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166 Park Ave, Long Beach, CA 90803
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166 Park Ave Long Beach, CA 90803

$1,085,000 Sold Price as of 08/20/2019
  • 5 Beds
  • 2 Baths
  • 1,974 Sq.Ft.
Sold
$1,085,000 Sold Price as of 08/20/2019 Refinance Your Mortgage
Map preview of 166 Park Ave, Long Beach, CA 90803

Property Overview: 166 Park Ave Long Beach, CA has 5 bedrooms, 2 bathrooms, 1,974 living square feet and 2,895 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Spanish style duplex in popular Belmont Shore. Only blocks away from the beach and the shops, restaurants and services of "The Shore" make this both a home, investment and a lifestyle. One of the few streets in the area with grass parkway in front, leads to a tiled patio with beautiful palm trees and garden planters. The downstairs front unit is a 3 bedroom, 1 bath residence with hardwood floors and coved ceilings throughout. The living room greets you with a fireplace and original arched windows that provide both light and design. Windows are have custom wooden shutters. The formal dining room is served through an arched entry and opens to the kitchen. The kitchen has been expanded and remodeled with wood cabinets, granite counters and recessed lighting. Laundry is kitchen adjacent. The hallway with builtin cabinets takes you to the three bedrooms, each with nice sized closets, ceiling fans and newer windows. The upstairs unit is a 2 bedroom and 1 bath residence. The living room features large windows, hardwood floors and a faeux fireplace with adjacent built in cabinetry. Both bedrooms have walk in closets with builtin drawer cabinets. The bathroom is upgraded with a tiled shower, pedestal sink and upper and lower cabinets. The hallway provides added storage with closet and drawer cabinets. The kitchen and adjacent dining room have new cabinets, builtin features and tiled counters. The property includes 2 single garages, one with laundry. Additional parking behind garages.

Listed by Greg Bingham | BRE #01309137 | Coldwell Banker Res. Brokerage
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
2,895
HOA Dues
$0/mo
Year built
1925
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19118768
City
Long Beach
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.6%
  • Gross Rent Multiplier: 22.7
  • Gross Scheduled Income: $55,000
  • Net Operating Income: $45,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $9,200
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $15,000
  • Trash: $400
  • Insurance: $1,400
  • Water/Sewer: $400

Property Details for 166 Park Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, In Kitchen, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room, Gas
Room Information
  • Flooring: Carpet, Wood
Kitchen Information
  • Has Appliances
  • Electric Range, Disposal, Gas Water Heater, Water Heater
Interior Features
  • Ceiling Fan(s), Coffered Ceiling(s), Copper Plumbing Full, Crown Molding, Granite Counters, Recessed Lighting
  • Levels: Two
  • Window Features: Plantation Shutters
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7247001012
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Foundation Details: Pillar/Post/Pier, Raised
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: 2nd St / South on Park Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 166 Park Ave

Last sold for $1,085,000 on August 20th, 2019

  • August, 2019

  • Aug 21, 2019

    Date

    Canceled

    CRMLS: PW19119620

    $1,150,000

    Price

  • Jul 16, 2019

    Date

    Active Under Contract

    CRMLS: PW19119620

    $1,150,000

    Price

  • Jul 5, 2019

    Date

    Price Change

    CRMLS: PW19119620

    $1,150,000

    Price

  • Jun 13, 2019

    Date

    Price Change

    CRMLS: PW19119620

    $1,195,000

    Price

  • May 22, 2019

    Date

    Active

    CRMLS: PW19119620

    $1,250,000

    Price

  • Listing provided courtesy of CRMLS

    Spanish style duplex in popular Belmont Shore. Only blocks away from the beach and the shops, restaurants and services of "The Shore" make this both a home, investment and a lifestyle. One of the few streets in the area with grass parkway in front, leads to a tiled patio with beautiful palm trees and garden planters. The downstairs front unit is a 3 bedroom, 1 bath residence with hardwood floors and coved ceilings throughout. The living room greets you with a fireplace and original arched windows that provide both light and design. Windows are have custom wooden shutters. The formal dining room is served through an arched entry and opens to the kitchen. The kitchen has been expanded and remodeled with wood cabinets, granite counters and recessed lighting. Laundry is kitchen adjacent. The hallway with builtin cabinets takes you to the three bedrooms, each with nice sized closets, ceiling fans and newer windows. The upstairs unit is a 2 bedroom and 1 bath residence. The living room features large windows, hardwood floors and a faux fireplace with adjacent built in cabinetry. Both bedrooms have walk in closets with builtin drawer cabinets. The bathroom is upgraded with a tiled shower, pedestal sink and upper and lower cabinets. The hallway provides added storage with closet and drawer cabinets. The kitchen and adjacent dining room have new cabinets, builtin features and tiled counters. The property includes 2 single garages, one with laundry. Additional parking behind garages.

  • August, 2019

  • Aug 21, 2019

    Date

    Sold

    CRMLS: PW19118768

    $1,085,000

    Price

  • Jul 16, 2019

    Date

    Active Under Contract

    CRMLS: PW19118768

    $1,150,000

    Price

  • Jul 5, 2019

    Date

    Price Change

    CRMLS: PW19118768

    $1,150,000

    Price

  • Jun 13, 2019

    Date

    Price Change

    CRMLS: PW19118768

    $1,195,000

    Price

  • May 21, 2019

    Date

    Active

    CRMLS: PW19118768

    $1,250,000

    Price

  • August, 2019

  • Aug 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,085,000

    Price

  • January, 2002

  • Jan 30, 2002

    Date

    Sold (Public Records)

    Public Records

    $546,000

    Price

Show More

Tax History for 166 Park Ave

Assessed Value (2020): $1,085,000
Year Land Value Improved Value Assessed Value
2020 $800,000 $285,000 $1,085,000

Home Value Compared to the Market

This property vs the competition

166 Park Ave sold on August 20, 2019 for 43.75% 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 $582.57 per/sqft which puts the price per square foot 7.82% lower than the current median sale per square foot for the city of Long Beach.

About 166 Park Ave

Detailed summary of property

166 Park Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,974 living square feet, and sits on an approximately 2,895 square foot lot. 166 Park Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,085,000. 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 43.75% higher than the current median priced home. Local homes that are currently for sale include 1125 E 17th St, 702 Cedar Ave and 1044 Cedar Ave. While the average home in Long Beach, CA is selling in 51 days, 166 Park Ave has a days on market of 55 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 166 Park Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 166 Park Ave

Public county record property details
Beds
5
Baths
2
Year built
1925
Sq. Ft.
1,974
Lot Size
2,889
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
7247-001-012

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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