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222 Granada Avenue, Long Beach, CA 90803
Priced at Only: $5,300,000
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Address: 222 Granada Avenue, Long Beach, CA 90803
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  • MLS#: PW26018659 ( Commercial/Residential )
  • Street Address: 222 Granada Avenue
  • Viewed: 1
  • Price: $5,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 51
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90803
  • Subdivision: Belmont Shore (bsd)
  • Provided by: Seven Gables Real Estate
  • Contact: Julio Julio
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Trophy Belmont Shore Apartment Building Pride of Ownership Investment Offered for sale is a rare, pride of ownership 12 unit (6 1bd/1ba; 6 2bd/2ba) apartment complex located in the heart of Belmont Shore, one of Long Beachs most affluent and sought after coastal neighborhoods. Built in 1964, this three story, all electric property has been pristinely maintained and thoughtfully updated throughout, making it an ideal acquisition for investors seeking long term stability, strong tenant appeal, and premier location. The property comprises approximately 10,293 square feet of rentable living space situated on a 6,681 square foot lot. All 12 units have been updated and feature electric stoves, microwave ovens, dishwashers, and refrigerators, supporting strong market rents and minimizing near term capital expenditure. The ground level consists of enclosed, gated parking, with one assigned parking space per unit, a highly desirable amenity in this coastal submarket. Residents enjoy a secure rod iron gated and fenced perimeter, lush landscaping, and a rooftop patio offering panoramic neighborhood and coastal views, providing a unique lifestyle amenity rarely found in comparable assets. Additional highlights include Elevator, and an on site laundry room with coin operated equipment, for supplemental income potential. Located just blocks from the beach, boutique retail, dining, and the vibrant Belmont Shore business district, the property benefits from exceptional tenant demand, a strong demographic profile, and historically low vacancy. This offering represents a prestige investment opportunity in a premier coastal enclave with enduring appeal and long term upside.
Features
Accessibility Features
  1. Accessible Elevator Installed
  2. Parking
Appliances
  1. Dishwasher
  2. Electric Range
  3. Microwave
  4. Refrigerator
Architectural Style
  1. Mid Century Modern
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 10293.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Days On Market
  1. 40
Electric
  1. Standard
Electric Expense
  1. 1987.00
Entry Location
  1. Front
Fencing
  1. Good Condition
  2. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Laminate
  3. Vinyl
Fuel Expense
  1. 0.00
Garage Spaces
  1. 12.00
Gardner Expense
  1. 3950.00
Heating
  1. Radiant
Insurance Expense
  1. 15439.00
Laundry Features
  1. Common Area
  2. Community
  3. Individual Room
Laundry Income
  1. 2400.00
Levels
  1. Three Or More
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
  2. Rectangular Lot
  3. Park Nearby
Netoperatingincome
  1. 214408.00
Newtaxesexpense
  1. 66250.00
Number Of Separate Electric Meters
  1. 13
Number With Dishwasher
  1. 12
Number With Range
  1. 12
Number Wit Hrefrigerator
  1. 12
Otherexpense
  1. 65.00
Otherexpensedescription
  1. Advert
Otherincomedescription
  1. Laundry Income
Parcel Number
  1. 7249030022
Parking Features
  1. Assigned
  2. Auto Driveway Gate
  3. Garage
  4. Garage Faces Rear
  5. Gated
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Turnkey
Roof
  1. Flat
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455405102:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Belmont Shore (BSD)
Taxblock
  1. 23
Tenant Pays
  1. Cable TV
  2. Electricity
Totalactualrent
  1. 346080.00
Totalexpenses
  1. 134071.00
Trash Expense
  1. 4539.00
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Water Connected
View
  1. Panoramic
Virtual Tour Url
  1. https://vimeo.com/1156355197?fl=pl&fe=sh
Water Sewer Expense
  1. 13333.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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