19 Granada Avenue

    Long Beach, CA 90803
    • $4,200,000
    • STATUS: Active
    • ON SITE: 51 days
    • ID#: PW20068468
    UPDATED: 49 min ago
    $4,200,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,182
      SQFT
    • $585
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    Pride of Ownership, Ten Unit, Trophy Property!Located within the highly sought after community of Belmont Shore, merely footsteps from the sand.19 Granada is a picturesque 1930+GGs building, featuring all classic characteristics and qualities of early 20th century architecture +GG boasting magnificent high ceilings, built in cabinetry, large open floor plans with an abundance of natural light. Embodying a highly desirable unit blend; Six large 1 bedroom x 1 bathroom units along with Four large studios. The asset is separately metered for gas and electric and has its own large laundry room. Upper front units have beautiful heavily arched windows and ocean views. Consequently, all 10 units are in incredibly high demand, due to the buildings design, unit floor plans and proximity to the Ocean. Not only mere steps from the sand but just a short stroll to +G+2nd street+G-, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops.Perfect building for the sophisticated investor looking for a prime asset in an A+ location.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T07:25:35.5. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

    www.twissrealty.com/homes/104867996

    19 Granada Avenue Long Beach, CA 90803

    • Price: $4,200,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: PW20068468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    7,182
    SQFT
    $585
    $/SQFT
    1931
    Built
    Neighborhood:
    Belmont Shore (Bsd)
    County:
    Los Angeles
    Area:
    1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
    Property Description
    Pride of Ownership, Ten Unit, Trophy Property!Located within the highly sought after community of Belmont Shore, merely footsteps from the sand.19 Granada is a picturesque 1930+GGs building, featuring all classic characteristics and qualities of early 20th century architecture +GG boasting magnificent high ceilings, built in cabinetry, large open floor plans with an abundance of natural light. Embodying a highly desirable unit blend; Six large 1 bedroom x 1 bathroom units along with Four large studios. The asset is separately metered for gas and electric and has its own large laundry room. Upper front units have beautiful heavily arched windows and ocean views. Consequently, all 10 units are in incredibly high demand, due to the buildings design, unit floor plans and proximity to the Ocean. Not only mere steps from the sand but just a short stroll to +G+2nd street+G-, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops.Perfect building for the sophisticated investor looking for a prime asset in an A+ location.
    Exterior Features

    Architectural Style Spanish Garage Spaces 0.00 Lot Features Corner LotLevel With StreetRectangular LotNo LandscapingWalkstreet Lot Size Dimensions 52X90x50x90 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Flat View NeighborhoodOceanPeek-A-Boo View YN Yes

    Interior Features

    Appliances Gas OvenRefrigerator Appliances YN Yes Average Studio Area 500 Average Studio Area Units Square Feet Average1 Bed Area 864 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateWood Heating Floor FurnaceWall Furnace Heating YN Yes Laundry Features InsideUpper Level Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.90 Community Features BikingCurbsDog ParkFishingHikingParkWatersportsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 190572.00 Gross Multiplier 22.00 Gross Operating Income 186761.00 Gross Scheduled Income 190572.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 122401.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 11 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 68171.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Belmont Shore (Bsd) Total Expenses 68171.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer Connected Vacancy Allowance 3811 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Cameron Jacques of Kinnery's Brokerage House


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-28T07:25:35.5. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

     
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