NOT LISTED FOR SALE

5960 Olive Ave Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $791,000 - $859,000

4 Beds
2 Baths
1,770 Sq Ft
$470/Sq Ft Est. Value

Last Sold June 12, 2021

Last sale price $670,000 $379 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,073/month

87 Days on Market

About This Home

As of June 2021

This "value-add" Long Beach duplex is a great find. This asset has great curb appeal and both units are completely separate 2+1 buildings with long-term tenants. Both are charming traditionals on a beautiful tree-lined street. Property is located in a terrific neighborhood near great public transportation, shopping, and restaurants. This is an excellent opportunity to own in an area definitely moving up. Units are priced to reflect rents that are apx 25-35% below market. Be part of the expansion and growth in Long Beach! Priced to sell, this one won't last.

Last Agent to Sell the Property

Scott Nell

Equity Union License #01358285 Listed on: 02/20/2021

Co-Listed By

Eric Petz

Equity Union License #01893338

Last Buyer's Agent

Whitney Spatz

eXp Realty of California Inc License #02060165

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1963

Lot Details

  • 4,988 Sq Ft Lot
  • Property is zoned LBR1N

Parking

  • Garage

Home Design

  • 1,770 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7124-019-006

Home Details

Home Type

Single Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1770
  • Lot Acreage: 0.1145
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 366.67

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 69.75
  • Assessed Improvement Value: 203148
  • Assessed Land Percent: 30.25
  • Assessed Land Value: 88119
  • Total Assessed Value: 291267
  • Assessor Parcel Number: 7124-019-006
  • Lot Size Area: 4988

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.90
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2009
Sold by
Tyler Raymond
Bought by
Tyler Raymond and The Raymond Tyler Living Trust
Current Estimated Value
$820,071
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
Tyler Raymond -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2021 06/12/21 Sold $670,000 +3.2% $379 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $649,000 -3.1% $367 / Sq Ft
03/26/2021 03/26/21 Off Market $670,000 -- --
03/12/2021 03/12/21 Price Changed $649,000 -7.2% $367 / Sq Ft
02/20/2021 02/20/21 For Sale $699,000 -- $395 / Sq Ft
Source: The MLS

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 $9,669 $711,008 $339,586 $371,422
2024 $9,257 $697,068 $332,928 $364,140
2023 $9,099 $683,400 $326,400 $357,000
2022 $8,434 $670,000 $320,000 $350,000
2021 $4,163 $312,293 $94,479 $217,814
2020 $4,151 $309,092 $93,511 $215,581
2019 $4,104 $303,032 $91,678 $211,354
2018 $3,934 $297,091 $89,881 $207,210
2016 $3,615 $285,557 $86,392 $199,165
2015 $3,474 $281,269 $85,095 $196,174
2014 $3,458 $275,761 $83,429 $192,332
Source: Public Records

Agents Affiliated with this Home

  • Scott Nell

    Seller's Agent in 2021

    Scott Nell

    Equity Union

    (818) 522-2862

    1 in this area

    80 Total Sales

    Scott Nell
    Section Image

  • E

    Seller Co-Listing Agent in 2021

    Eric Petz

    Equity Union

    (360) 521-4385

    1 in this area

    11 Total Sales

    Eric Petz
    Section Image

  • W

    Buyer's Agent in 2021

    Whitney Spatz

    eXp Realty of California Inc

See All Agents

Map

Source: The MLS

MLS Number: 21-694120

The MLS

APN: 7124-019-006

California Los Angeles County Long Beach 90805 Houghton Park

5960 Olive Ave, Long Beach, CA

Not Listed for Sale

Detached

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