75 Granada, Long Beach, California 90803, Long Beach, 90803 - bed, bath

75 Granada, Long Beach, California 90803 home-pic-0
ACTIVE$1,299,000
75 Granada, Long Beach, California 90803
0Bed
0Bath
1,349Sqft
2,239Lot
Year Built
1951
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$963
HOA
-
Days on market
-
Sold On
-
MLS number
PW25240057
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.30M(9th), sqft - 1349(9th), beds - undefined(50th), baths - undefined(50th).

Welcome to 75 Granada Avenue, an exceptional opportunity to own income property in one of Long Beach’s most sought-after coastal neighborhoods — Belmont Shore. Listed at $1,299,000, this is the lowest-priced 4-unit property to hit the market in Belmont Shore in the last five years. Located less than one block from the beach, this charming fourplex features (4) studio apartments, each commanding strong rents of $1,800 per month. There is also one parking space that generates an additional $75 per month and a community laundry room. The property offers stable cash flow today with excellent upside potential through improved operations or short-/mid-term rental strategies (buyer to verify).

Nearby schools

9/10
Lowell Elementary School
Public,K-50.6mi
10/10
Naples Elementary School
Public,K-50.6mi
7/10
Rogers Middle School
Public,6-80.7mi
6/10
Wilson High School
Public,9-121.5mi

Price History

Date
Event
Price
10/16/25
Listing
$1,299,000
07/19/04
Sold
$590,000
08/31/00
Sold
$335,000
Condition Rating
Fair

The property was built in 1951, making it over 70 years old. While the exterior appears maintained, it is visibly dated with older windows and multiple window AC units, suggesting a lack of central cooling/heating and older systems. The listing description explicitly notes an 'Older Building Condition' with 'potential for outdated systems (plumbing, electrical).' Given the absence of interior photos, and the property's age, it is highly probable that the kitchens and bathrooms are original or have only received minimal, dated updates from decades past. However, the property is generating 'strong rents,' indicating it is functional and habitable, not requiring substantial repairs to be livable. It likely needs minor updates to modernize the interiors, particularly kitchens and bathrooms, but major components are functional despite being outdated.
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Prime Coastal Location: Located less than one block from the beach in Belmont Shore, one of Long Beach's most sought-after coastal neighborhoods, offering high desirability for tenants.
Strong Income & Upside Potential: The four studio apartments command strong current rents of $1,800 per month each, with additional income from a parking space, and significant upside potential through improved operations or short-/mid-term rental strategies.
Competitive Market Value: Listed as the lowest-priced 4-unit property to hit the market in Belmont Shore in the last five years, presenting a potentially attractive investment opportunity.
Multi-Unit Investment: As a quadruplex, the property offers diversified income streams, reducing risk compared to single-unit investments, and is a dedicated residential income property type.
Established Cash Flow: The property currently generates stable cash flow from all four units, providing immediate returns for an investor.

Cons

Small Unit Sizes: All four units are studio apartments, which are typically small (total 1349 sqft for 4 units) and may limit the tenant demographic or future rent growth compared to larger units.
Older Building Condition: Built in 1951, the property is an older structure, which could imply higher ongoing maintenance costs, potential for outdated systems (plumbing, electrical), and less energy efficiency if not recently updated.
Limited Parking: The property offers only one dedicated parking space for a four-unit building, which can be a significant inconvenience for tenants in a dense coastal area where parking is often scarce.

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