19 Granada Avenue, Long Beach, CA 90803

$4,200,000
7,182
SqFt
List Price
$4,200,000
Status
ACTIVE
MLS#
PW20165573
Year Built
1931
Living Sq. Ft
7,182
Lot Size
4,572
Acres
0.105
Lot Location
Corner Lot, Rectangular Lot, Level, No Landscaping
Days on Market
33
Property Type
Multifamily
Style
Spanish
Property Sub Type
Apartment
Stories
Two Levels
Builders Tract Code
Belmont Shore (BSD)
Neighborhood
Belmont Shore (Bsd)

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’s building, featuring all classic characteristics and qualities of early 20th century architecture – 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 “2nd street”, 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.

Additional Information

Tract Number
3750
Lot Description
Biking, Curbs, Dog Park, Fishing, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
Appliances
Gas Range, Microwave, Refrigerator
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
See Remarks
View
Neighborhood, Ocean, Peek-A-Boo
Roof
Flat, Spanish Tile
Sewer
Public Sewer
Water
Private
Attached Structure
Attached
Number Of Units Total
10
Gross Scheduled Income
$196,524
Operating Expense
68171
Unit One Total Units
6
Unit One Beds
1
Unit One Baths
1
Unit One Actual Rent
1635.00
Unit One Total Rent
9760.00
Unit One Pro Forma
2000
Unit One Furnished
Unfurnished
Unit Two Total Units
4
Unit Two Baths
1
Unit Two Actual Rent
1458.75
Unit Two Total Rent
5835.00
Unit Two Pro Forma
1750
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cameron Jacques from Kinnery's Brokerage House

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.