Los Angeles 2026B online auction · item 3486
7124-014-008
Multi-Family Residence · Long Beach · 0.11 acres
6050 OLIVE AVE, LONG BEACH, CA 90805
Bidding runs October 17–20, 2026 on GovEase and closes at 12:00 p.m. PT on Tuesday, October 20. Registration and deposits closed October 13.
- Opening bid
- $38,852
- County assessed
- $204,247
- Bid ÷ assessed
- 0.190
- In default since
- 2019
Deep discount Opens at a quarter of the county's assessed value or less.
Flags
- Structure on record
The county's records show something built here: improvement value on the assessor's roll, or a year built on its parcel map. That can be the asset or it can be the liability — a derelict building is a demolition bill, and an occupied one is a possession problem.
- Offered before, didn't sell
This parcel was in the county's previous sale and drew no bid. The market has already seen it once and passed. A lower opening bid this time is the county trying again, not a discount someone missed.
The county's record
- Use
- Multi-Family Residence, use code 0200
- Zoning
- LBR1N
- Lot
- 4,925 sq ft (0.11 acres)
- Year built
- 1980
- Building
- 1,764 sq ft
- Rooms
- 4 beds, 2 baths
- Units
- 2
- Land value
- $52,154
- Improvements
- $152,093
- Prop 13 base year
- 1981
- Exemption
- Homeowners’ exemption
- Tax status
- In default, as read October 8, 2026
- Legal description
- TRACT # 6521 LOT 7 BLK 4
Values from the 2026 roll, effective July 31, 2026.
What parcels with a building sold for at earlier Los Angeles auctions
Los Angeles publishes the price of every parcel it sells. Each dot is one of those sales, at its price divided by its own opening bid, so a dot at 1× went for the opening bid and a dot at 10× for ten times it.
one sale median, shown only where a group has 30 sales or more
| Group | Sold | At the opening bid | At 2× or more | Median |
|---|---|---|---|---|
| April 2025 With a building | 16 | 0 | 14 | under 30 |
| April 2026 With a building | 6 | 0 | 5 | under 30 |
| June 2025 June re-offer of April's unsold | 25 of 71 | 13 | 5 | under 30 |
This parcel was on the county's April 2026 list and did not sell. The June 2025 row is the county's second try at April 2025's unsold parcels, at lower opening bids.
These rows describe groups of earlier sales. None of them is an estimate of what this parcel will sell for.
Sources: the county's 2025A auction books and excess-proceeds list and its 2026A excess-proceeds list. The method is in the write-up.