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262 Park Ave, Long Beach, CA 90803
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262 Park Ave Long Beach, CA 90803

$2,600,000 Sold Price as of 05/31/2019
  • 10 Beds
  • 7 Baths
  • 4,980 Sq.Ft.
Sold
$2,600,000 Sold Price as of 05/31/2019 Refinance Your Mortgage
Map preview of 262 Park Ave, Long Beach, CA 90803

Property Overview: 262 Park Ave Long Beach, CA has 10 bedrooms, 7 bathrooms, 4,980 living square feet and 6,357 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 262 Park Avenue is a 4-unit property located in the Estates Section of Belmont Heights, presenting the unique opportunity to own an income property in a phenomenal rental market with tremendous growth potential. Conveniently located blocks away from the beach, Alamitos Bay, Naples Island, East 2nd Street, and the new 2nd & PCH outdoor shopping center set to open in Summer 2019.Complete restoration of this 1920's Spanish Colonial style property with ocean views from select units features new kitchens with stamp-concrete tile, bathrooms featuring carrera-marble, new heating, plumbing, electrical, individual laundry hook-ups and hardwood floors throughout. Each unit also features one dedicated oversized garage with additional storage in each.Long Beach home sales prices have increased over 35% since January 2015, making it more difficult for home ownership and ensuring a continued strong rental market. With overall rent increases of 30% over the same time period, multi-family has

Listed by David Harrington | BRE #01320460 | Matthews Real Estate Investmen
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 136

Home details

Lot Sq. Ft
6,357
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
18413266
City
Long Beach
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,800
  • Total Rent: $3,800
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $4,250
  • Total Rent: $4,250
  • Pro Forma/Market Rent: $4,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.23%
  • Gross Rent Multiplier: 16.7
  • Gross Scheduled Income: --
  • Net Operating Income: $113,057
  • Gross Operating Income: $155,394
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 262 Park Ave

Interior Features
Cooling Information
  • No Cooling
  • Wall/Window Unit(s), None
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Electric Dryer Hookup, Washer Included
Room Information
  • Flooring: Stone, Wood
  • Master Bedroom
Kitchen Information
  • Has Appliances
  • Refrigerator, Built-In Range, Dishwasher
Interior Features
  • Balcony
  • Door Features: French Doors
Exterior Features
Exterior Information
  • Roof: Spanish Tile
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage - Single Door
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Ocean
  • Total # of Units: 4
  • Parcel Number: 7250031008
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights
  • Directions: Major cross streets are Broadway and Vista
View more facts & features

Local Long Beach Agent

Sale History for 262 Park Ave

Last sold for $2,600,000 on June 3rd, 2019

  • June, 2019

  • Jun 3, 2019

    Date

    Sold

    CRMLS: 18413266

    $2,600,000

    Price

  • May 9, 2019

    Date

    Active Under Contract

    CRMLS: 18413266

    $2,675,000

    Price

  • Feb 27, 2019

    Date

    Active

    CRMLS: 18413266

    $2,675,000

    Price

  • Feb 20, 2019

    Date

    Expired

    CRMLS: 18413266

    $2,675,000

    Price

  • Dec 5, 2018

    Date

    Active

    CRMLS: 18413266

    $2,675,000

    Price

  • June, 2019

  • Jun 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,600,000

    Price

  • March, 2019

  • Mar 25, 2019

    Date

    Canceled

    CRMLS: LG19003341

    $3,950

    Price

  • Jan 9, 2019

    Date

    Price Change

    CRMLS: LG19003341

    $3,950

    Price

  • Jan 5, 2019

    Date

    Active

    CRMLS: LG19003341

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer on the 1st floor. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd street with Hardwood floors throughout, 3 bedroom & 2 bath, in-house private laundry, New Kitchen and Baths completed with today's comforts yet old world style. Also includes a 1 and 1/2 car garage with plenty of storage.

  • January, 2019

  • Jan 17, 2019

    Date

    Canceled

    CRMLS: LG19003256

    $2,800

    Price

  • Jan 5, 2019

    Date

    Active

    CRMLS: LG19003256

    $2,800

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled 2 bedroom, 1 full & one 3/4 baths, historic charmer with Hardwood floors, stainless steel appliances and new kitchen. This back unit has a private 1 car garage with private laundry area. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd St shops & restaurants.

  • January, 2019

  • Jan 7, 2019

    Date

    Canceled

    CRMLS: LG18255804

    $4,250

    Price

  • Oct 22, 2018

    Date

    Active

    CRMLS: LG18255804

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer on the 1st floor. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd street with Hardwood floors throughout, 3 bedroom & 2 bath, in-house private laundry, New Kitchen and Baths completed with today's comforts yet old world style. Also includes a 1 and 1/2 car garage with plenty of storage.

  • November, 2018

  • Nov 19, 2018

    Date

    Canceled

    CRMLS: LG18187036

    $2,750,000

    Price

  • Aug 2, 2018

    Date

    Active

    CRMLS: LG18187036

    $2,750,000

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer located in the estates section of Belmont Height on the hill. Complete restoration of this classic Spanish 4-Plex with New Plumbing, New Heating, New Electrical, New Kitchens with Stainless Steel Appliances & New Baths. All of today's comforts yet with old world style and charm. Front Building is two units, both are 3 bedroom, 2 Bath with Laundry hook-ups in unit, approximately 1,725 sq.ft. each with tandem garages. The Back two units, both 1 bedroom with a Den that can be used as a second bedroom. Each of these back 2 units have a 1 car garage plus private laundry area.

  • July, 2018

  • Jul 7, 2018

    Date

    Leased

    CRMLS: LG18148618

    $2,650

    Price

  • Jun 21, 2018

    Date

    Active

    CRMLS: LG18148618

    $2,650

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled 2 bedroom, 1 full bath, historic charmer with Hardwood floors, stainless steel appliances and new kitchen. This back unit has a private 1 car garage with private laundry area. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd St shops & restaurants.

  • July, 2018

  • Jul 7, 2018

    Date

    Leased

    CRMLS: LG18148527

    $4,250

    Price

  • Jun 21, 2018

    Date

    Active

    CRMLS: LG18148527

    $4,250

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer on the 1st floor. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd street with Hardwood floors throughout, 3 bedroom & 2 bath, in-house private laundry, New Kitchen and Baths completed with today's comforts yet old world style. Also includes a 1 and 1/2 car garage with plenty of storage.

  • May, 2018

  • May 1, 2018

    Date

    Canceled

    CRMLS: LG17227407

    $2,795,000

    Price

  • Feb 15, 2018

    Date

    Price Change

    CRMLS: LG17227407

    $2,795,000

    Price

  • Nov 9, 2017

    Date

    Price Change

    CRMLS: LG17227407

    $2,995,000

    Price

  • Oct 19, 2017

    Date

    Active

    CRMLS: LG17227407

    $3,150,000

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer located in the estates section of Belmont Height on the hill. Complete restoration of this classic Spanish 4-Plex with New Plumbing, New Heating, New Electrical, New Kitchens with Stainless Steele Appliances & New Baths. All of today's comforts yet with old world style. Front Building is two units, both are 3 bedroom, 2 Bath with Laundry hook-ups in unit, approximately 1,725 sq.ft. each with tandem garages. The Back two units, both 1 bedroom with a Den that can be used as a second bedroom. Each of these back 2 units have a 1 car garage plus private laundry area.

  • December, 2017

  • Dec 6, 2017

    Date

    Leased

    CRMLS: LG17230934

    $3,800

    Price

  • Oct 7, 2017

    Date

    Active

    CRMLS: LG17230934

    $3,950

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd street with Hardwood floors throughout, 3 bedroom, 2 bath, New Kitchen & Baths completed with today's comforts yet and old world style. Also includes a 1 and 1/2 car garage with plenty of storage space and in house laundry.

  • December, 2017

  • Dec 6, 2017

    Date

    Leased

    CRMLS: LG17251468

    $3,800

    Price

  • Nov 5, 2017

    Date

    Active

    CRMLS: LG17251468

    $3,750

    Price

  • Listing provided courtesy of CRMLS

    Beautifully remodeled historic charmer on the 1st floor. This is a must see if you are planning to live in Belmont Heights - walking distance to 2nd street with Hardwood floors throughout, 3 bedroom & 2 bath, in-house private laundry, New Kitchen and Baths completed with today's comforts yet old world style. Also includes a 1 and 1/2 car garage with plenty of storage.

  • August, 2016

  • Aug 11, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

Show More

Tax History for 262 Park Ave

Assessed Value (2020): $2,652,000
Year Land Value Improved Value Assessed Value
2020 $1,836,000 $816,000 $2,652,000

Home Value Compared to the Market

This property vs the competition

262 Park Ave sold on May 31, 2019 for 234.38% 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 $537.15 per/sqft which puts the price per square foot 15.01% lower than the current median sale per square foot for the city of Long Beach.

About 262 Park Ave

Detailed summary of property

262 Park Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 10 bedrooms, 7 bathrooms, roughly 4,980 living square feet, and sits on an approximately 6,357 square foot lot. 262 Park Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,600,000. 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 234.38% higher than the current median priced home. Local homes that are currently for sale include 3701 E Broadway, 830 Roswell Ave and 3316 E 3rd St. While the average home in Long Beach, CA is selling in 51 days, 262 Park Ave has a days on market of 136 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 262 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 262 Park Ave

Public county record property details
Beds
10
Baths
7
Year built
1923
Sq. Ft.
4,585
Lot Size
6,357
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7250-031-008

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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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 262 Park Ave

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Recently Sold Homes Near 262 Park Ave

259 Park Ave, Long Beach, CA 90803
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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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