees

$11 per month

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Park Estates (PE)
  • View: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 7240021009
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2541.00 Square Feet
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 413.22
  • Room Type: All Bedrooms Down

Exterior Features

  • Patio: Yes
  • View: Neighborhood
  • Patio And Porch Features: Arizona Room
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Annually
  • Association Fee: 11.00
  • Association Fee Frequency: Monthly
  • Association Name: Park Estates HOA
  • Phone: 5624983383
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 9651.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 17908

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2024
Sold by
Chao Cynthia W
Bought by
Cynthia W Chao Separate Property Trust and Chao
Current Estimated Value
$1,547,981

Purchase Details

Listed on
Apr 29, 2017
Closed on
May 26, 2017
Sold by
Dugan Michael F
Bought by
Chao Cynthia W
Seller's Agent
Carolyn Faber
Compass
Buyer's Agent
Jean Shapen
Coldwell Banker Realty
List Price
$1,075,000
Sold Price
$1,050,000
Premium/Discount to List
-$25,000
-2.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.68%
Original Mortgage
$814,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2014
Sold by
Dugan Joseph
Bought by
Dugan Michael F

Purchase Details

Closed on
Jul 2, 2010
Sold by
Dugan Lynn
Bought by
Dugan Lynn and Lynn Dugan Trust

Purchase Details

Closed on
Sep 8, 1993
Sold by
Carlton Jeffrey M
Bought by
Wright Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.25%
Mortgage Type
Seller Take Back
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
Cynthia W Chao Separate Property Trust -- None Listed On Document
Chao Cynthia W $1,050,000 Ticor Title Co
Dugan Michael F -- None Available
Dugan Lynn -- None Available
Wright Charles $320,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chao Cynthia W $814,500
Previous Owner Wright Charles $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2017 07/06/17 Sold $1,050,000 -2.3% $413 / Sq Ft
05/29/2017 05/29/17 Pending -- -- --
04/29/2017 04/29/17 For Sale $1,075,000 0.0% $423 / Sq Ft
12/16/2015 12/16/15 Rented $2,700 -5.3% --
11/20/2015 11/20/15 Price Changed $2,850 -3.4% $2 / Sq Ft
11/15/2015 11/15/15 For Rent $2,950 -- --
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 $15,140 $1,194,716 $796,478 $398,238
2024 $15,140 $1,171,291 $780,861 $390,430
2023 $14,891 $1,148,325 $765,550 $382,775
2022 $13,976 $1,125,810 $750,540 $375,270
2021 $13,705 $1,103,736 $735,824 $367,912
2019 $13,507 $1,071,000 $714,000 $357,000
2018 $13,017 $1,050,000 $700,000 $350,000
2016 $7,760 $638,554 $380,175 $258,379
2015 $7,449 $628,963 $374,465 $254,498
2014 $5,030 $408,311 $134,271 $274,040
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Faber

    Seller's Agent in 2017

    Carolyn Faber

    Compass

    (562) 619-8674

    14 in this area

    61 Total Sales

    Carolyn Faber
    Section Image
  • Kristi Faber-Vento

    Seller Co-Listing Agent in 2017

    Kristi Faber-Vento

    Compass

    (714) 724-0769

    15 in this area

    97 Total Sales

    Kristi Faber-Vento
    Section Image
  • Jean Shapen

    Buyer's Agent in 2017

    Jean Shapen

    Coldwell Banker Realty

    (562) 209-0743

    14 Total Sales

    Jean Shapen
    Section Image

  • R

    Seller's Agent in 2016

    Renee Lawler

    So Cal Dwell

    (562) 597-2481

    6 Total Sales

    Renee Lawler
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17081703

California Regional Multiple Listing Service (CRMLS)

APN: 7240-021-009

California Los Angeles County Long Beach 90804 Park Estates

5402 E Oleta St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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