2052 Shipway Ave

Long Beach, California, 90815

Tax DeedpendingSells Oct 20, 2026 · in 12 days

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Beds: 4
Baths: 2
SqFt: 1,365
Lot Size: 5,938
Year Built: 1953
APN: 7235-010-004

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 22 Years 5 Months
Purchase Method: Cash Purchase
County: Los Angeles

Value

Estimated Value: $1,236,000
Assessed Value: $273,286; 2025

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $30,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2020

Last Sale

Document Type: Quit Claim Deed

Opportunity

Opening Bid: $26,196
Bid / Value: 2%; of $1,236,000
Property Tax 2025: $3,810; annual bill · not the amount owed
Equity (est.): $1,213,422; 98%
Monthly Rent: $3,840; Suggested rent
Gross Yield: 3.73%

Opening bid

$26,196

Assessed value

$273,286

Land $163,975Improvement $109,311

Market / AVM

$1,236,000

Property tax 2025

$3,810

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Walter D Olson
Mailing Address: 2052 Shipway Ave, Long Beach, CA 90815
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 4
Total Bathrooms: 2
Heating Type

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
10/16/2015	First	$30,000	Unknown	Ruth M Shepherd	0	05/12/2016	15-1277230

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
10/16/2015	First	$30,000	Unknown	Ruth M Shepherd	0	05/12/2016	15-1277230	Yes

Sale Date	Recorded	Document	Doc #	Arm's Length	Method	Buyer	Seller
10/02/2000	04/19/2004	Quit Claim Deed	04-0949122	No	Cash Purchase	Walter D Olson	Sheila J Ryan

Your maximum bid

$740,676

Walk away above this. Projected profit at the ceiling: $370,800 (30% of ARV).

Opening bid $26,196

Room to bid $714,480

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$258,659

Under max by $482,017

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

614

Median sold

$3,853

p(redeem) prior

12%

History n=614: median sold $3,853 is well below oracle $740,676 — target ~82% of ceiling.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $1,236,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $1,236,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$98,880
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical CA range ($3,000–$7,000, ~9 months).: −$5,000
Deed recording and transferassumed Typical CA recording and deed issuance cost.: −$250
Holding costs (11 months)assumed Taxes, insurance, and securing the property at ~$1,854/month.: −$20,394
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$370,800
Maximum bid: $740,676

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. No post-sale redemption. The owner's right ends at 5pm on the last business day before the sale, so the deed conveys without that overhang.
California assesses at full cash value, but Proposition 13 fixes the base year and factors it forward at up to 2%/yr. On a long-held parcel the assessed value can sit far below market, so an ARV derived from it understates the property — get comparable sales before bidding.

2052 Shipway Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

2052 Shipway Ave

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Los Angeles County rules

Historical comps

Verify before you bid