249 Grand Avenue
249 Grand Avenue
Description
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...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.
- Listed by Stephen Takahashi • DRE #01944770 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-403-9145
- Listed by John Stiegler II • DRE #01981597 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 249 Grand Avenue
Location
Property Details for 249 Grand Avenue
| Status | Active |
|---|---|
| MLS # | SB24056646 |
| Days on Market | 43 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1930 |
| County | Los Angeles County |
Location
Building Information for 249 Grand Avenue
Payment Calculator
$12,207 per month
30 year fixed, 7.25% Interest
$10,888
$1,319
$0
Property Information for 249 Grand Avenue
- Tenant Pays: All Utilities
- Gross Income: $102,600
- Gross Scheduled Income: $102,600
- Net Operating Income: $64,933
- Operating Expense: $34,589
- New Taxes Expense: $25,527
- Gardener Expense: $1,200
- Insurance Expense: $3,758
- Maintenance Expense: $4,104
- Trash Expense: $0
- Total Expenses: $34,589
- Tax Block: E
- Tax Tract Number: 577...
- Tax Census Tract: 5772.00
- CFD/Mello-Roos Fee: $703
- Tax Lot: 14
- Community Features: Biking, Watersports, Urban
- Laundry: Yes
- Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
- Heating Type: Other
- Heating: See Remarks
- Heat Equipment: Other/Remarks
- Entry Location: Front
- Property Condition: Updated/Remodeled
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 2-5 Units/Acre, Rectangular Lot
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 3
- Parking: Yes
- Parking Garage Spaces: 3
- Carport Spaces: 3
- Parking Features: Garage Faces Rear
- Builders Tract Name: Belmont Heights
- Builders Tract Code: Belmont Heights (BH)
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,100
- Unit Type Total Rent: $3,100
- Unit Type Pro Forma: 3850
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,900
- Unit Type Total Rent: $2,900
- Unit Type Pro Forma: 3650
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,550
- Unit Type Total Rent: $2,550
- Unit Type Pro Forma: 2600
- Unit Type Type: 3
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 3
- Number Of Separate Gas Meters: 3
- Number Of Separate Water Meters: 3
Property History for 249 Grand Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 249 Grand Avenue
Schools near 249 Grand Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Fremont Elementary School PublicK to 5 | ||
Rogers Middle School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Richard D. Browning High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Stephen Takahashi, DRE #01944770; Lyon Stahl Investment Real Estate, Inc., John Stiegler II, DRE #01981597
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.