Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
41 Total Sales
229 Granada Ave Long Beach, CA 90803
Belmont Shore Neighborhood
3
Beds
3
Baths
3,939
Sq Ft
2,625
Sq Ft Lot
Highlights
- Laundry Room
- 2 Car Garage
- 4-minute walk to Livingston Drive Park
- Lowell Elementary School Rated A-
About This Home
As of December 2021We are pleased to present a 5-unit multifamily property located at 229 Granada Avenue located in Long Beach, CA. Built in 2020, the subject property consists of 3,939 rentable square feet spread throughout a 2,625 square foot lot. The building consists of one studio unit, three 2-story studio loft units, and one 2-bedroom / 1-bathroom unit. It contains two garages and four private balconies for tenants.
The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, mechanized Garages, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements.
Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/07/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 2,625 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
Home Design
- 3,939 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 36 / 20
- Tax Tract Number 3885
- Assessor Parcel Number 7249032024
- $749 per year additional tax assessments
Community Details
Overview
- 5 Units
- Belmont Park Subdivision
Building Details
- Electric Expense $400
- Fuel Expense $400
- Insurance Expense $1,800
- Professional Management Expense $8,439
- Water Sewer Expense $400
- Operating Expense $55,339
- Gross Income $174,000
- Net Operating Income $113,585
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2021 12/09/21 | Sold | $3,000,000 | 0.0% | $762 / Sq Ft | |
| 11/15/2021 11/15/21 | Pending | -- | -- | -- | |
| 09/07/2021 09/07/21 | For Sale | $3,000,000 | 0.0% | $762 / Sq Ft | |
| 11/12/2020 11/12/20 | Sold | $3,000,000 | -3.2% | $762 / Sq Ft | View Prior Sale |
| 10/28/2020 10/28/20 | Pending | -- | -- | -- | |
| 10/15/2020 10/15/20 | Price Changed | $3,100,000 | -1.6% | $787 / Sq Ft | |
| 09/04/2020 09/04/20 | For Sale | $3,150,000 | -- | $800 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $41,387 | $3,183,623 | $1,910,174 | $1,273,449 |
| 2024 | $39,624 | $3,121,200 | $1,872,720 | $1,248,480 |
| 2023 | $38,962 | $3,060,000 | $1,836,000 | $1,224,000 |
| 2022 | $36,530 | $3,000,000 | $1,800,000 | $1,200,000 |
| 2021 | $36,538 | $3,000,000 | $1,800,000 | $1,200,000 |
| 2019 | $15,628 | $1,230,447 | $1,024,485 | $205,962 |
| 2018 | $15,258 | $1,206,332 | $1,004,398 | $201,934 |
| 2016 | $14,049 | $1,159,000 | $965,397 | $193,603 |
| 2015 | $13,481 | $1,141,591 | $950,896 | $190,695 |
| 2014 | $13,393 | $1,119,230 | $932,270 | $186,960 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Matthew Firth
Seller's Agent in 2020
Matthew Firth
Matthew Firth, Broker
(562) 760-9447
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21194672
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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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