249 Grand Avenue Long Beach, CA $ 1,900,000
249 Grand Avenue
$ 1,900,000
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249 Grand Avenue

Long Beach, CA, 90803
$ 1,900,000
Bedrooms5 Baths3.0 Sq 3,132

Monthly Estimate*

$ 13,272

Listed by Lyon Stahl Investment Real Estate, Inc.
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Multi-Family Home for sale in Long Beach, CA

for $1,900,000 with 5 bedrooms and 3 full baths. This 3,132 square foot home was built in 1930 on a lot size of 0.1497.

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.

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Multi-Family Active

Price

$ 1,900,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1497

Year Built

1930

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24056646

Days on Market

54

Features
General
Sewer PublicSewer
Heating SeeRemarks
Zoning LBR1N
Garage Spaces 3.0
Pool Features None
Year Built 1930
Tenant Pays AllUtilities
Property SubType Apartment
Gross Income 102600.0
Community Features Biking Urban WaterSports
County Los Angeles
Net Operating Income 66115.0
Operating Expense 33407.1
Insurance Expense 3758.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Belmont Heights (BH)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Head SE on E Vista then make a right on Grand Ave.
City Long Beach
Entry Location Front
View Y/N N
Senior Community Y/N N
Total Units 3
MLS Area 2 - Belmont Heights Alamitos Heights
Lot Size Square Feet 6522.0
Private Pool N
Waterfront Y/N N
Carport Spaces 3.0
Carport Y/N Y
Street Name Grand
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 46
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 14
Property Sub Type Additional Apartment
Taxes 25527.0
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Exterior
Parking Features GarageFacesRear
Lot Features Item25UnitsAcre RectangularLot
Water Source Public
Total Parking 6.0
Lot Size Area 6522.0
Number of Buildings 2
Spa N
Building Area Total 3132.0
Lot Size Acres 0.1497
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 249
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 491-7916

Phone

Affordability Calculator

$13,272
Per Month
100%
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Monthly Principal & Interest
$13,272
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2024$1,900,000 -4.76% Price Down
3/21/2024$1,995,000 Listed Price

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249 Grand Avenue, Long Beach, CA, 90803 is a Multi-Family Home for sale at $1,900,000 with 3,132 sqft and a lot size of 0.1497. 249 Grand Avenue has 5 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 90803 which is in Long Beach, CA