1071 Olive Ave Long Beach, CA 90813

$1,400,000 Sold Price as of 02/21/2020

12 Beds
6 Baths
4,364 Sq.Ft.

Off Market

$1,400,000 Sold Price as of 02/21/2020 Refinance Your Mortgage

Map preview of 1071 Olive Ave, Long Beach, CA 90813

Property Overview: 1071 Olive Ave Long Beach, CA has 12 bedrooms, 6 bathrooms, 4,364 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

1071 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 $799,000. The median price per/sqft for Long Beach is $643. 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 $159,800 for the down payment and will need roughly $15,980 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 1071 Olive Ave

Last sold for $1,400,000 on February 24th, 2020

February, 2020
Feb 25, 2020

Date

Sold

CRMLS: OC19197164

$1,400,000

Price
Feb 14, 2020

Date

Pending

CRMLS: OC19197164

$1,399,900

Price
Dec 13, 2019

Date

Active Under Contract

CRMLS: OC19197164

$1,399,900

Price
Nov 28, 2019

Date

Price Change

CRMLS: OC19197164

$1,399,900

Price
Aug 26, 2019

Date

Price Change

CRMLS: OC19197164

$1,450,000

Price
Aug 17, 2019

Date

Active

CRMLS: OC19197164

$1,500,000

Price
Listing provided courtesy of CRMLS

This 6 unit 2 story apartment building (3 units up & 3 units below) has been completely remodeled except for 1 unit. 6 parking spaces in the back. Each unit is a 2 bedroom and 1 bath. Units 2,3,4,5,6 have been upgraded (plumbing, electrical, flooring, paint etc.) and remodeled. Units 2,3,4 and 5 have new heating and A/C. Some units have stackable washer/dryer units, some have a wall A/C. Tenants pay for gas, electric, trash each unit is on their own utility meter. Community laundry room on site.

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February, 2020
Feb 21, 2020

Date

Sold (Public Records)

Public Records

$1,400,000

Price
August, 2018
Aug 6, 2018

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1071 Olive Ave

Assessed Value (2020): $1,407,600

Year	Land Value	Improved Value	Assessed Value
2020	$918,000	$489,600	$1,407,600

About 1071 Olive Ave

Detailed summary of property

1071 Olive Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90813 and last sold on February 21, 2020 for $1,400,000. This property has 12 bedrooms, 6 bathrooms, roughly 4,364 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. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 75% higher than the current median priced home. 1071 Olive Ave was last sold on February 21, 2020 for $1,400,000. Local nearby listings include 375 Atlantic Ave #602, 375 Atlantic Ave #607 and 375 Atlantic Ave #205. The average home in Long Beach, CA is selling in 51 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. If you are the homeowner and looking to sell the home at 1071 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 1071 Olive Ave

Public county record property details

Beds: 12
Baths: 6
Year built: 1961
Sq. Ft.: 4,364
Lot Size: 6,516
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 17
APN: 7274-012-018

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

$570,000

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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