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243 Nieto Ave Long Beach, CA 90803

$1,210,000 Sold Price as of 08/29/2019

5 Beds
3 Baths
2,352 Sq.Ft.

Sold

$1,210,000 Sold Price as of 08/29/2019 Refinance Your Mortgage

Map preview of 243 Nieto Ave, Long Beach, CA 90803

Property Overview: 243 Nieto Ave Long Beach, CA has 5 bedrooms, 3 bathrooms, 2,352 living square feet and 3,240 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Big remodeled duplex on big lot. UPSTAIRS: 2 Bedrooms + 1 Bath upstairs * Private trex plank deck with fire pit & heater * Remodeled kitchen with washer dryer, stove, refrigerator included in sale * Refinished wood floors, granite countertops * Unique tile bath * Newer HW heater and newer AC/heater units * Double pane windows * DOWNSTAIRS: 3 Bedrooms + 2 Baths remodeled * Newer kitchen with custom cabinets * (no permits on 3rd BR+ 2nd BA) * Rental income $2300 (month to month) * PROPERTY: 2 car garage with laundry room for lower unit * Large lot & building (2352 S.F. Bldg, 3140 S.F. lot per title co.) * Front yard patio * Large closets throughout with custom sliding doors * Bright, cheery rooms * Stainless steel appliances * Low maintenance * Next to Bay Shore Church

Listed by Larry Boren | BRE #00605203 | LB Brokerage, Inc

Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft: 3,240
HOA Dues: $0/mo
Year built: 1949
Garage: 2 Car
Property Type:: Duplex

Status: Sold
MLS#: PW19064621
City: Long Beach
County: Los Angeles
Time on Site: 1397 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 3
# of Gas Meters: 2
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,900

Unit Breakdown 2

# of Units: 1
# of Beds: 3
# of Baths: 2
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,300
Total Rent: $2,300
Pro Forma/Market Rent: $2,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $27,600
Net Operating Income: $22,800
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $4,800
Electric: $1,200
New Taxes: $16,112
Trash: $1,000
Insurance: $1,500
Water/Sewer: $600

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 243 Nieto Ave

Interior Features

Laundry Information

Has Laundry
In Garage

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 7249029015
Year Built Source: Public Records
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Belmont Shore (BSD)
Directions: North of 2nd st, South of The Toledo, one block W of Granada (next to Bay Shore Church)

Neighborhood Information

Community Features: Curbs, Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 243 Nieto Ave

Last sold for $1,210,000 on August 29th, 2019

August, 2019
Aug 29, 2019

Date

Sold

CRMLS: PW19064621

$1,210,000

Price
Jul 26, 2019

Date

Active Under Contract

CRMLS: PW19064621

$1,219,000

Price
Jul 25, 2019

Date

Active

CRMLS: PW19064621

$1,219,000

Price
Jul 12, 2019

Date

Active Under Contract

CRMLS: PW19064621

$1,219,000

Price
Jun 11, 2019

Date

Price Change

CRMLS: PW19064621

$1,219,000

Price
May 22, 2019

Date

Price Change

CRMLS: PW19064621

$1,249,000

Price
May 14, 2019

Date

Price Change

CRMLS: PW19064621

$1,274,500

Price
Mar 22, 2019

Date

Active

CRMLS: PW19064621

$1,289,000

Price
August, 2019
Aug 29, 2019

Date

Sold (Public Records)

Public Records

$1,210,000

Price
January, 2012
Jan 10, 2012

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 243 Nieto Ave

Assessed Value (2020): $1,210,000

Year	Land Value	Improved Value	Assessed Value
2020	$900,000	$310,000	$1,210,000

Home Value Compared to the Market

This property vs the competition

243 Nieto Ave sold on August 29, 2019 for 52.38% 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 $518.28 per/sqft which puts the price per square foot 17.99% lower than the current median sale per square foot for the city of Long Beach.

About 243 Nieto Ave

Detailed summary of property

243 Nieto Ave is a duplex that recently sold in Long Beach, CA 90803. This duplex offered 5 bedrooms, 3 bathrooms, roughly 2,352 living square feet, and sits on an approximately 3,240 square foot lot. 243 Nieto Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,210,000. 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 52.38% higher than the current median priced home. Local homes that are currently for sale include 1148 E Arcadia Court, 930 E 11th St and 1967 Atlantic Ave. While the average home in Long Beach, CA is selling in 51 days, 243 Nieto Ave has a days on market of 126 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 243 Nieto 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 243 Nieto Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1949
Sq. Ft.: 2,352
Lot Size: 3,240
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 34
APN: 7249-029-015

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

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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.