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259 Park Ave, Long Beach, CA 90803
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259 Park Ave Long Beach, CA 90803

$1,680,000 Sold Price as of 08/07/2023
  • 6 Beds
  • 3 Baths
  • 2,802 Sq.Ft.
Sold
$1,680,000 Sold Price as of 08/07/2023 Refinance Your Mortgage
Map preview of 259 Park Ave, Long Beach, CA 90803

Property Overview: 259 Park Ave Long Beach, CA has 6 bedrooms, 3 bathrooms, 2,802 living square feet and 6,334 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Charming Spanish Style Duplex located in the Estate Section of Belmont Heights! First time on the market in 37 Years! This pride of ownership duplex sits on a large 6,334 square foot lot, and features two identical and spacious 3 Bed, 1.5 bath units, (appox. 1,400 SF each) and 4 single car garages, with additional surface parking behind the garages. Each unit features beautiful coved ceilings, large living room, dining room, 3 bedrooms, full bathroom with separate tub and shower, and half bath with toilet and sink off the kitchen. Lower unit recently remodeled with luxury vinyl plank flooring, new kitchen cabinets and quartz countertops, new stainless steel refrigerator, fresh paint job throughout and new fixtures. This property is truly unique with vintage charm and coveted architectural style. Furthermore, the 4 single car garages can easily be converted to a large ADU unit, potentially further increasing the rental income and property value. Double wide alley which is extremely rare for Belmont Heights/Belmont Shore. This is an amazing investment opportunity for any investor or owner occupant buyer. Just a short distance to award winning schools, shopping and dining in Belmont Shore, Alamitos Bay and the Beach. An amazing investment opportunity for the savvy investor or owner occupant!

Listed by Spencer Pabst | BRE #01849377 | Pabst, Kinney & Associates
Last checked: 9 seconds ago | Last updated: August 7th, 2023 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
6,334
HOA Dues
$0/mo
Year built
1928
Garage
4 Car
Property Type:
Duplex
Status
Sold
MLS#
PW23096543
City
Long Beach
County
Los Angeles
Time on Site
348 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: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,800
  • Net Operating Income: $79,800
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 259 Park Ave

Interior Features
Laundry Information
  • Has Laundry
  • In Garage
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Rectangular Lot, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 7250011022
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: Broadway to Park Ave.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 259 Park Ave

Last sold for $1,680,000 on August 7th, 2023

  • August, 2023

  • Aug 7, 2023

    Date

    Sold

    CRMLS: PW23096543

    $1,680,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: PW23096543

    $1,799,000

    Price

  • February, 2023

  • Feb 24, 2023

    Date

    Canceled

    CRMLS: PW23018092

    $1,799,000

    Price

  • Feb 4, 2023

    Date

    Active

    CRMLS: PW23018092

    $1,949,000

    Price

  • Listing provided courtesy of CRMLS

    $150,000 Price Reduction! Amazing Opportunity! Charming Spanish Style Duplex located in the Estate Section of Belmont Heights! First time on the market in 37 Years! This pride of ownership duplex sits on a large 6,334 square foot lot, and features two identical and spacious 3 Bed, 1.5 bath units, (appox. 1,400 SF each) and 4 single car garages. Each unit features beautiful coved ceilings, large living room, dining room, 3 bedrooms, full bathroom with separate tub and shower, and half bath with toilet and shower off the kitchen. This property is truly unique with vintage charm and coveted architectural style. Bottom unit is vacant allowing a new investor/buyer endless opportunities to renovate and make their own. Furthermore, the 4 single car garages can easily be converted to a large ADU unit, potentially further increasing the rental income and property value. This is an amazing investment opportunity for any investor or owner occupant buyer. Just a short distance to award winning schools, shopping and dining in Belmont Shore, Alamitos Bay and the Beach. An amazing investment opportunity for the savvy investor or owner occupant!

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Tax History for 259 Park Ave

Assessed Value (2020): $662,494
Year Land Value Improved Value Assessed Value
2020 $423,969 $238,525 $662,494

Home Value Compared to the Market

This property vs the competition

259 Park Ave sold on August 7, 2023 for 124.88% 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 $642.04 per/sqft which puts the price per square foot 1.59% higher than the current median sale per square foot for the city of Long Beach.

About 259 Park Ave

Detailed summary of property

259 Park Ave is a duplex that recently sold in Long Beach, CA 90803. This duplex offered 6 bedrooms, 3 bathrooms, roughly 2,802 living square feet, and sits on an approximately 6,334 square foot lot. 259 Park Ave was first listed on ArdentRealEstateGroup.com on June 6, 2023. The homeowner sold the property for $1,680,000. 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 124.88% higher than the current median priced home. Local homes that are currently for sale include 2221 Granada Ave, 1717 Temple Ave and 1717 Temple Ave. While the average home in Long Beach, CA is selling in 51 days, 259 Park Ave has a days on market of 26 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 259 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 259 Park Ave

Public county record property details
Beds
6
Baths
2
Year built
1928
Sq. Ft.
2,802
Lot Size
6,334
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7250-011-022

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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(714) 706-1823

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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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