NOT LISTED FOR SALE

944 Olive Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,070,000 - $1,190,000

6 Beds
2 Baths
4,616 Sq Ft
$247/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2021

Last sale price $1,000,000 $217 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,437 / mo

33 Days on Market

Highlights

  • Fishing
  • Hiking Trails
  • Carpet
  • Long Beach Polytechnic High School Rated A
  • 6 Car Direct Access Garage
  • Wall Furnace

About This Home

As of October 2021

Great opportunity for any investor looking for a fully occupied and producing tri-plex. All units are under one roof with each unit having it’s own extra-large 2 car garage with their own access. Roof was redone about 6 years ago with the outside stucco siding receiving its own fresh coat of paint. The interior of the units have been updated with newer flooring, paint, counter tops and other updates about a year ago. Each unit offers your tenants 3 bedrooms and 1 bath with a newer galley style kitchen in about 700ish sq.ft. each. Units have been well maintained and are located in walking distance to local shops, restaurants, parks, and St. Mary hospital. Close to downtown Long Beach it has a walking score of 87, transit score of 67 and a bikeable score of 70. Tenants pay for their own gas and electric. Please do NOT DISTURB TENANTS.

Last Agent to Sell the Property

JANETTE SKINNER

eXp Realty of Southern California Inc License #02015756 Listed on: 08/11/2021

eXp Realty of Southern California Inc

Last Buyer's Agent

Jimmy Thach

Seal Real Estate License #01386221

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,253 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Direct Access Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 4,616 Sq Ft Home
  • 2-Story Property
  • Gas Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 4 / 2
  • Tax Tract Number 576
  • Assessor Parcel Number 7274022014
  • $8,352 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Alamitos Beach Subdivision

Recreation

  • Fishing
  • Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,440
  • Operating Expense $1,440
  • Gross Income $57,360
  • Net Operating Income $57,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

6,253 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1440.00
  • Zoning: LBR4R
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7274022014
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 216.64

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Direct Garage Access
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Fishing, Hiking, Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6253.00
  • Lot Size Acres: 0.1435

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 57360.00
  • Gross Scheduled Income: 58800.00
  • Lot Size Area: 6253.0000 Square Feet
  • Net Operating Income: 57360.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 1440.00
  • Rent Control: No
  • Total Actual Rent: 4900.00
  • Total Expenses: 1440.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5763.02
  • Tax Lot: 4
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 8352.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2009
Sold by
Bought by
Current Estimated Value
$1,139,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$185,047
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$954,741

Purchase Details

Closed on
Mar 13, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$185,047
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$954,741

Purchase Details

Closed on
Feb 6, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Outstanding Balance
$185,047
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$954,741

Purchase Details

Closed on
Dec 6, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 2007
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,440
Interest Rate
6.22%

Purchase Details

Closed on
May 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,029
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 10, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,029
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- North American Title Company
-- North American Title Company
$520,000 North American Title Company
$363,237 None Available
-- None Available
-- None Available
-- Southland Title Company
$729,000 Financial Title Company
-- Financial Title Company
-- Financial Title Company
$243,000 First Southwestern Title Co
-- Benefit Land Title Ins Co
$268,593 Benefit Land Title Ins Co
$260,000 Commonwealth Land Title
$125,000 Commonwealth Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,000
Previous Owner $588,000
Previous Owner $583,200
Previous Owner $206,440
Previous Owner $249,029
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $1,000,000 -8.2% $217 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $1,089,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,940 $1,061,207 $689,785 $371,422
2024 $14,266 $1,040,400 $676,260 $364,140
2023 $14,016 $1,020,000 $663,000 $357,000
2022 $13,173 $1,000,000 $650,000 $350,000
2021 $8,472 $618,627 $428,284 $190,343
2019 $8,352 $600,281 $415,582 $184,699
2018 $8,048 $588,512 $407,434 $181,078
2016 $7,392 $565,662 $391,614 $174,048
2015 $7,109 $557,166 $385,732 $171,434
2014 $7,066 $546,253 $378,177 $168,076
Source: Public Records

Agents Affiliated with this Home

  • JANETTE SKINNER

    Seller's Agent in 2021

    JANETTE SKINNER

    eXp Realty of Southern California Inc

    (888) 294-1415

    1 in this area

    13 Total Sales

    JANETTE SKINNER
    Section Image
  • Jimmy Thach

    Buyer's Agent in 2021

    Jimmy Thach

    Seal Real Estate

    (714) 622-4735

    1 in this area

    60 Total Sales

    Jimmy Thach
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21177160

California Regional Multiple Listing Service (CRMLS)

APN: 7274-022-014

California Los Angeles County Long Beach 90813 Saint Mary's

944 Olive Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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