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1403 Olive Ave, Long Beach, CA 90813
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1403 Olive Ave Long Beach, CA 90813

$1,425,000 Sold Price as of 11/10/2021
  • 10 Beds
  • 6.5 Baths
  • 6,022 Sq.Ft.
Sold
$1,425,000 Sold Price as of 11/10/2021 Refinance Your Mortgage
Map preview of 1403 Olive Ave, Long Beach, CA 90813

Property Overview: 1403 Olive Ave Long Beach, CA has 10 bedrooms, 6.5 bathrooms, 6,022 living square feet and 6,532 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a wonderful investment property. Currently the owner lives in the largest unit (3 bed, 3 bath and 2130 sq feet). The other 3 units are rented. All tenants are current on rent. 4 units total, 3 garage spaces. Located in Long Beach, ideally close to the beach, Poly High School, LBCC, downtown LB and public transport. This property is full of potential!

Listed by Costanza Genoese Zerbi | BRE #01941438 | Redfin Corporation
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
6,532
HOA Dues
$0/mo
Year built
1929
Garage
3 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW21198429
City
Long Beach
County
Los Angeles
Time on Site
967 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,474
  • Total Rent: $1,474
  • Pro Forma/Market Rent: $1,474
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,933
  • Total Rent: $1,933
  • Pro Forma/Market Rent: $1,933
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $60,684
  • Net Operating Income: $5,744
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,940
  • Trash: $800
  • Gardener: $840
  • Insurance: $1,100
  • Professional Management: $2,844
  • Water/Sewer: $180

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 1403 Olive Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Carpet, Wood
  • Kitchen, Living Room
Interior Features
  • Built-in Features
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Level
  • Lot Size Source: Appraiser
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7268011017
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: between E 14th St and E New York St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1403 Olive Ave

Last sold for $1,425,000 on November 10th, 2021

  • November, 2021

  • Nov 11, 2021

    Date

    Sold

    CRMLS: PW21198429

    $1,425,000

    Price

  • Oct 28, 2021

    Date

    Pending

    CRMLS: PW21198429

    $1,340,000

    Price

  • Sep 16, 2021

    Date

    Active Under Contract

    CRMLS: PW21198429

    $1,340,000

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: PW21198429

    $1,340,000

    Price

Tax History for 1403 Olive Ave

Assessed Value (2020): $97,143
Year Land Value Improved Value Assessed Value
2020 $24,476 $72,667 $97,143

Home Value Compared to the Market

This property vs the competition

1403 Olive Ave sold on November 10, 2021 for 67.5% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $222.52 per/sqft which puts the price per square foot 64.79% lower than the current median sale per square foot for the city of Long Beach.

About 1403 Olive Ave

Detailed summary of property

1403 Olive Ave is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 10 bedrooms, 6.5 bathrooms, roughly 6,022 living square feet, and sits on an approximately 6,532 square foot lot. 1403 Olive Ave was first listed on ArdentRealEstateGroup.com on September 8, 2021. The homeowner sold the property for $1,425,000. Home 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 67.5% higher than the current median priced home. Local homes that are currently for sale include 17 Bonito Ave, 1015 Dawson Ave and 2529 E 10th St. While the average home in Long Beach, CA is selling in 54 days, 1403 Olive Ave has a days on market of 8 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. For more information on this home for sale at 1403 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 1403 Olive Ave

Public county record property details
Beds
9
Baths
8
Year built
1929
Sq. Ft.
6,022
Lot Size
6,533
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7268-011-017

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
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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