NOT LISTED FOR SALE

225 Granada Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,614,000 - $1,945,000

5 Beds
2 Baths
2,389 Sq Ft
$736/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $1,300,000 $544 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $10,694/month

9 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • No HOA
  • Lowell Elementary School Rated A-
  • Spanish Architecture
  • 4-minute walk to Livingston Drive Park

About This Home

As of March 2021

First time on the market in 82 years! Large Duplex, just a 1/2 block North of 2nd St. Upstairs is a 3 Bedroom 1 Bath; and Downstairs a 2 Bedroom 1 Bath. There is a Double Car Garage access from the alley in rear. High ceilings, Formal Dining room, Hardwood floors, mock fireplace, Inside Laundry. Kitchens and Baths have original Spanish tile detail. Private patio for your BBQ's in backyard. Enjoy the Shore Lifestyle and walk to 2nd St., beach or bay.

Last Agent to Sell the Property

Mark Kachigan

Pabst, Kinney & Associates License #00644779 Listed on: 02/07/2021

Last Buyer's Agent

Dick Caley

Coastal Equities License #01700559

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,599

Year Built

  • Built in 1931

Lot Details

  • 2,632 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Duplex
  • Spanish Architecture
  • Additions or Alterations
  • Stucco

Interior Spaces

  • 2,389 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 40 / 20
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249032029

Community Details

Overview

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

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,547
  • Pest Control $762
  • Water Sewer Expense $800
  • New Taxes Expense $15,000
  • Operating Expense $16,560
  • Gross Income $56,340
  • Net Operating Income $38,655

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,599

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: No
  • Water Sewer Expenses: 800.00
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Condition: Additions/Alterations
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7249032029
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 544.16

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Inside
  • Pest Control Expense: 762.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Walkstreet
  • Lot Size Sq Ft: 2632.00
  • Lot Size Acres: 0.0604

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 56340.00
  • Gross Multiplier: 23.10
  • Gross Operating Income: 55215.00
  • Gross Scheduled Income: 56340.00
  • Insurance Expense: 1547.00
  • Lot Size Area: 2632.0000 Square Feet
  • Net Operating Income: 38655.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 16560.00
  • Operating Expense Percent: 30.00
  • Other Income Description: *Expenses are estimated!
  • Rent Control: Yes
  • Total Actual Rent: 4695.00
  • Total Expenses: 16560.00
  • Vacancy Allowance: 1125
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: 20
  • Tax Census Tract: 5774.00
  • Tax Lot: 40
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 15, 2015
Sold by
Gallup Jason H
Bought by
Gallup Jason H and Jason H Gallup Living Trust
Current Estimated Value
$1,759,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$181,152
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,578,180

Purchase Details

Closed on
Jul 18, 2013
Sold by
Gallup Jason Hicks
Bought by
Gallup Jason H and Jason H Gallup Living Trust

Purchase Details

Closed on
Feb 22, 2013
Sold by
Gallup Robert H
Bought by
Gallup Robert H and Robert H Gallup Living Trust

Purchase Details

Closed on
Jun 19, 2012
Sold by
Gallup Thomas G and Gallup Robert H
Bought by
Gallup Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2007
Sold by
Gallup Richard G and Gallup Family Trust
Bought by
Gallup Richard G and Gallup Family Trust

Purchase Details

Closed on
Aug 1, 2006
Sold by
Gallup Richard G and Richard G Gallup Family Trust
Bought by
Gallup Richard G and Gallup Family Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gallup Jason H -- None Available
Gallup Jason H -- First American Title Company
Gallup Jason H -- None Available
Gallup Robert H -- None Available
Gallup Robert H -- None Available
Gallup Richard G -- None Available
Gallup Richard G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallup Jason H $230,000
Previous Owner Gallup Robert H $16,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold $1,300,000 +0.1% $544 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
02/07/2021 02/07/21 For Sale $1,299,000 -- $544 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,599 $1,407,159 $914,654 $492,505
2024 $17,599 $1,379,569 $896,720 $482,849
2023 $17,308 $1,352,520 $879,138 $473,382
2022 $16,233 $1,326,000 $861,900 $464,100
2021 $1,477 $87,366 $56,818 $30,548
2020 $1,472 $86,471 $56,236 $30,235
2019 $1,456 $84,777 $55,134 $29,643
2018 $1,375 $83,115 $54,053 $29,062
2016 $1,252 $79,890 $51,955 $27,935
2015 $1,210 $78,691 $51,175 $27,516
2014 $1,214 $77,150 $50,173 $26,977
Source: Public Records

Agents Affiliated with this Home

  • Mark Kachigan

    Seller's Agent in 2021

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    2 in this area

    35 Total Sales

    Mark Kachigan
    Section Image
  • Dick Caley

    Buyer's Agent in 2021

    Dick Caley

    Coastal Equities

    (562) 221-0410

    3 in this area

    38 Total Sales

    Dick Caley
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21023249

California Regional Multiple Listing Service (CRMLS)

APN: 7249-032-029

California Los Angeles County Long Beach 90803 Belmont Shore

225 Granada Ave, Long Beach, CA

This home is located at 225 Granada Ave, Long Beach, CA 90803 since 07 February 2021 and is currently estimated at $1,759,332, approximately $736 per square foot. This property was built in 1931. 225 Granada Ave is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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