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525 Olive Ave, Long Beach, CA 90802
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525 Olive Ave Long Beach, CA 90802

$540,000 Sold Price as of 02/03/2021
  • 2 Beds
  • 2 Baths
  • 1,120 Sq.Ft.
Sold
$540,000 Sold Price as of 02/03/2021 Refinance Your Mortgage
Map preview of 525 Olive Ave, Long Beach, CA 90802

Property Overview: 525 Olive Ave Long Beach, CA has 2 bedrooms, 2 bathrooms, 1,120 living square feet and 2,408 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Opportunity in Downtown Long Beach. Duplex with Two- One Bedroom, One Bath Units. Currently rented with market rents. Exterior is recently painted with front entry porches for each unit. One unit has been recently painted, has hardwood flooring with built in cabinetry, remodeled bathroom, and washer and dryer hookups (as shown in pictures)

Listed by Barbara Betts | BRE #01391934 | The Betts Realty Group, Inc.
Co-listed by Harold Betts | BRE #01834267 | The Betts Realty Group, Inc.
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
2,408
HOA Dues
$0/mo
Year built
1912
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
PW20227540
City
Long Beach
County
Los Angeles
Time on Site
1422 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,135
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $2,410
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 525 Olive Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7281003011
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: Marietta and Cereza
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 525 Olive Ave

Last sold for $540,000 on February 3rd, 2021

  • February, 2021

  • Feb 3, 2021

    Date

    Sold

    CRMLS: PW20227540

    $540,000

    Price

  • Nov 6, 2020

    Date

    Pending

    CRMLS: PW20227540

    $540,000

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: PW20227540

    $540,000

    Price

  • February, 2021

  • Feb 3, 2021

    Date

    Sold (Public Records)

    Public Records

    $540,000

    Price

  • September, 2016

  • Sep 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

Show More

Tax History for 525 Olive Ave

Assessed Value (2020): $403,258
Year Land Value Improved Value Assessed Value
2020 $286,526 $116,732 $403,258

Home Value Compared to the Market

This property vs the competition

525 Olive Ave sold on February 3, 2021 for 34.07% 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 $482.14 per/sqft which puts the price per square foot 23.23% lower than the current median sale per square foot for the city of Long Beach.

About 525 Olive Ave

Detailed summary of property

525 Olive Ave is a duplex that recently sold in Long Beach, CA 90802. This duplex offered 2 bedrooms, 2 bathrooms, roughly 1,120 living square feet, and sits on an approximately 2,408 square foot lot. 525 Olive Ave was first listed on ArdentRealEstateGroup.com on October 28, 2020. The homeowner sold the property for $540,000. 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 34.07% lower than the current median priced home. Local homes that are currently for sale include 1122 E 67th St, 1703 E 61st St and 8911 S Western Ave. While the average home in Long Beach, CA is selling in 62 days, 525 Olive Ave has a days on market of 2 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 525 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 525 Olive Ave

Public county record property details
Beds
2
Baths
2
Year built
1912
Sq. Ft.
1,120
Lot Size
2,407
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,15
APN
7281-003-011

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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(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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