Long Beach, CA 90803 249 Grand Avenue

249 Grand Avenue Long Beach, Ca - Image 1249 Grand Avenue Long Beach, Ca - Image 2249 Grand Avenue Long Beach, Ca - Image 3
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Presented By: Stephen Takahashi with Lyon Stahl Investment Real Estate, Inc.; 310-403-9145
  • MLS# SB24056646
  • 03/21/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 3
  • FootageSQFT • 3,132
  • GarageGarage • 3

Home Details

249 Grand Ave is a true pride-of-ownership opportunity that has been meticulously maintained and upgraded throughout. Situated in a premier pocket of the Belmont Heights submarket, this area stands out from any other pocket of Long Beach because of the wide, tree-lined streets and low density neighborhood surrounded by single family homes. This gem features three units with a great mix of (2) 2 bedroom + 1 bath and (1) 1 bedroom + 1 bath units, all sitting on a 6,522 sqft lot! Step inside to discover stunning windows that flood the interior with natural light, highlighting the attention to detail found throughout. The current owner has installed dedicated electrical, gas and water meters for each unit. Landlord pays zero utilities. This building reflects a blend of classic charm and contemporary comfort. Additionally, there is a private patio to provide the front building tenants with a tranquil setting for relaxation or entertainment. For the upstairs units, a major capital improvement added a private deck for the tenants; quiet enjoyment. All major electrical has been replaced, as well as most of the plumbing throughout the building. With its prime location and major capital improvements, this property presents a fantastic opportunity for investors who are looking to enjoy the vibrant lifestyle that Long Beach has to offer. Please do not disturb the tenants and inquire for further information.
Presented By: Stephen Takahashi with Lyon Stahl Investment Real Estate, Inc.; 310-403-9145

Interior Features for 249 Grand Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 249 Grand Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces3.0
Carport Y/NYes
CityLong Beach
Community FeaturesBiking, Urban, WaterSports
CountyLos Angeles
Days on Market
DirectionsHead SE on E Vista then make a right on Grand Ave.
Entry LocationFront
Garage Spaces3.0
Garage Y/NYes
Gross Income102600.0
HOA / Comm AssnNo
HeatingSeeRemarks
Home Warranty Y/NNo
Insurance Expense3758.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet6522.0
MLS Area2 - Belmont Heights, Alamitos Heights
MaintenanceExpense4104.0
MobileHomeRemainsYNNo
Net Operating Income64933.0
New ConstructionNo
Operating Expense34589.2
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGrand
Subdivision NameBelmont Heights (BH)
Tax Lot14
Taxes$25,527
Tenant PaysAllUtilities
Total Units3
Trash Expense0.0
View Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceAssessor
ZoningLBR1N

Exterior for 249 Grand Avenue

Building Area Total3132.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, RectangularLot
Lot Size Acres0.1497
Lot Size Area6522.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesGarageFacesRear
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,995,000
MLS#SB24056646
List Date 03/21/2024
Property Type Multi-Family
Phone 714.964.3311
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