2515 Olive Ave
Long Beach, CA 90806
$1,800,000
Sold Price as of 03/27/2020
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9 Beds
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8 Baths
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4,185 Sq.Ft.
Sold
Property Overview: 2515 Olive Ave Long Beach, CA has 9 bedrooms, 8 bathrooms,
4,185 living square feet and 12,310 square feet lot size.
Call an Ardent Real Estate Group agent
with any questions you may have.
Listed by J.Woody Stahl | BRE #01399621 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 9 minutes ago |
Last updated: March 21st, 2023 |
Source CRMLS |
DOM: 28
Home details
- Lot Sq. Ft
- 12,310
- HOA Dues
- $0/mo
- Year built
- 1953
- Garage
- 2 Car
- Property Type:
- Multi Family
- Status
- Sold
- MLS#
- SB20024630
- City
- Long Beach
- County
- Los Angeles
- Time on Site
- 1442 days
Show More
Unit Mix Summary
- Total # of Units: 8
- Total # of Buildings: 2
- # of Electric Meters: 8
- # of Gas Meters: 8
- # of Water Meters: 1
Unit Breakdown 1
- # of Units: 6
- # of Beds: 1
- # of Baths: 1
- Garage Spaces: 2
- Garaged Attached? No
- Furnishing: Unfurnished
- Actual Rent: $1,250
- Total Rent: $7,500
- Pro Forma/Market Rent: $1,550
Unit Breakdown 2
- # of Units: 1
- # of Beds: 1
- # of Baths: 1
- Garage Spaces: 0
- Garaged Attached? No
- Furnishing: Unfurnished
- Actual Rent: $1,000
- Total Rent: $1,000
- Pro Forma/Market Rent: $1,550
Unit Breakdown 3
- # of Units: 1
- # of Beds: 2
- # of Baths: 1
- Garage Spaces: 0
- Garaged Attached? No
- Furnishing: Unfurnished
- Actual Rent: $1,550
- Total Rent: $1,550
- Pro Forma/Market Rent: $1,850
Property Income and Analysis
- Cap Rate: 4.24%
- Gross Rent Multiplier: 14.58
- Gross Scheduled Income: $123,293
- Net Operating Income: $76,211
- Gross Operating Income: --
Annual Expense Breakdown
- Total Operating Expense: $117,128
- Electric: $1,145
- Gas/Fuel: $701
- New Taxes: $22,713
- Trash: $903
- Gardener: $1,920
- Insurance: $1,464
- Maintenance: $4,240
- Professional Management: $6,030
- Water/Sewer: $1,152
- Other Expenses: $159
- Other Expense Description: Utility
Virtual Tour
Use the following link to view this property's virtual tour:
Property Details for 2515 Olive Ave
Exterior Features
- No Pool
- Pool Features: None
Parking/Garage Information
- # of Garage Spaces: 2
- # of Parking Spaces: 10
Lot Information
- Lot Features: Sprinkler System
- Lot Size Source: Assessor
- Common Interest: None
Property Information
- Common Walls: 2+ Common Walls
- Total # of Units: 8
- Parcel Number: 7211006034
- Year Built Source: Assessor
- Property is Attached
Utilities Information
- Sewer: Public Sewer
- Water Source: Public
Location Information
- Subdivision Name: North Long Beach (NLB)
- Directions: Located two parcels from the corner of E Vernon St and Olive Avenue.
Neighborhood Information
- Community Features: Sidewalks
View more facts & features
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Sold (Public Records)
Public Records
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Sold (Public Records)
Public Records
Show More
Year |
Land Value |
Improved Value |
Assessed Value |
2020 |
$624,240 |
$747,786 |
$1,372,026 |
- Beds
- 9
- Baths
- 8
- Year built
- 1953
- Sq. Ft.
- 4,185
- Lot Size
- 12,309
- Stories
- --
- Type
- Apartment House (5+ Units)
- Pool
-
No
- Spa
-
No
- County
- Los Angeles
- Lot#
- 11
- APN
- 7211-006-034
The source for these homes facts are from public records.
Median List Price
$799,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$805
Median Sale to List Price %
97.87%
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)
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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.