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1534 Grand Ave, Long Beach, CA 90804
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1534 Grand Ave Long Beach, CA 90804

$1,280,000 Sold Price as of 04/02/2021
  • 5 Beds
  • 5 Baths
  • 3,570 Sq.Ft.
Sold
$1,280,000 Sold Price as of 04/02/2021 Refinance Your Mortgage
Map preview of 1534 Grand Ave, Long Beach, CA 90804

Property Overview: 1534 Grand Ave Long Beach, CA has 5 bedrooms, 5 bathrooms, 3,570 living square feet and 6,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The perfect investment opportunity in an excellent area. "The Ravenna Building", is a 4 unit building located in the great Eastside part of Long Beach. This property offers a solid tenant base with low vacancy rates. Beautifully maintained, gated sparkling pool and a well-manicured lawn with surrounding trees. New parking asphalt. The building has been well maintained with all units in good conditions. Consisting of 3 large one-bedrooms and 1 large two-bedroom/two-bathroom townhouse with it's own private balcony, fireplace, enclosed patio and laundry closet with dishwashers in each unit- all separately metered for gas and electric. There are 4 attached garages with newly installed automatic garage door openers. Additionally, there are 4 extra off-street parking spaces, ideal for added income. This is a great opportunity for an investor looking to add-value and capture strong potential rental upside. 1534 Grand is in a prime location! Close to the beach, major retail shopping areas, CSULB, freeways, schools, Belmont Shore and Downtown Long Beach.owners might be open to sell all 3 buildings to the right buyers at $4m best offer.

Listed by Marcos Ramirez | BRE #01339740 | Keller Williams Pacific Estate
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 111

Home details

Lot Sq. Ft
6,500
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
RS20243066
City
Long Beach
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,972
  • Total Rent: $1,972
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,333
  • Total Rent: $1,333
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,333
  • Total Rent: $1,333
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1534 Grand Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Garden
  • Lot Size Source: Estimated
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7253013053
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Circle (CA)
  • Directions: Between S. PCH and N. of Anaheim St near Traffic Circle
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1534 Grand Ave

Last sold for $1,280,000 on April 2nd, 2021

  • April, 2021

  • Apr 5, 2021

    Date

    Sold

    CRMLS: RS20243066

    $1,280,000

    Price

  • Apr 1, 2021

    Date

    Pending

    CRMLS: RS20243066

    $1,299,000

    Price

  • Mar 11, 2021

    Date

    Active Under Contract

    CRMLS: RS20243066

    $1,299,000

    Price

  • Feb 27, 2021

    Date

    Price Change

    CRMLS: RS20243066

    $1,299,000

    Price

  • Feb 27, 2021

    Date

    Price Change

    CRMLS: RS20243066

    $1,299

    Price

  • Jan 24, 2021

    Date

    Price Change

    CRMLS: RS20243066

    $1,250,000

    Price

  • Jan 17, 2021

    Date

    Price Change

    CRMLS: RS20243066

    $1,275,000

    Price

  • Nov 19, 2020

    Date

    Active

    CRMLS: RS20243066

    $1,299,000

    Price

  • July, 2020

  • Jul 24, 2020

    Date

    Sold

    CRMLS: 20585554

    $1,035,000

    Price

  • Jun 24, 2020

    Date

    Active Under Contract

    CRMLS: 20585554

    $1,149,000

    Price

  • Jun 2, 2020

    Date

    Active

    CRMLS: 20585554

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    "The Ravenna Bldg", a 4 Unit building located on the Eastside part of Long Beach. The area offers a solid tenant base with low vacancy rates along with close proximity to public transit, major freeway access, shopping as well and CSULB. The bldg. has been well maintained with all units in excellent condition consisting of (3) large one-bedrooms and (1) large two-bedroom/two-bathroom townhouse with it's own private balcony, fireplace, enclosed patio and laundry closet with dishwashers in each unit- all separately metered for gas and electric. Additionally, there are 4 attached garages and 4 additional off-street parking places for added income. This is a great opportunity for an investor looking to add-value and capture strong potential rental upside.

  • July, 2020

  • Jul 8, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,035,000

    Price

Show More

Tax History for 1534 Grand Ave

Assessed Value (2020): $750,693
Year Land Value Improved Value Assessed Value
2020 $428,971 $321,722 $750,693

Home Value Compared to the Market

This property vs the competition

1534 Grand Ave sold on April 2, 2021 for 62.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $363.87 per/sqft which puts the price per square foot 42.43% lower than the current median sale per square foot for the city of Long Beach.

About 1534 Grand Ave

Detailed summary of property

1534 Grand Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,570 living square feet, and sits on an approximately 6,500 square foot lot. 1534 Grand Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,280,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 62.38% higher than the current median priced home. Local homes that are currently for sale include 1967 Atlantic Ave, 3409 Walnut Ave and 2175 Earl Ave. While the average home in Long Beach, CA is selling in 51 days, 1534 Grand Ave has a days on market of 111 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1534 Grand Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1534 Grand Ave

Public county record property details
Beds
5
Baths
5
Year built
1963
Sq. Ft.
3,570
Lot Size
2,196
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
Unit
APN
7253-013-053

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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