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5478 Olive Ave, Long Beach, CA 90805
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5478 Olive Ave Long Beach, CA 90805

$620,000 Sold Price as of 12/23/2019
  • 4 Beds
  • 2 Baths
  • 1,744 Sq.Ft.
Sold
$620,000 Sold Price as of 12/23/2019 Refinance Your Mortgage
Map preview of 5478 Olive Ave, Long Beach, CA 90805

Property Overview: 5478 Olive Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,744 living square feet and 5,923 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Duplex in Long Beach with 2 individual units in a quiet neighborhood. Each unit has 2 Bed/1 Bath. 2 Car garage with additional street parking. Easy access to freeway system (710 and 91).

Listed by JOHN LIU | BRE #01263426 | NORTHLAND REAL ESTATE GROUP, I
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
5,923
HOA Dues
$0/mo
Year built
1946
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS19227345
City
Long Beach
County
Los Angeles
Time on Site
1522 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $14,114
  • Net Operating Income: $13,160
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $955
  • New Taxes: $7,500
  • Trash: $80
  • Insurance: $900

Property Details for 5478 Olive Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile, Wood
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas Range, Portable Dishwasher, Water Heater
Interior Features
  • Tile Counters
  • Window Features: Screens
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wood
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: Driveway
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7127018004
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised, Slab
  • Property is not Attached
  • Accessibility Features: Doors - Swing In
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Atlantic Blvd North to Market, right on Market and turn on Olive
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 5478 Olive Ave

Last sold for $617,000 on December 23rd, 2019

  • December, 2019

  • Dec 23, 2019

    Date

    Sold

    CRMLS: WS19227345

    $620,000

    Price

  • Oct 28, 2019

    Date

    Active Under Contract

    CRMLS: WS19227345

    $650,000

    Price

  • Sep 30, 2019

    Date

    Active

    CRMLS: WS19227345

    $650,000

    Price

  • December, 2019

  • Dec 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $617,000

    Price

  • July, 2018

  • Jul 6, 2018

    Date

    Sold

    CRMLS: PW18124008

    $535,000

    Price

  • Jul 2, 2018

    Date

    Pending

    CRMLS: PW18124008

    $525,000

    Price

  • Jun 13, 2018

    Date

    Active Under Contract

    CRMLS: PW18124008

    $525,000

    Price

  • Jun 13, 2018

    Date

    Active

    CRMLS: PW18124008

    $525,000

    Price

  • Jun 10, 2018

    Date

    Hold

    CRMLS: PW18124008

    $525,000

    Price

  • Jun 5, 2018

    Date

    Active

    CRMLS: PW18124008

    $525,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY! Duplex in Long Beach with 2 individual units on a 5,923 square foot lot. Front house is 2 bedroom, 1 bath with 952 square feet. Back unit has 2 bedrooms, 1 bath with 752 square feet. 2 car garage with a long driveway provides for additional parking up to 3 cars along with street parking. Conveniently located near the 710 and 91 freeways.

  • July, 2018

  • Jul 6, 2018

    Date

    Sold (Public Records)

    Public Records

    $535,000

    Price

Show More

Tax History for 5478 Olive Ave

Assessed Value (2020): $617,000
Year Land Value Improved Value Assessed Value
2020 $300,000 $317,000 $617,000

Home Value Compared to the Market

This property vs the competition

5478 Olive Ave sold on December 23, 2019 for 20.63% 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 $372.71 per/sqft which puts the price per square foot 40.65% lower than the current median sale per square foot for the city of Long Beach.

About 5478 Olive Ave

Detailed summary of property

5478 Olive Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,744 living square feet, and sits on an approximately 5,923 square foot lot. 5478 Olive Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $620,000. 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 20.63% lower than the current median priced home. Local homes that are currently for sale include 1643 E 87th Pl, 114 W 110th St and 919 E 92nd St. While the average home in Long Beach, CA is selling in 62 days, 5478 Olive Ave has a days on market of 25 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 5478 Olive Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5478 Olive Ave

Public county record property details
Beds
4
Baths
2
Year built
1946
Sq. Ft.
1,744
Lot Size
5,922
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
124
APN
7127-018-004

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$690,000
Median List Price/Sq.Ft.
$540
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$568
Total Inventory
97
Median Sale to List Price %
101.89%
Avg Days on Market
28
Loan Type
Conventional (42.11%), FHA (36.84%), VA (10.53%), Cash (0%), Other (10.53%)

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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