NOT LISTED FOR SALE
1 Bed
2 Baths
7,182 Sq Ft
4,572 Sq Ft Lot

Last Sold January 03, 2022

Last sale price $4,275,000 $595 Per Sq Ft

42 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Across the Road from Lake or Ocean
  • Lowell Elementary School Rated A-
  • Fishing
  • Wood Flooring

About This Home

As of January 2022

Pride of Ownership, Ten Unit, Trophy Property! Located within the highly sought after community of Belmont Shore, merely footsteps from the sand. 19 Granada is a picturesque 1930’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, large open floor plans with an abundance of natural light. Embodying a highly desirable unit blend; Six large 1 bedroom x 1 bathroom units along with Four large studios. The asset is separately metered for gas and electric and has its own large laundry room. Upper front units have beautiful heavily arched windows and ocean views. Consequently, all 10 units are in incredibly high demand, due to the buildings design, unit floor plans and proximity to the Ocean. Not only mere steps from the sand but just a short stroll to “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A+ location.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 10/01/2021

Last Buyer's Agent

Keith Kelley

Strand Hill Properties License #01810798

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931 | Remodeled

Lot Details

  • 4,572 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Paved or Partially Paved Lot

Home Design

  • Mediterranean Architecture
  • Apartment
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 7,182 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Living Room
  • Wood Flooring
  • Ocean Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Across the Road from Lake or Ocean
  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 32 / 22
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247021022

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $80,039
  • Gross Income $239,880
  • Net Operating Income $155,043

Property Details

Home Type

Multi-Family

Year Built

Built in 1931 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.52
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Zoning: LBR4R
  • Architectural Style: Mediterranean
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7247021022
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 595.24
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • View: Ocean
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Golf, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Paved, Walkstreet
  • Lot Size Sq Ft: 4572.00
  • Lot Size Acres: 0.1050

Multi Family

  • Average1 Bed Area: 864 Square Feet
  • Average Studio Area: 500 Square Feet
  • Gross Income: 239880.00
  • Gross Multiplier: 18.34
  • Gross Operating Income: 235082.00
  • Gross Scheduled Income: 239880.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 3360.00
  • Lot Size Area: 4572.0000 Square Feet
  • Net Operating Income: 155043.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 80039.00
  • Other Income1: 6000.00
  • Rent Control: Yes
  • Total Expenses: 80039.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Block: 22
  • Tax Census Tract: 5773.00
  • Tax Lot: 32
  • Tax Tract Number: 3750

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/03/2022 01/03/22 Sold $4,275,000 -2.8% $595 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/01/2021 11/01/21 Price Changed $4,400,000 -2.2% $613 / Sq Ft
10/01/2021 10/01/21 For Sale $4,500,000 -- $627 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21217548

California Regional Multiple Listing Service (CRMLS)