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944 Olive Ave, Long Beach, CA 90813
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944 Olive Ave Long Beach, CA 90813

$1,000,000 Sold Price as of 10/07/2021
  • 9 Beds
  • 3 Baths
  • 4,616 Sq.Ft.
Sold
$1,000,000 Sold Price as of 10/07/2021 Refinance Your Mortgage
Map preview of 944 Olive Ave, Long Beach, CA 90813

Property Overview: 944 Olive Ave Long Beach, CA has 9 bedrooms, 3 bathrooms, 4,616 living square feet and 6,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity for any investor looking for a fully occupied and producing tri-plex. All units are under one roof with each unit having it’s own extra-large 2 car garage with their own access. Roof was redone about 6 years ago with the outside stucco siding receiving its own fresh coat of paint. The interior of the units have been updated with newer flooring, paint, counter tops and other updates about a year ago. Each unit offers your tenants 3 bedrooms and 1 bath with a newer galley style kitchen in about 700ish sq.ft. each. Units have been well maintained and are located in walking distance to local shops, restaurants, parks, and St. Mary hospital. Close to downtown Long Beach it has a walking score of 87, transit score of 67 and a bikeable score of 70. Tenants pay for their own gas and electric. Please do NOT DISTURB TENANTS.

Listed by JANETTE SKINNER | BRE #02015756 | EXP REALTY OF CALIFORNIA INC
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
6,253
HOA Dues
$0/mo
Year built
1980
Garage
6 Car
Property Type:
Triplex
Status
Sold
MLS#
CV21177160
City
Long Beach
County
Los Angeles
Time on Site
1037 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $3,200
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $58,800
  • Net Operating Income: $57,360
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $1,440
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $1,440

Virtual Tour

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Property Details for 944 Olive Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Direct Garage Access
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 7274022014
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 710 West bound, exit Shorline Dr./7th St. Take 7th St. South to Atlantic Ave., go left. Right on E. 10th St to Olive Ave. Turn Right. On left hand side.
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
Neighborhood Information
  • Community Features: Biking, Fishing, Hiking, Park, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 944 Olive Ave

Last sold for $1,000,000 on October 7th, 2021

  • September, 2021

  • Sep 13, 2021

    Date

    Pending

    CRMLS: CV21177160

    $1,089,000

    Price

  • Aug 11, 2021

    Date

    Active

    CRMLS: CV21177160

    $1,089,000

    Price

  • July, 2021

  • Jul 8, 2021

    Date

    Canceled

    CRMLS: CV21091727

    $1,149,988

    Price

  • Jun 3, 2021

    Date

    Price Change

    CRMLS: CV21091727

    $1,149,988

    Price

  • May 19, 2021

    Date

    Active

    CRMLS: CV21091727

    $1,249,988

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: CV21091727

    $1,249,988

    Price

  • Apr 30, 2021

    Date

    Active

    CRMLS: CV21091727

    $1,249,988

    Price

  • Listing provided courtesy of CRMLS

    Fantastic Triplex opportunity located close to downtown Long Beach with a walking score of 87, transit 67, and bikeable 70 score. Located in The Downtown Plan map and in the Saint Mary neighborhood, this triplex is sitting on a very low maintenance lot of 6,253 sq. ft. with each unit offering approximately 650 sq. ft. of living space. Recently painted stucco building with a newer roof installed 5 years ago. Each unit has been recently renovated with each unit offering your tenants 3 bedrooms and 1 bath and an extra-large 2 car garage with their own direct access. Tenants pay for their own gas and electric. Tenants have grown a beautiful garden on side of the property creating a nice place for community hang out. Please do NOT DISTURB TENANTS.

  • April, 2009

  • Apr 23, 2009

    Date

    Sold (Public Records)

    Public Records

    $520,000

    Price

  • March, 2009

  • Mar 3, 2009

    Date

    Sold (Public Records)

    Public Records

    $363,237

    Price

Show More

Tax History for 944 Olive Ave

Assessed Value (2020): $612,285
Year Land Value Improved Value Assessed Value
2020 $423,893 $188,392 $612,285

Home Value Compared to the Market

This property vs the competition

944 Olive Ave sold on October 7, 2021 for 22.09% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $235.92 per/sqft which puts the price per square foot 64.2% lower than the current median sale per square foot for the city of Long Beach.

About 944 Olive Ave

Detailed summary of property

944 Olive Ave is a triplex that recently sold in Long Beach, CA 90813. This triplex offered 9 bedrooms, 3 bathrooms, roughly 4,616 living square feet, and sits on an approximately 6,253 square foot lot. 944 Olive Ave was first listed on ArdentRealEstateGroup.com on August 11, 2021. The homeowner sold the property for $1,000,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 22.09% higher than the current median priced home. Local homes that are currently for sale include 1624 E 109th St, 205 W 119th St and 351 E 115Th St. While the average home in Long Beach, CA is selling in 51 days, 944 Olive Ave has a days on market of 33 days. There are currently 696 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 279 of them are condos and 20 are townhomes. For more information on this home for sale at 944 Olive Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 944 Olive Ave

Public county record property details
Beds
9
Baths
3
Year built
1980
Sq. Ft.
4,616
Lot Size
6,253
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7274-022-014

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
36
Median Sale to List Price %
90.82%
Avg Days on Market
62
Loan Type
Conventional (50%), FHA (10%), VA (0%), Cash (10%), Other (30%)

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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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