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5960 Olive Ave, Long Beach, CA 90805
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5960 Olive Ave Long Beach, CA 90805

$670,000 Sold Price as of 06/12/2021
  • 4 Beds
  • 2 Baths
  • 1,770 Sq.Ft.
Sold
$670,000 Sold Price as of 06/12/2021 Refinance Your Mortgage
Map preview of 5960 Olive Ave, Long Beach, CA 90805

Property Overview: 5960 Olive Ave Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,770 living square feet and 4,988 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This "value-add" Long Beach duplex is a great find. This asset has great curb appeal and both units are completely separate 2+1 buildings with long-term tenants. Both are charming traditionals on a beautiful tree-lined street. Property is located in a terrific neighborhood near great public transportation, shopping, and restaurants. This is an excellent opportunity to own in an area definitely moving up. Units are priced to reflect rents that are apx 25-35% below market. Be part of the expansion and growth in Long Beach! Priced to sell, this one won't last.

Listed by Scott Nell | BRE #01358285 | Keller Williams Realty Encino-Sherman Oa
Co-listed by Eric Petz | BRE #01893338 | Keller Williams Realty Encino-Sherman Oa
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
4,988
HOA Dues
$0/mo
Year built
1963
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21694120
City
Long Beach
County
Los Angeles
Time on Site
1174 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 21.9
  • Gross Scheduled Income: --
  • Net Operating Income: $31,800
  • Gross Operating Income: $31,800
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5960 Olive Ave

Interior Features
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage
Property Information
  • Total # of Units: 2
  • Parcel Number: 7124019006
Location / Neighborhood
Location Information
  • Directions: South of E 60th on Olive
View more facts & features

Local Long Beach Agent

Sale History for 5960 Olive Ave

Last sold for $670,000 on June 12th, 2021

  • August, 2021

  • Aug 3, 2021

    Date

    Sold

    CRMLS: 21694120

    $670,000

    Price

  • May 18, 2021

    Date

    Pending

    CRMLS: 21694120

    $649,000

    Price

  • Apr 25, 2021

    Date

    Active

    CRMLS: 21694120

    $649,000

    Price

  • Mar 27, 2021

    Date

    Hold

    CRMLS: 21694120

    $649,000

    Price

  • Mar 12, 2021

    Date

    Price Change

    CRMLS: 21694120

    $649,000

    Price

  • Feb 21, 2021

    Date

    Active

    CRMLS: 21694120

    $699,000

    Price

Tax History for 5960 Olive Ave

Assessed Value (2020): $309,092
Year Land Value Improved Value Assessed Value
2020 $93,511 $215,581 $309,092

Home Value Compared to the Market

This property vs the competition

5960 Olive Ave sold on June 12, 2021 for 18.88% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $366.67 per/sqft which puts the price per square foot 41.98% lower than the current median sale per square foot for the city of Long Beach.

About 5960 Olive Ave

Detailed summary of property

5960 Olive Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,770 living square feet, and sits on an approximately 4,988 square foot lot. 5960 Olive Ave was first listed on ArdentRealEstateGroup.com on February 21, 2021. The homeowner sold the property for $670,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 18.88% lower than the current median priced home. Local homes that are currently for sale include 752 E Lanzit Ave, 210 E 120th St and 116 W 120th St. While the average home in Long Beach, CA is selling in 51 days, 5960 Olive Ave has a days on market of 57 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 5960 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 5960 Olive Ave

Public county record property details
Beds
4
Baths
2
Year built
1963
Sq. Ft.
1,770
Lot Size
4,987
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7124-019-006

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
$679,999
Median List Price/Sq.Ft.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
61
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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 5960 Olive Ave

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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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