David Schwartz
Keller Williams Palos Verdes
(424) 368-9454
14 Total Sales
2 in Belmont Heights
$1,435,000 Price Range
249 Grand Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,596,000 - $1,803,249
5
Beds
3
Baths
3,132
Sq Ft
$545/Sq Ft
Est. Value
Highlights
- Bike Trail
- Laundry Facilities
- 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
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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
- Washer and Gas Dryer Hookup
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
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
Amenities
- Laundry Facilities
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 21, 2024
Closed on
Jun 19, 2024
Sold by
Bought by
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
-$41,938
Avg. Annual Appreciation
-1.15%
Purchase Details
Closed on
Jul 30, 2014
Sold by
Bought by
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
Bought by
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
3.80%
Purchase Details
Closed on
Oct 26, 2001
Sold by
Bought by
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%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Heights, CA
-
David Schwartz
-
Guy Miracle
Guy Miracle
Sotheby's International Realty
(323) 894-9002
35 Total Sales
1 in Belmont Heights
$1,950,000 Price
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Belmont Heights
$580,000 Price
-
Leslie Stonick
Leslie Stonick
Compass
(424) 381-0410
73 Total Sales
7 in Belmont Heights
$585K - $4M Price Range
-
Tyler Rogina
Tyler Rogina
Compass
(424) 417-6460
121 Total Sales
1 in Belmont Heights
$1,165,000 Price
-
Kelly Conley
Kelly Conley
eXp Realty of California Inc
(562) 362-4213
15 Total Sales
1 in Belmont Heights
$830,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,750,000 | First American Title Company | ||
| -- | Accommodation | ||
| -- | Title 365 | ||
| $1,045,000 | First American Title Company | ||
| -- | First American Title Ins Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $160,000 | ||
| Previous Owner | $356,200 | ||
| Previous Owner | $406,000 | ||
| Previous Owner | $405,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $23,475 | $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
Seller's Agent in 2024
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
(310) 403-9145
1 in this area
101 Total Sales
-
Johnnie Stiegler
Seller Co-Listing Agent in 2024
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
(310) 606-0939
1 in this area
102 Total Sales
-
Leonardo Ramil
L
Buyer's Agent in 2024
Leonardo Ramil
Leonardo H. Ramil, Broker
(714) 655-0486
2 in this area
11 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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24056646
APN: 7255-010-015
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.
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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