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Sold for $1,750,000
  • Listed by: Lyon Stahl Investment Real Estate, Inc. • Stephen Takahashi • Contact: 310-403-9145
    Bought with: Leonardo H. Ramil, Broker
    $1,750,000

    249 Grand Ave, Long Beach, CA 90803

    5beds
    3baths
    3,132sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $1,853,200 Zestimate®
    $559/sqft
    $4,003 Estimated rent

    Home value

    $1,853,200

    $1.70M - $2.02M

    $4,003/mo

    Zestimate® history
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    What's special

    249 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen Takahashi DRE #01944770 310-403-9145,

    Lyon Stahl Investment Real Estate, Inc.,

    John Stiegler II DRE #01981597,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Leonardo Ramil, DRE #01045812

    Leonardo H. Ramil, Broker

    Source: CRMLS,MLS#: SB24056646MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • See Remarks
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,132
    • Total interior livable area: 3,132 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Garage Faces Rear
    • Garage spaces: 3
    • Carport spaces: 3
    • Covered spaces: 6
    Features
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 6,522 Square Feet
    • Features: 2-5 Units/Acre, Rectangular Lot
    Details
    • Parcel number: 7255010015
    • Zoning: LBR1N
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Urban, Water Sports
    • Subdivision: Belmont Heights (Bh)
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $559/sqft
    • Tax assessed value: $1,785,000
    • Annual tax amount: $23,475
    • Date on market: 3/21/2024
    • Cumulative days on market: 73 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    6/24/2024Sold$1,750,000+2.9%$559/sqft
    Source: CRMLS #SB24056646 Report a problem
    6/4/2024Contingent$1,700,000$543/sqft
    Source: CRMLS #SB24056646 Report a problem
    5/16/2024Price change$1,700,000-10.5%$543/sqft
    Source: CRMLS #SB24056646 Report a problem
    5/6/2024Price change$1,900,000-4.8%$607/sqft
    Source: CRMLS #SB24056646 Report a problem
    3/21/2024Listed for sale$1,995,000+12.3%$637/sqft
    Source: CRMLS #SB24056646 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    5/30/2019Listing removed$1,776,000$567/sqft
    Source: Owner Report a problem
    5/25/2019Listed for sale$1,776,000+4.5%$567/sqft
    Source: Owner Report a problem
    3/7/2019Listing removed$1,700,000$543/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    3/1/2019Price change$1,700,000-4.2%$543/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    2/22/2019Price change$1,775,000-6.6%$567/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    12/27/2018Listed for sale$1,900,000$607/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    11/16/2018Listing removed$1,900,000$607/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    10/25/2018Listed for sale$1,900,000+81.8%$607/sqft
    Source: Coldwell Banker Commercial #PW18258506 Report a problem
    5/30/2013Sold$1,045,000+7.8%$334/sqft
    Source: Public Record Report a problem
    7/16/2010Listing removed$969,000$309/sqft
    Source: Keller Williams Coastal Properties I #P728350 Report a problem
    6/15/2010Listed for sale$969,000-19.3%$309/sqft
    Source: Keller Williams Coastal Properties I #P728350 Report a problem
    4/29/2009Listing removed$1,200,000$383/sqft
    Source: Listhub #P662889 Report a problem
    11/1/2008Listed for sale$1,200,000$383/sqft
    Source: Listhub #P662889 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,475 +45.9%$1,785,000 +44%
    2024$16,096 +1.7%$1,239,780 +2%
    2023$15,827 +6.6%$1,215,472 +2%
    2022$14,854 +2%$1,191,641 +2%
    2021$14,559 +0.3%$1,168,277 +1%
    2020$14,521 $1,156,298 +2%
    2019$14,521 +3.9%$1,133,627 +2%
    2018$13,972 $1,111,400 +2%
    2017$13,972 +1.1%$1,089,608 +2%
    2016$13,826 +7.6%$1,068,244 +2.2%
    2015$12,849 +3.2%$1,045,000 -0.5%
    2014$12,445 $1,049,744 +149.9%
    2012-- $420,128 +2%
    2011-- $411,891 +0.8%
    2010-- $408,813 +1.8%
    2008-- $401,751 +2%
    2007-- $393,875 +2%
    2006-- $386,153 +4%
    2004-- $371,160 +1.9%
    2003-- $364,359 +6.1%
    2000-- $343,347
    Find assessor info on the county website

    Neighborhood: Belmont Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,853,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,853,200