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1508 Olive Ave, Huntington Beach, CA 92648
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1508 Olive Ave Huntington Beach, CA 92648

$1,250,000 Sold Price as of 03/24/2020
  • 5 Beds
  • 3 Baths
  • 1,890 Sq.Ft.
Sold
$1,250,000 Sold Price as of 03/24/2020 Refinance Your Mortgage
Map preview of 1508 Olive Ave, Huntington Beach, CA 92648

Property Overview: 1508 Olive Ave Huntington Beach, CA has 5 bedrooms, 3 bathrooms, 1,890 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2 Remodeled units (3+2, 2+1) completed in December 2018. Convenient location with a 4 Minute walk to the beach. Brand new interior-exterior paint, new laminate wood flooring and newly remodeled bathrooms. Individually metered (Elect + Gas). Alley way with 2 Car Garage + 3 additional driveway parking spaces. Each unit has its own combo washer + dryer unit. Additional furnace room with storage. Additional laundry room with Washer & Dryer. Smart home with mobile surveillance cameras to exteriors. Ready for new ownders to move-in or for rental income. Live in one unit and rent the other for income.

Listed by HORIZON HOM | BRE #00975323 | HORIZON REAL ESTATE SERVICES
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 168

Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1966
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
WS19215515
City
Huntington Beach
County
Orange
Time on Site
1402 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $58,440
  • Gross Operating Income: $75,240
  • Vacancy Allowance: $3,960
  • Gross Spendable Income: $79,200
Annual Expense Breakdown
  • Total Operating Expense: $16,800
  • Electric: $240
  • Gas/Fuel: $168
  • New Taxes: $14,250
  • Trash: $780
  • Insurance: $612
  • Water/Sewer: $750

Property Details for 1508 Olive Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: Two
  • Security Features: Closed Circuit Camera(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Two Door
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 02315811
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: PCH to 15th or 16th.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Huntington Beach Agent

Sale History for 1508 Olive Ave

Last sold for $1,250,000 on March 24th, 2020

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: PW20064790

    $4,500

    Price

  • Aug 25, 2020

    Date

    Hold

    CRMLS: PW20064790

    $4,500

    Price

  • Aug 25, 2020

    Date

    Withdrawn

    CRMLS: PW20064790

    $4,500

    Price

  • Aug 18, 2020

    Date

    Hold

    CRMLS: PW20064790

    $4,500

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: PW20064790

    $4,500

    Price

  • Jul 20, 2020

    Date

    Hold

    CRMLS: PW20064790

    $4,500

    Price

  • Jun 2, 2020

    Date

    Price Change

    CRMLS: PW20064790

    $4,500

    Price

  • May 27, 2020

    Date

    Price Change

    CRMLS: PW20064790

    $6,000

    Price

  • May 26, 2020

    Date

    Price Change

    CRMLS: PW20064790

    $5,000

    Price

  • Apr 7, 2020

    Date

    Price Change

    CRMLS: PW20064790

    $3,500

    Price

  • Mar 28, 2020

    Date

    Price Change

    CRMLS: PW20064790

    $3,200

    Price

  • Mar 28, 2020

    Date

    Active

    CRMLS: PW20064790

    $3,500

    Price

  • Listing provided courtesy of CRMLS

    Remodeled FURNISHED upstairs unit(2beds,1bath). Newly Remodeled. Convenient location with a 4-minute walk to the beach. Very close to Pacific City Shopping, Hospitals. Perfect location for doctors and nurses who are looking to move close to hospitals they work in based on the unfortunate current circumstance. Landlord is open to host people supporting the fight against COVID-19, like healthcare workers and first responders. Brand new interior-exterior paint, new laminate wood flooring, and a newly remodeled bathroom. Individually metered (Elect + Gas). 1-2 Car parking spaces in the driveway. The unit has its own combo washer + dryer unit. ROKU TV service included. Additional laundry room with Washer & Dryer. Smart home with mobile surveillance cameras to exteriors. Ready for a new tenant to move-in.

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: PW20064839

    $5,200

    Price

  • Aug 18, 2020

    Date

    Hold

    CRMLS: PW20064839

    $5,200

    Price

  • Aug 1, 2020

    Date

    Active

    CRMLS: PW20064839

    $5,200

    Price

  • Jul 20, 2020

    Date

    Hold

    CRMLS: PW20064839

    $5,200

    Price

  • Jun 16, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $5,200

    Price

  • Jun 16, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $4,500

    Price

  • Jun 2, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $5,500

    Price

  • May 27, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $6,500

    Price

  • May 26, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $5,500

    Price

  • Apr 7, 2020

    Date

    Price Change

    CRMLS: PW20064839

    $4,200

    Price

  • Mar 28, 2020

    Date

    Active

    CRMLS: PW20064839

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    Remodeled two-story unit(3 beds,2 baths) Furnished, Newly Remodeled. Convenient location with a 4-minute walk to the beach. Very close to Pacific City Shopping, Hospitals. Perfect location for doctors and nurses who are looking to move close to hospitals they work in based on the unfortunate current circumstance. Landlord is open to host people supporting the fight against COVID-19, like healthcare workers and first responders. Brand new interior-exterior paint, new laminate wood flooring, and a newly remodeled bathroom. Individually metered (Elect + Gas). 2 Car parking spaces in the driveway. The unit has its own combo washer + dryer unit. ROKU TV service included. Additional laundry room with Washer & Dryer. Smart home with mobile surveillance cameras to exteriors. Ready for a new tenant to move-in.

  • March, 2020

  • Mar 25, 2020

    Date

    Sold

    CRMLS: WS19215515

    $1,250,000

    Price

  • Mar 20, 2020

    Date

    Pending

    CRMLS: WS19215515

    $1,295,000

    Price

  • Feb 24, 2020

    Date

    Active Under Contract

    CRMLS: WS19215515

    $1,295,000

    Price

  • Jan 10, 2020

    Date

    Active

    CRMLS: WS19215515

    $1,295,000

    Price

  • Dec 27, 2019

    Date

    Active Under Contract

    CRMLS: WS19215515

    $1,295,000

    Price

  • Sep 11, 2019

    Date

    Active

    CRMLS: WS19215515

    $1,295,000

    Price

  • March, 2020

  • Mar 24, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • September, 2019

  • Sep 1, 2019

    Date

    Expired

    CRMLS: WS19012446

    $1,450,000

    Price

  • Aug 5, 2019

    Date

    Price Change

    CRMLS: WS19012446

    $1,450,000

    Price

  • Feb 1, 2019

    Date

    Active

    CRMLS: WS19012446

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    2 Remodeled units (3+2, 2+1) completed in December 2018. Convenient location with a 4-minute walk to the beach . Brand new interior-exterior paint, new laminate wood flooring and newly remodeled bathrooms. Individually metered (Elect + Gas). Alley way with 2 Car Garage + 3 additional driveway parking spaces. Each unit has it's own combo washer+dryer unit. Additional furnace room with storage. Additional laundry room with washer & dryer. Smart home with mobile surveillance cameras to exteriors. Ready for new owners to move-in or for rental income. Live in one unit and rent the other for income.

  • September, 2018

  • Sep 26, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • April, 2018

  • Apr 24, 2018

    Date

    Sold

    CRMLS: OC18027487

    $1,050,000

    Price

  • Apr 16, 2018

    Date

    Pending

    CRMLS: OC18027487

    $1,125,000

    Price

  • Apr 10, 2018

    Date

    Active Under Contract

    CRMLS: OC18027487

    $1,125,000

    Price

  • Mar 2, 2018

    Date

    Price Change

    CRMLS: OC18027487

    $1,125,000

    Price

  • Feb 17, 2018

    Date

    Active

    CRMLS: OC18027487

    $1,250,000

    Price

  • Feb 10, 2018

    Date

    Hold

    CRMLS: OC18027487

    $1,250,000

    Price

  • Feb 10, 2018

    Date

    Active

    CRMLS: OC18027487

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Downtown Huntington Beach is an Owner User Quality Neighborhood, and this Duplex Building is located just 2 blocks to the Beach, and 11 Blocks to the Pier & Main Street Village... the New Pacific City Development is only another 3 blocks! Schools, Parks, and Doggie Beach are 8 blocks! The downstairs unit is a two level 2 Bedroom, 1.5 Bath. The upstairs unit is a 2 Bedroom, 1 Bath Flat. There is a 2 car garage, and shared laundry room. Separate Gas & Electric meters for each unit and the house/laundry. Wonderful potential to remodel this building into an Owner User "Home with Income" or would be a perfect Second Home that could be shared among family members and/or rented out full time or a portion of the year as an investment property. The area is seeing ongoing development and improvements, and the resort aspects of the area are excellent with many annual events including: 4th of July Parade, US Open of Surfing, Air Show, and many other smaller events!

Show More

Tax History for 1508 Olive Ave

Assessed Value (2020): $1,071,000
Year Land Value Improved Value Assessed Value
2020 $1,001,315 $69,685 $1,071,000

Home Value Compared to the Market

This property vs the competition

1508 Olive Ave sold on March 24, 2020 for 0.39% higher than the current median sold price for the city of Huntington Beach which is $1,290,000. The median sold price per/sqft for Huntington Beach is $748 and this home is sold at $685.19 per/sqft which puts the price per square foot 8.4% lower than the current median sale per square foot for the city of Huntington Beach.

About 1508 Olive Ave

Detailed summary of property

1508 Olive Ave is a duplex that recently sold in Huntington Beach, CA 92648. This duplex offered 5 bedrooms, 3 bathrooms, roughly 1,890 living square feet, and sits on an approximately 2,178 square foot lot. 1508 Olive Ave was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $1,250,000. Home in Huntington Beach are selling for a median price of $1,290,000 and a median price per square foot of $748. Based on Ardent Real Estate Group's Huntington Beach Market Data, this home is sold 0.39% higher than the current median priced home. Local homes that are currently for sale include 3915 E 11th St, 2221 Granada Ave and 1128 W Diamond St. While the average home in Huntington Beach, CA is selling in 57 days, 1508 Olive Ave has a days on market of 168 days. There are currently 304 homes for sale in the Huntington Beach real estate market and 205 of them are single family homes while 70 of them are condos and 29 are townhomes. For more information on this home for sale at 1508 Olive Ave Huntington Beach, CA 92648 contact Ardent Real Estate Group and we will put you in touch with one of our Huntington Beach agents.

Public Facts for 1508 Olive Ave

Public county record property details
Beds
--
Baths
--
Year built
1966
Sq. Ft.
1,890
Lot Size
2,107
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
023-158-11

The source for these homes facts are from public records.

92648 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$829
Median Sold Price
$1,525,000
Median Sold Price/Sq.Ft.
$792
Total Inventory
103
Median Sale to List Price %
101.67%
Avg Days on Market
28
Loan Type
Conventional (36.36%), FHA (3.03%), VA (0%), Cash (45.45%), Other (15.15%)

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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