NOT LISTED FOR SALE

5491 Olive Ave Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $692,000 - $807,000

2 Beds
1 Bath
885 Sq Ft
$835/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $620,000 $701 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,598/month

4 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • No HOA
  • Deck
  • Private Yard
  • Breakfast Area or Nook

About This Home

As of August 2021

Cozy California Craftsman Bungalow style home filled with lots of charm. The home features hardwood floors, a claw footed bathtub, a high efficiency cooling and heating system, copper plumbing, a tankless water heater, and a long driveway that can fit a RV. The backyard has a huge shaded deck next to a built in bar area. Great place for hosting and entertaining. It also has a bonus studio room with its own bathroom that is currently rented $800/mo. Perfect starter home with plenty of potential.

Last Agent to Sell the Property

Reta Heng

Trends RE Inc. License #01386848 Listed on: 07/22/2021

Trends RE Inc.

Last Buyer's Agent

Michelle Towell

The Childress Group, Inc License #01869208

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 5,721 Sq Ft Lot
  • East Facing Home
  • Wood Fence
  • Private Yard
  • Garden
  • Front Yard
  • Property is zoned LBR1N

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Craftsman Architecture
  • Additions or Alterations
  • Copper Plumbing

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Laminate Countertops
  • Trash Compactor

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Home Security

  • Window Bars
  • Closed Circuit Camera
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Wood Patio
  • Exterior Lighting
  • Shed
  • Porch

Schools

  • Lindbergh Middle School
  • Jordan High School

Utilities

  • High Efficiency Air Conditioning
  • High Efficiency Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • North Long Beach Subdivision

Listing and Financial Details

  • Tax Lot 92
  • Tax Tract Number 5737
  • Assessor Parcel Number 7127019016

Home Details

Home Type

Single Family

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7127019016
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 885.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Laminate Counters, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook, In Kitchen
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 700.56
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Bathroom Features: Bathtub, Shower In Tub, Exhaust Fan(s)
  • Room Kitchen Features: Laminate Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: East
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Deck, Porch, Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking Features: Driveway, Street
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Tankless Water Heater, Trash Compactor, Vented Exhaust Fan
  • Heating Type: Wall Furnace, High Efficiency
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • High School: Jordan
  • Middle Or Junior School: Lindbergh
  • High School2: JORDAN

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Yard
  • Lot Size Sq Ft: 5721.00
  • Lot Size Acres: 0.1313

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5721.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5706.01
  • Tax Lot: 92
  • Tax Tract Number: 5737

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2011
Closed on
May 8, 2012
Sold by
Svay Pichnimith
Bought by
San Setha
Seller's Agent
Valerie Brooks
ZipRealty,Inc.
Buyer's Agent
Gloria Hynes
Coldwell Banker Envision
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$738,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,720
Avg. Annual Appreciation
9.11%
Original Mortgage
$220,924
Outstanding Balance
$152,306
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$586,414

Purchase Details

Listed on
Dec 29, 2011
Closed on
May 3, 2012
Sold by
Fletcher David and Fletcher Yukari
Bought by
San Setha
Seller's Agent
Valerie Brooks
ZipRealty,Inc.
Buyer's Agent
Gloria Hynes
Coldwell Banker Envision
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,924
Outstanding Balance
$152,306
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$586,414

Purchase Details

Closed on
May 30, 2007
Sold by
Shafer Brent L and Palmieri Shafer Danielle Z
Bought by
Fletcher David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2005
Sold by
Shafer Brent and Shafer Danielle
Bought by
Shafer Brent L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2002
Sold by
Nikac Pashko and Nikac Stacey
Bought by
Shafer Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,311
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 1997
Sold by
Hunt Darryl and Hunt Colleen R
Bought by
Nikac Pashko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,250
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 10, 1996
Sold by
Va
Bought by
Hunt Darryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
7.59%

Purchase Details

Closed on
Oct 6, 1995
Sold by
Barclays American/Mtg Corp
Bought by
Va
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
San Setha -- Old Republic Title Company
San Setha $225,000 Old Republic Title Company
Fletcher David $385,000 Fidelity National Title Co
Shafer Brent L -- Fidelity National Title Co
Shafer Brent $174,000 American Title Co
Nikac Pashko $119,000 --
Hunt Darryl $76,500 Firs American Title Company
Va -- Fidelity National Title Ins
Barclays American/Mtg Corp $100,367 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open San Setha $220,924
Previous Owner Fletcher David $308,000
Previous Owner Shafer Brent L $245,000
Previous Owner Shafer Brent $171,311
Previous Owner Nikac Pashko $118,250
Previous Owner Hunt Darryl $61,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $620,000 +3.4% $701 / Sq Ft
07/27/2021 07/27/21 Price Changed $599,900 +13.2% $678 / Sq Ft
07/22/2021 07/22/21 For Sale $529,900 +135.5% $599 / Sq Ft
05/17/2012 05/17/12 Sold $225,000 0.0% $254 / Sq Ft View Prior Sale
03/17/2012 03/17/12 Pending -- -- --
12/29/2011 12/29/11 For Sale $225,000 -- $254 / 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 $8,727 $657,947 $526,358 $131,589
2024 $8,386 $645,047 $516,038 $129,009
2023 $8,245 $632,400 $505,920 $126,480
2022 $7,739 $620,000 $496,000 $124,000
2021 $3,461 $261,084 $172,084 $89,000
2020 $3,452 $258,408 $170,320 $88,088
2019 $3,412 $253,342 $166,981 $86,361
2018 $3,261 $248,375 $163,707 $84,668
2016 $3,004 $238,732 $157,351 $81,381
2015 $2,886 $235,147 $154,988 $80,159
2014 $2,871 $230,541 $151,952 $78,589
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Reta Heng

    Trends RE Inc.

    (831) 774-4165

    1 in this area

    17 Total Sales

    Reta Heng
    Section Image
  • Michelle Towell

    Buyer's Agent in 2021

    Michelle Towell

    The Childress Group, Inc

    (661) 912-2395

    1 in this area

    53 Total Sales

    Michelle Towell
    Section Image

  • V

    Seller's Agent in 2012

    Valerie Brooks

    ZipRealty,Inc.

  • G

    Buyer's Agent in 2012

    Gloria Hynes

    Coldwell Banker Envision

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21160865

California Regional Multiple Listing Service (CRMLS)

APN: 7127-019-016

California Los Angeles County Long Beach 90805 Lindbergh

5491 Olive Ave, Long Beach, CA

Not Listed for Sale

Detached

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