Seller's Agent in 2024
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
1 in this area
100 Total Sales
249 Grand Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,754,920 - $2,054,000
5
Beds
3
Baths
3,132
Sq Ft
$590/Sq Ft
Est. Value
Highlights
- Laundry Room
- Bike Trail
- Heating Available
- Fremont Elementary School Rated A
- Rectangular Lot
About This Home
As of June 2024249 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.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01944770 Listed on: 03/21/2024
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-403-9145 License #01981597
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930 | Remodeled
Lot Details
- 6,522 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 3 Carport Spaces
- Parking Available
- Rear-Facing Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,132 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Additional Features
- Urban Location
- Heating Available
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 14 / E
- Tax Tract Number 577
- Assessor Parcel Number 7255010015
- $703 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
- Belmont Heights Subdivision
Recreation
- Water Sports
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $3,758
- Maintenance Expense $4,104
- New Taxes Expense $25,527
- Operating Expense $33,407
- Gross Income $102,600
- Net Operating Income $68,603
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2024
Closed on
Jun 19, 2024
Sold by
Flaherty Heather K
Bought by
Judson Feder Living Trust and Feder
Seller's Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Leonardo Ramil
Leonardo H. Ramil, Broker
List Price
$1,995,000
Sold Price
$1,750,000
Premium/Discount to List
-$245,000
-12.28%
Views
85
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,566
Avg. Annual Appreciation
3.47%
Purchase Details
Closed on
Jul 30, 2014
Sold by
Frankies Grand Llc
Bought by
Flaherty Heather K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Feb 28, 2013
Closed on
May 9, 2013
Sold by
Gasso Jim A and Gasso Patricia M
Bought by
Frankies Grand Llc
Seller's Agent
Joseph Ammirato
Mark 1 Real Estate, Inc.
Buyer's Agent
Marna Brennan
Marna Brennan, Broker
List Price
$999,000
Sold Price
$1,045,000
Premium/Discount to List
$46,000
4.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%
Purchase Details
Closed on
Oct 26, 2001
Sold by
Gasso Jim A
Bought by
Gasso Jim A and Gasso Patricia M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.84%
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Judson Feder Living Trust | $1,750,000 | First American Title Company | |
| Flaherty Heather K | -- | Title 365 | |
| Frankies Grand Llc | -- | Accommodation | |
| Frankies Grand Llc | $1,045,000 | First American Title Company | |
| Gasso Jim A | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Flaherty Heather K | $160,000 | |
| Previous Owner | Gasso Jim A | $405,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2024 06/24/24 | Sold | $1,750,000 | +2.9% | $559 / Sq Ft | |
| 05/16/2024 05/16/24 | Price Changed | $1,700,000 | -10.5% | $543 / Sq Ft | |
| 05/06/2024 05/06/24 | Price Changed | $1,900,000 | -4.8% | $607 / Sq Ft | |
| 03/21/2024 03/21/24 | For Sale | $1,995,000 | +90.9% | $637 / Sq Ft | |
| 05/30/2013 05/30/13 | Sold | $1,045,000 | +4.6% | $340 / Sq Ft | View Prior Sale |
| 05/06/2013 05/06/13 | Pending | -- | -- | -- | |
| 02/28/2013 02/28/13 | For Sale | $999,000 | -- | $325 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $16,096 | $1,785,000 | $1,122,000 | $663,000 |
| 2024 | $16,096 | $1,239,780 | $860,143 | $379,637 |
| 2023 | $15,827 | $1,215,472 | $843,278 | $372,194 |
| 2022 | $14,854 | $1,191,641 | $826,744 | $364,897 |
| 2021 | $14,559 | $1,168,277 | $810,534 | $357,743 |
| 2020 | $14,521 | $1,156,298 | $802,223 | $354,075 |
| 2019 | $14,351 | $1,133,627 | $786,494 | $347,133 |
| 2018 | $13,972 | $1,111,400 | $771,073 | $340,327 |
| 2016 | $12,849 | $1,068,244 | $741,132 | $327,112 |
| 2015 | $12,248 | $1,045,000 | $730,000 | $315,000 |
| 2014 | $12,445 | $1,049,744 | $733,314 | $316,430 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Takahashi
-
Johnnie Stiegler
Seller Co-Listing Agent in 2024
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
1 in this area
95 Total Sales
-
Leonardo Ramil
L
Buyer's Agent in 2024
Leonardo Ramil
Leonardo H. Ramil, Broker
(714) 655-0486
2 in this area
10 Total Sales
-
J
Seller's Agent in 2013
Joseph Ammirato
Mark 1 Real Estate, Inc.
-
Marna Brennan
Buyer's Agent in 2013
Marna Brennan
Marna Brennan, Broker
(562) 621-0903
1 Total Sale
-
Mary Holmes
Buyer's Agent in 2013
Mary Holmes
Mary Holmes Realty
(916) 420-0895
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24056646
APN: 7255-010-015
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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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