229 Granada Ave, Long Beach, CA 90803
Image 2 for 229 Granada Ave, Long Beach, CA 90803
Image 3 for 229 Granada Ave, Long Beach, CA 90803
View Photos

229 Granada Ave Long Beach, CA 90803

$3,000,000 Sold Price as of 12/09/2021
  • 5 Beds
  • 5 Baths
  • 3,939 Sq.Ft.
Sold
$3,000,000 Sold Price as of 12/09/2021 Refinance Your Mortgage

Map preview of 229 Granada Ave, Long Beach, CA 90803

Property Overview: 229 Granada Ave Long Beach, CA has 5 bedrooms, 5 bathrooms, 3,939 living square feet and 2,625 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a 5-unit multifamily property located at 229 Granada Avenue located in Long Beach, CA. Built in 2020, the subject property consists of 3,939 rentable square feet spread throughout a 2,625 square foot lot. The building consists of one studio unit, three 2-story studio loft units, and one 2-bedroom / 1-bathroom unit. It contains two garages and four private balconies for tenants. The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, mechanized Garages, vinyl floors, mini-split A/C, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements. Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
2,625
HOA Dues
$0/mo
Year built
1953
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21194672
City
Long Beach
County
Los Angeles
Time on Site
1014 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,268
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $8,650
  • Pro Forma/Market Rent: $3,114
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,350
  • Total Rent: $3,350
  • Pro Forma/Market Rent: $3,618
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $169,200
  • Net Operating Income: $113,585
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $55,339
  • Electric: $400
  • Gas/Fuel: $400
  • Trash: $0
  • Insurance: $1,800
  • Professional Management: $8,439
  • Water/Sewer: $400

Property Details for 229 Granada Ave

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Washer Included
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 7249032024
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Septic Type Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Park (BP)
  • Directions: Make a right off of E The Toledo onto Granada Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Loading...

Sale History for 229 Granada Ave

Last sold for $3,000,000 on December 9th, 2021
  • September, 2021

  • Sep 7, 2021

    Date

    Active

    CRMLS: PW21194672

    $3,000,000

    Price

  • November, 2020

  • Nov 13, 2020

    Date

    Sold

    CRMLS: PW20182501

    $3,000,000

    Price

  • Oct 31, 2020

    Date

    Pending

    CRMLS: PW20182501

    $3,100,000

    Price

  • Oct 15, 2020

    Date

    Price Change

    CRMLS: PW20182501

    $3,100,000

    Price

  • Sep 4, 2020

    Date

    Active

    CRMLS: PW20182501

    $3,150,000

    Price

  • Listing provided courtesy of CRMLS

    229 Granada Lofts are the newest complex in Long Beach and a superior example of Class-A coastal modern luxury apartment homes, located in the highly sought-after sub-market of Belmont Shore. Each of these five apartment homes boast expansive and open floor-plans, masterfully designed by Grisafe Architects, furnished with lively designer fixtures, an abundance of natural light, and 4 of the 5 units enjoy private outdoor living spaces. The impeccably constructed asset offers a truly rare opportunity to acquire an essentially new construction complex, with only 3 exterior walls left untouched, nearly two dozen new structural footings, 2 new garages, a completely new addition of the 3rd Story consisting of 3 Lofts for each of the 2nd Floor Apartments. Additionally, the 100% all new building systems include plumbing, electrical, mechanical (mini-split air conditioning & heating units for each apartment), 2” main water line, fire sprinklers (an added life-safety & insurance benefit), and new individual meters for gas and electric. Other building features include washer & dryers in-unit, LED lighting throughout, fully insulated walls, and energy-star appliances, ensuring the asset will enjoy lower than average maintenance costs for several years. The Granada lofts are achieving market setting rents per square foot, with several applications received for each unit, and prime for incremental future face rent and yield growth.

  • November, 2020

  • Nov 12, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,000,000

    Price

  • October, 2020

  • Oct 15, 2020

    Date

    Leased

    CRMLS: PW20191335

    $3,200

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: PW20191335

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal two-story apartment loft in highly sought after Belmont Shore. This unique two-story loft boasts an expansive and open floor-plan, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. This second-floor unit also includes a private rooftop deck, accessible from inside the unit in the loft. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. Street parking is ample on Granada to the North of 2nd Street. Pets welcome! Move-in specials on approved credit!

  • September, 2020

  • Sep 14, 2020

    Date

    Leased

    CRMLS: PW20168120

    $3,150

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: PW20168120

    $3,150

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal apartment home in highly sought after Belmont Shore. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. This five-unit complex boasts expansive and open floor-plans, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. This ground-floor unit also includes a sliding glass door in the living room to a private patio. In addition to this 2 bedroom apartment home, there are 1br units available, all of which have their own private balcony or roof top-deck, as well as a second-floor loft. Street parking is ample on Granada to the North of 2nd Street, although garage parking with smartphone-controlled access is available for an additional fee on a first-come, first-serve basis. Pets welcome!

  • September, 2020

  • Sep 10, 2020

    Date

    Leased

    CRMLS: PW20168144

    $3,400

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: PW20168144

    $3,200

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal apartment home in highly sought after Belmont Shore. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. This five-unit complex boasts expansive and open floor-plans, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. This second-floor unit also includes a private rooftop deck, accessible from inside the unit in the loft. In addition to this large 1 bedroom loft, there are two smaller 1br lofts, a Studio unit, and a 2br apartment home available, several of which have their own private balcony or roof top-deck, and/or also have a second-floor loft. Street parking is ample on Granada to the North of 2nd Street, although garage parking with smartphone-controlled access is available for an additional fee on a first-come, first-serve basis. Pets welcome!

  • September, 2020

  • Sep 9, 2020

    Date

    Leased

    CRMLS: PW20168137

    $2,750

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: PW20168137

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal apartment home in highly sought after Belmont Shore. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. This five-unit complex boasts expansive and open floor-plans, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. This second-floor unit also includes a private rooftop deck, accessible from inside the unit in the loft. In addition to this 1 bedroom loft, there is a larger 1br loft, and a 2br apartment home available, all of which have their own private balcony or roof top-deck, and/or also have a second-floor loft. Street parking is ample on Granada to the North of 2nd Street, although garage parking with smartphone-controlled access is available for an additional fee on a first-come, first-serve basis. Pets welcome!

  • September, 2020

  • Sep 2, 2020

    Date

    Leased

    CRMLS: PW20168133

    $2,700

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: PW20168133

    $2,700

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal apartment home in highly sought after Belmont Shore. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. This five-unit complex boasts expansive and open floor-plans, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. This second-floor unit also includes a private rooftop deck, accessible from inside the unit in the loft. In addition to this 1 bedroom loft, there is a larger 1br loft, and a 2br apartment home available, all of which have their own private balcony or roof top-deck, and/or also have a second-floor loft. Street parking is ample on Granada to the North of 2nd Street, although garage parking with smartphone-controlled access is available for an additional fee on a first-come, first-serve basis. Pets welcome!

  • August, 2020

  • Aug 27, 2020

    Date

    Leased

    CRMLS: PW20165827

    $2,100

    Price

  • Aug 18, 2020

    Date

    Active

    CRMLS: PW20165827

    $2,100

    Price

  • Listing provided courtesy of CRMLS

    Be first to live in this newly constructed modern coastal apartment home in highly sought after Belmont Shore. The Granada Lofts are incredibly well located, offering an Ocean breeze all year round just steps from 2nd Street and the beach, while being tucked in enough for a quiet neighborhood ambiance. This five-unit complex boasts expansive and open floor-plans, lively designer fixtures, and an abundance of natural light. Amenities include brand new heating and air conditioning units, stacked washer and dryer, all new energy-efficient appliances including dishwasher and microwave, and fire sprinklers for peace of mind. In addition to this Studio, there are 1br units and a 2br unit available, each of which has their own private balcony or roof top-deck, and three of which have a second-floor loft. Photos for this listing are representative off all units at the property, not necessarily the subject unit. Street parking is ample on Granada to the North of 2nd Street, although garage parking with smartphone-controlled access is available for an additional fee on a first-come, first-serve basis. Pets welcome!

  • April, 2019

  • Apr 9, 2019

    Date

    Sold

    CRMLS: PW19030961

    $1,420,650

    Price

  • Feb 21, 2019

    Date

    Pending

    CRMLS: PW19030961

    $1,550,000

    Price

  • Feb 12, 2019

    Date

    Active

    CRMLS: PW19030961

    $1,550,000

    Price

  • Listing provided courtesy of CRMLS

    With a mid-century vibe, this 5 unit building is located in the heart of Belmont Shore. 4 studio units with Murphy beds and separate kitchens, and a 2/1 apartment unit make up this conveniently designed property. 3 parking spaces to assign, and an on-site laundry keep this building in demand with renters. Easy walk to the shops and restaurants of 2nd Street, as well as public transportation. Less than a mile to walk or bike to the beach, straight down Granada.

  • April, 2019

  • Apr 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,421,000

    Price

  • January, 2019

  • Jan 30, 2019

    Date

    Leased

    CRMLS: PW18297214

    $1,490

    Price

  • Dec 28, 2018

    Date

    Active

    CRMLS: PW18297214

    $1,490

    Price

  • Listing provided courtesy of CRMLS

    Upstairs studio apartment in the front of the building. Just half a block from vibrant 2nd Street with all the restaurants and shops, less than a mile from the beach. Easy access to public transportation, CSULB, VA Hospital, downtown Long Beach. This unit includes a full size Murphy bed, a large kitchen with room for a small dining table, refrigerator, range. Rent includes parking space and basic utilities (gas, water, electric, trash). Community laundry. Quiet building.

  • September, 2018

  • Sep 17, 2018

    Date

    Canceled

    CRMLS: PW18066631

    $1,625,000

    Price

  • Jul 7, 2018

    Date

    Price Change

    CRMLS: PW18066631

    $1,625,000

    Price

  • May 7, 2018

    Date

    Price Change

    CRMLS: PW18066631

    $1,800,000

    Price

  • Apr 23, 2018

    Date

    Price Change

    CRMLS: PW18066631

    $2,000,000

    Price

  • Mar 24, 2018

    Date

    Active

    CRMLS: PW18066631

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    In the heart of Belmont Shore, with a mid-century vibe, this building has California coolness with palm trees in front. 4 studio units, complete with Murphy beds and separate kitchens, and one 2 bed/1 bath unit. A laundry room on site and 3 parking spots to assign. Easy walk to 2nd Street for all the shops and restaurants, as well as public transportation. A leisurely stroll or bike ride straight down Granada to the beach, including Rosie's Dog Beach, makes this a great place for your tenants to live and play.

Show More

Tax History for 229 Granada Ave

Assessed Value (2020): $1,449,573
Year Land Value Improved Value Assessed Value
2020 $1,122,000 $327,573 $1,449,573

Home Value Compared to the Market

This property vs the competition

229 Granada Ave sold on December 9, 2021 for 236.32% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $761.61 per/sqft which puts the price per square foot 15.57% higher than the current median sale per square foot for the city of Long Beach.

About 229 Granada Ave

Detailed summary of property

229 Granada Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 5 bedrooms, 5 bathrooms, roughly 3,939 living square feet, and sits on an approximately 2,625 square foot lot. 229 Granada Ave was first listed on ArdentRealEstateGroup.com on September 7, 2021. The homeowner sold the property for $3,000,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 236.32% higher than the current median priced home. Local homes that are currently for sale include 1141 E 16th St, 1217 Cedar Ave and 16861 Green Ln. While the average home in Long Beach, CA is selling in 51 days, 229 Granada Ave has a days on market of 69 days. There are currently 699 homes for sale in the Long Beach real estate market and 394 of them are single family homes while 285 of them are condos and 20 are townhomes. For more information on this home for sale at 229 Granada 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 229 Granada Ave

Public county record property details
Beds
2
Baths
5
Year built
1953
Sq. Ft.
2,326
Lot Size
2,624
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
7249-032-024

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
$1,500,000
Median List Price/Sq.Ft.
$842
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$753
Total Inventory
130
Median Sale to List Price %
100.42%
Avg Days on Market
56
Loan Type
Conventional (32.14%), FHA (0%), VA (10.71%), Cash (25%), Other (32.14%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

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.