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1851 Palo Verde Ave, Long Beach, CA 90815
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1851 Palo Verde Ave Long Beach, CA 90815

$990,000 Sold Price as of 12/07/2020
  • 4 Beds
  • 3 Baths
  • 1,589 Sq.Ft.
Sold
$990,000 Sold Price as of 12/07/2020 Refinance Your Mortgage
Map preview of 1851 Palo Verde Ave, Long Beach, CA 90815

Property Overview: 1851 Palo Verde Ave Long Beach, CA has 4 bedrooms, 3 bathrooms, 1,589 living square feet and 6,314 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Provide student housing to the most applied to CSU in California! Less than 50 steps from the CSU Long Beach campus, this property makes sense for both investors and owner-users alike. This opportunity allows you to rent to college students, provide housing for one of your own college children, give your parents or in-laws a private backyard home, and much more! Featuring 2 new homes on a single lot in the highly sought after neighborhood of Los Altos,the front home is a newly remodeled 3 bed/2 bath. All the major systems have been improved, including new plumbing, new electrical, new AC, fully remodeled kitchen, new flooring, and more. The rear home is new construction and was recently permitted as an ADU, which was completed in May 2020. Being that both homes are new, maintenance and repairs are basically non-existent. Additionally, both homes have their own private yards AND interior laundry. As an added bonus, the property feeds into the award-winning Minnie Gant Elementary school district.

Listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Co-listed by Caleb Baldwin | BRE #02056751 | Sage Real Estate
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 36

Home details

Lot Sq. Ft
6,314
HOA Dues
$0/mo
Year built
1952
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW20206086
City
Long Beach
County
Los Angeles
Time on Site
1449 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,495
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 17.42
  • Gross Scheduled Income: $66,000
  • Net Operating Income: $49,500
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $16,500
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $14,375
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $0

Property Details for 1851 Palo Verde Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Vinyl
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7231012036
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Los Altos/South of Fwy (LSF)
  • Directions: Near Atherton and Palo Verde
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1851 Palo Verde Ave

Last sold for $990,000 on December 7th, 2020

  • December, 2020

  • Dec 8, 2020

    Date

    Sold

    CRMLS: PW20208984

    $990,000

    Price

  • Nov 6, 2020

    Date

    Active Under Contract

    CRMLS: PW20208984

    $999,000

    Price

  • Nov 4, 2020

    Date

    Price Change

    CRMLS: PW20208984

    $999,000

    Price

  • Oct 9, 2020

    Date

    Price Change

    CRMLS: PW20208984

    $1,075,000

    Price

  • Oct 5, 2020

    Date

    Active

    CRMLS: PW20208984

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2020

  • Dec 7, 2020

    Date

    Sold

    CRMLS: PW20206086

    $990,000

    Price

  • Nov 6, 2020

    Date

    Active Under Contract

    CRMLS: PW20206086

    $999,000

    Price

  • Nov 4, 2020

    Date

    Price Change

    CRMLS: PW20206086

    $999,000

    Price

  • Oct 9, 2020

    Date

    Price Change

    CRMLS: PW20206086

    $1,075,000

    Price

  • Oct 2, 2020

    Date

    Active

    CRMLS: PW20206086

    $1,150,000

    Price

  • December, 2020

  • Dec 7, 2020

    Date

    Sold (Public Records)

    Public Records

    $990,000

    Price

  • March, 2020

  • Mar 9, 2020

    Date

    Leased

    CRMLS: PW20041590

    $3,495

    Price

  • Feb 26, 2020

    Date

    Active

    CRMLS: PW20041590

    $3,495

    Price

  • Listing provided courtesy of CRMLS

    Located just one block away from CSULB, this property offers convenient access to the 405, making commuting a breeze. This home has been completely remodeled from the studs out, including brand new kitchen and bathrooms, windows, flooring, lighting, AC, plumbing, electrical and more! The home also has brand new Whirlpool washer and dryer. The neighborhood is well-known and is highly desirable due to its family-friendliness and amazing school district, which includes the prestigious Minnie Gant Elementary which received a perfect score of 10/10 by the state of California. Make this newly remodeled property the next home for you or your clients!

  • June, 2019

  • Jun 26, 2019

    Date

    Sold

    CRMLS: PW19107341

    $550,000

    Price

  • Jun 20, 2019

    Date

    Pending

    CRMLS: PW19107341

    $599,000

    Price

  • Jun 3, 2019

    Date

    Active Under Contract

    CRMLS: PW19107341

    $599,000

    Price

  • May 24, 2019

    Date

    Active

    CRMLS: PW19107341

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    LOCATION LOCATION LOCATION! If you want to live in Los Altos and close to LB State University then this is your home. 3 bedrooms, 1 Bathroom, indoor laundry, lovely Fireplace, original HW floors, enclosed patio in the back of a large backyard and a long driveway w/ two door detached garage. This gem needs a little love and TLC, but will be well worth it!

  • June, 2019

  • Jun 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 1851 Palo Verde Ave

Assessed Value (2020): $561,000
Year Land Value Improved Value Assessed Value
2020 $448,800 $112,200 $561,000

Home Value Compared to the Market

This property vs the competition

1851 Palo Verde Ave sold on December 7, 2020 for 21.98% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $628.7 per/sqft which puts the price per square foot 0.11% higher than the current median sale per square foot for the city of Long Beach.

About 1851 Palo Verde Ave

Detailed summary of property

1851 Palo Verde Ave is a duplex that recently sold in Long Beach, CA 90815. This duplex offered 4 bedrooms, 3 bathrooms, roughly 1,589 living square feet, and sits on an approximately 6,314 square foot lot. 1851 Palo Verde Ave was first listed on ArdentRealEstateGroup.com on October 2, 2020. The homeowner sold the property for $990,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 21.98% higher than the current median priced home. Local homes that are currently for sale include 1348 E Wesley Dr, 1640 E Erie St and 1125 E 17th St. While the average home in Long Beach, CA is selling in 62 days, 1851 Palo Verde Ave has a days on market of 36 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1851 Palo Verde Ave Long Beach, CA 90815 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1851 Palo Verde Ave

Public county record property details
Beds
3
Baths
1
Year built
1952
Sq. Ft.
989
Lot Size
6,313
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
330
APN
7231-012-036

The source for these homes facts are from public records.

90815 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,079,000
Median List Price/Sq.Ft.
$654
Median Sold Price
$1,115,000
Median Sold Price/Sq.Ft.
$669
Total Inventory
78
Median Sale to List Price %
95.71%
Avg Days on Market
23
Loan Type
Conventional (44.83%), FHA (3.45%), VA (3.45%), Cash (17.24%), Other (31.03%)

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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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