391 Grand Ave, Long Beach, CA 90814
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391 Grand Ave Long Beach, CA 90814

$1,555,000 Sold Price as of 10/26/2020
  • 8 Beds
  • 11 Baths
  • 3,708 Sq.Ft.
Sold
$1,555,000 Sold Price as of 10/26/2020 Refinance Your Mortgage

Map preview of 391 Grand Ave, Long Beach, CA 90814

Property Overview: 391 Grand Ave Long Beach, CA has 8 bedrooms, 11 bathrooms, 3,708 living square feet and 5,119 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Priced to sell- Prime location- Prime property 4 units. 5 parking spaces.. large units like townhouse style. Units A B C are townshouse style. D unit you enter from the rear stairs. Security gate for parking and entering units. Located a few minutes from Belmont Shore and local transportation. The beach is a few minutes drive or walk.

Listed by Steve Fingerhut | BRE #00479715 | Beach Equities
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
5,119
HOA Dues
$0/mo
Year built
1987
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20159174
City
Long Beach
County
Los Angeles
Time on Site
1456 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,050
  • Total Rent: $2,050
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $97,800
  • Net Operating Income: $64,989
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $32,811
  • Electric: $240
  • New Taxes: $16,000
  • Trash: $450
  • Gardener: $1,200
  • Insurance: $1,716
  • Maintenance: $3,799
  • Professional Management: $5,746
  • Water/Sewer: $2,495

Property Details for 391 Grand Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
  • All Bedrooms Down, All Bedrooms Up, Master Bathroom, Master Bedroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater
Interior Features
  • Ceiling Fan(s), Corian Counters
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
  • Has Fence
  • Privacy, Redwood, Security, Wood, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7255003023
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Heights (BH)
  • Directions: GO SOUTH ON XIMENO GO RIGHT ON 4TH THEN LEFT ON 3RD ST.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

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Sale History for 391 Grand Ave

Last sold for $1,550,000 on October 26th, 2020
  • October, 2020

  • Oct 27, 2020

    Date

    Sold

    CRMLS: PW20159174

    $1,555,000

    Price

  • Oct 3, 2020

    Date

    Pending

    CRMLS: PW20159174

    $1,275,000

    Price

  • Oct 3, 2020

    Date

    Active Under Contract

    CRMLS: PW20159174

    $1,275,000

    Price

  • Aug 26, 2020

    Date

    Hold

    CRMLS: PW20159174

    $1,275,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: PW20159174

    $1,275,000

    Price

  • October, 2020

  • Oct 26, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,550,000

    Price

  • April, 2015

  • Apr 10, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 391 Grand Ave

Assessed Value (2020): $1,065,967
Year Land Value Improved Value Assessed Value
2020 $747,277 $318,690 $1,065,967

Home Value Compared to the Market

This property vs the competition

391 Grand Ave sold on October 26, 2020 for 55.68% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $343.85 per/sqft which puts the price per square foot 45.25% lower than the current median sale per square foot for the city of Long Beach.

About 391 Grand Ave

Detailed summary of property

391 Grand Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 8 bedrooms, 11 bathrooms, roughly 3,708 living square feet, and sits on an approximately 5,119 square foot lot. 391 Grand Ave was first listed on ArdentRealEstateGroup.com on October 3, 2020. The homeowner sold the property for $1,555,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 55.68% higher than the current median priced home. Local homes that are currently for sale include 2624 E 6th St, 35 Ximeno Ave and 187 Roycroft Ave. While the average home in Long Beach, CA is selling in 65 days, 391 Grand Ave has a days on market of 13 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale at 391 Grand Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 391 Grand Ave

Public county record property details
Beds
8
Baths
11
Year built
1987
Sq. Ft.
3,708
Lot Size
5,119
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7255-003-023

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$964,900
Median List Price/Sq.Ft.
$664
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
42
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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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.