1065 Olive Ave Long Beach, CA 90813

$--

6 Beds
4 Baths
2,570 Sq.Ft.

Off Market

Map preview of 1065 Olive Ave, Long Beach, CA 90813

Property Overview: 1065 Olive Ave Long Beach, CA has 6 bedrooms, 4 bathrooms, 2,570 living square feet and 6,516 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1065 Olive Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $799,900. The median price per/sqft for Long Beach is $644. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $159,980 for the down payment and will need roughly $15,998 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1065 Olive Ave

View property's historical transactions

May, 2024
May 5, 2024

Date

Canceled

CRMLS: PW24066073

$2,500,000

Price
Apr 4, 2024

Date

Active

CRMLS: PW24066073

$2,500,000

Price
Listing provided courtesy of CRMLS

Excellent investment opportunity!!! It consists of 3 structures with a total of 5 units that have been completely remodeled and furnished from top to bottom making it comfortable and welcoming stay for all tenants and guests. The property is very safe and secure offering an ADT and camera system, flood lights, and security gates. All units are individually metered for electric, water, gas, and have their own mini-split system for heating and cooling. Other amenities include tankless water heaters, electric car chargers, private outdoor patio space, parking, and high-speed Wi-Fi. The 3bed/2bath is currently permitted for Airbnb and the Traveling Nurses Program which is the perfect opportunity for short term rentals with little to a no vacancy ratio. Located within walking distance to St. Mary's Hospital where more than 50% of the employees are traveling from out of state. This location is within a 15-minute walking distance to popular Long Beach tourist attractions which include the Convention Center, Shoreline Village, Aquarium of the Pacific, Queen Mary, Pine St, beach, restaurants, and much more. Property has appraised at $6,000,000 based on the Income Approach Analysis. Income and Expense Report is available upon request. See video for general info income analysis. Buyers can potentially refinance after presenting T12 financial reports to lenders. Call today to schedule a private showing!

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January, 2024
Jan 1, 2024

Date

Expired

CRMLS: SR23171259

$2,950,000

Price
Sep 20, 2023

Date

Active

CRMLS: SR23171259

$3,200,000

Price
Listing provided courtesy of CRMLS

Appraised In August 2023 at $5,350,000 (with a 78% occupancy) Contact Agent for Income & Expense Report. 5 Units Permitted with Current Owner for Airbnb & Traveling Nurses Program. Each has own ADT system connected to the Fire, Police, Ambulance Dept. & security doors. Camera system & motion sensor flood lights around entire compound. Both the front and back of the property have Security gates. There is a 24 hour maintenance man/security who lives directly next door. Owner wanted to create a compound that felt like a safe haven. Units are remodeled & furnished with new stoves, refrigerators, mini split A/C and heating units & new Tankless Water Heaters! Main home is permitted for Airbnb & separated from other units for added privacy. Was Originally 3 Units, seller added an ADU and JR ADU. Main house (1065 Olive) consists of a 3bd 2bth unit with its own washer, dryer, and private parking for two cars including electric car charger as well as gated parking. The back unit 1065 ½ is a 1bd 1 bath with its own private yard for reading or entertainment as well as new appliances including its own washer & dryer. Unit 1065A is a studio with 1bth. Consists of its own private patio area perfect for quite reading and your pet to hang out there. Unit 1067 Olive is 2bd 1bth with new appliances and private parking access from the alleyway where there is another electric car charger. Unit 1069 is 1bd 1bth with new appliance and a private parking space. All units have access to high speed WIFI. There is a washer and dryer at the back of the unit that units 1065A, 1067, and 1069 share to give the units more space. All units are individually metered for water, electric, and Gas. Saint Mary's hospital is ½ a block away for added convenience. The traveling nurses' program is a perfect fit for short term, high rent with little to no vacancies throughout the year. The staff at saint Mary's hospital consists of over 70% of staff that are from out of state. The program is called Travel Nurse Housing Stipend. The information is clear on what they are allowed and how much they can afford to spend for housing. This makes the property free from rent control and avoids any nonpaying renters and having to wait months to evict. A private compound in an excellent location. Very close proximity to Shoreline Drive - aquarium of the pacific, the queen Mary, the Long Beach Convention Center and so much more. Very close proximity drive to the beach and major attractions and restaurants.

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July, 2022
Jul 18, 2022

Date

Canceled

CRMLS: PW22082037

$999,000

Price
Apr 21, 2022

Date

Active

CRMLS: PW22082037

$999,000

Price
Listing provided courtesy of CRMLS

Excellent Investment Opportunity!!! Come check out this fixer in Long Beach. Property currently has 3 separate units with a front house and 2 units in the back. Property has permits and plans to be converted to 5 units. ****Roofs are currently being replaced.****

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April, 2022
Apr 25, 2022

Date

Active

CRMLS: PW22084227

$999,000

Price
Listing provided courtesy of CRMLS

Excellent Investment Opportunity!!! Come check out this fixer in Long Beach. Property currently has 3 separate units with a front house and 2 units in the back. Property has permits and plans to be converted to 5 units. ***Roofs are currently being replace.***

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Tax History for 1065 Olive Ave

Assessed Value (2020): $67,189

Year	Land Value	Improved Value	Assessed Value
2020	$25,521	$41,668	$67,189

About 1065 Olive Ave

Detailed summary of property

1065 Olive Ave is categorized with a use code of Duplex (2 Units, Any Combination) in Long Beach, CA 90813 and is currently off market. This property has 6 bedrooms, 4 bathrooms, roughly 2,570 living square feet, and sits on an approximately 6,516 square foot lot. Homes in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Local nearby listings include 423 E Esther St, 925 E Appleton St #4 and 1215 E Barcelona Pl. The average home in Long Beach, CA is selling in 54 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. If you are the homeowner and looking to sell the home at 1065 Olive Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1065 Olive Ave

Public county record property details

Beds: 6
Baths: 4
Year built: 1963
Sq. Ft.: 2,570
Lot Size: 6,516
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 18
APN: 7274-012-019

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$629,000

Median List Price/Sq.Ft.

$546

Median Sold Price

$584,000

Median Sold Price/Sq.Ft.

$592

Total Inventory

Median Sale to List Price %

108.35%

Avg Days on Market

Loan Type

Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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