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521 Olive Ave, Long Beach, CA 90802
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521 Olive Ave Long Beach, CA 90802

$770,000 Sold Price as of 12/08/2023
  • 2 Beds
  • 2.75 Baths
  • 1,175 Sq.Ft.
Sold
$770,000 Sold Price as of 12/08/2023 Refinance Your Mortgage
Map preview of 521 Olive Ave, Long Beach, CA 90802

Property Overview: 521 Olive Ave Long Beach, CA has 2 bedrooms, 2.75 bathrooms, 1,175 living square feet and 2,223 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming Duplex in the East Arts Village neighborhood. Front house is a 2 bedroom, 2 bath with loads of original charm plus modern day amenities. Original hardwood floors and coffered ceilings. House has all new fixtures, fresh paint, new carpet in bedroom with updated baths and kitchen (plus inside laundry). Large studio is in the back. Studio has also been updated and is really cute! Driveway parking for front house. Great location.. close to the Pacific Ocean and a short distance to the fourt street cooridor.

Listed by Natasha Schultheis | BRE #01277420 | Coldwell Banker Realty
Last checked: 9 minutes ago | Last updated: December 8th, 2023 | Source CRMLS | DOM: 119

Home details

Lot Sq. Ft
2,223
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
PW23131267
City
Long Beach
County
Los Angeles
Time on Site
430 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $33,000
  • Net Operating Income: $28,860
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $4,140
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $120

Property Details for 521 Olive Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen, Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Range, Refrigerator
Interior Features
  • Ceiling Fan(s), Coffered Ceiling(s)
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7281003020
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: ON Olive between 4th and 7th St.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 521 Olive Ave

Last sold for $770,000 on December 8th, 2023

  • December, 2023

  • Dec 8, 2023

    Date

    Sold

    CRMLS: PW23131267

    $770,000

    Price

  • Jul 17, 2023

    Date

    Active

    CRMLS: PW23131267

    $849

    Price

  • June, 2021

  • Jun 10, 2021

    Date

    Sold

    CRMLS: PW21087803

    $705,000

    Price

  • May 6, 2021

    Date

    Active Under Contract

    CRMLS: PW21087803

    $699,000

    Price

  • May 3, 2021

    Date

    Active

    CRMLS: PW21087803

    $699,000

    Price

  • May 3, 2021

    Date

    Active

    CRMLS: PW21087803

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    521 Olive is a charming Craftsman duplex located in the heart of the East Village Arts District. This property features a 2 bed, 2 bath front house with interior laundry and a studio in the rear. The architectural appeal of this home offers original craftsman elements such as crown molding, coffered ceilings, and original hardwood floors. Enjoy the abundance of natural sunlight and breeze that enters freely throughout the updated kitchen. Envision yourself relaxing on the large porch while enjoying your morning cup of coffee, or entertaining family and friends on wine night. If that is not enough, the property features a cute rear studio, perfect for rental income or an overnight guest. The property is well maintained, has separate utility meters, and is very low maintenance.

  • February, 2021

  • Feb 19, 2021

    Date

    Leased

    CRMLS: SB21027072

    $2,200

    Price

  • Feb 16, 2021

    Date

    Pending

    CRMLS: SB21027072

    $2,200

    Price

  • Feb 10, 2021

    Date

    Active

    CRMLS: SB21027072

    $2,200

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this craftsmen rental in Long Beach. This front unit features two bedrooms and two bathrooms. The first bedroom off the entrance can be used as an office, workout room or a smaller bedroom, blinds can be lowered for privacy. The main bedroom features carpet and has its own private bathroom. Features include original hardwood floors throughout this unit. Beautiful built-in shelving in the living room. It has separate dining area off the kitchen. The kitchen features white cabinests with granite counter tops. Appliances include dishwasher, stove, refrigerator and washer dryer in the kitchen. Lastly, the unit also has a small private back area for your pleasure. Plus a driveway parking spot. Close to downtown Long Beach. Plenty of shops and restaurants.

  • April, 2016

  • Apr 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

  • July, 2004

  • Jul 1, 2004

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

Show More

Tax History for 521 Olive Ave

Assessed Value (2020): $487,093
Year Land Value Improved Value Assessed Value
2020 $340,965 $146,128 $487,093

Home Value Compared to the Market

This property vs the competition

521 Olive Ave sold on December 8, 2023 for 5.49% lower 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 $658.72 per/sqft which puts the price per square foot 4.89% higher than the current median sale per square foot for the city of Long Beach.

About 521 Olive Ave

Detailed summary of property

521 Olive Ave is a duplex that recently sold in Long Beach, CA 90802. This duplex offered 2 bedrooms, 2.75 bathrooms, roughly 1,175 living square feet, and sits on an approximately 2,223 square foot lot. 521 Olive Ave was first listed on ArdentRealEstateGroup.com on July 17, 2023. The homeowner sold the property for $770,000. 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 5.49% lower than the current median priced home. Local homes that are currently for sale include 1428 E 59th St, 1622 E.63rd st. and 2841 E 65th St. While the average home in Long Beach, CA is selling in 62 days, 521 Olive Ave has a days on market of 119 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 521 Olive Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 521 Olive Ave

Public county record property details
Beds
4
Baths
2
Year built
1912
Sq. Ft.
1,175
Lot Size
2,222
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
27,28
APN
7281-003-020

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 521 Olive Ave

525 Olive Ave, Long Beach, CA 90802
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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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