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1048 Coronado Ave Long Beach, CA 90804

$1,750,000
  • 8 Beds
  • 8 Baths
  • 3,072 Sq.Ft.
For Sale
$1,750,000 Get Pre-Qualified
Map preview of 1048 Coronado Ave, Long Beach, CA 90804

Property Overview: 1048 Coronado Ave Long Beach, CA has 8 bedrooms, 8 bathrooms, 3,072 living square feet and 6,251 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Last checked: 8 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 25
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Home details

Lot Sq. Ft
6,251
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
PW24064035
City
Long Beach
County
Los Angeles
Time on Site
31 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,639
  • Total Rent: $13,110
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 1048 Coronado Ave

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Property Details for 1048 Coronado Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7258006011
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: North of 10th west of redondo
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1048 Coronado Ave

Last sold for $715,000 on April 19th, 2016

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: PW24064035

    $1,750,000

    Price

  • April, 2016

  • Apr 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $715,000

    Price

  • November, 1998

  • Nov 6, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1048 Coronado Ave

Assessed Value (2020): $776,937
Year Land Value Improved Value Assessed Value
2020 $606,161 $170,776 $776,937

Home Value Compared to the Market

This property vs the competition

1048 Coronado Ave is listed 118.78% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $569.66 per/sqft which puts the price per square foot 11.54% lower than the median price per square foot for the city of Long Beach.

About 1048 Coronado Ave

Detailed summary of property

1048 Coronado Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 8 bedrooms, 8 bathrooms, roughly 3,072 living square feet, and sits on an approximately 6,251 square foot lot. 1048 Coronado Ave was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner is currently asking $1,750,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 118.78% higher than the median priced home. Local competing homes currently for sale include 17431 Koledo Ln, 11082 Barclay Dr and 419 W Commonwealth Ave. While the average home in Long Beach, CA is selling in 54 days, 1048 Coronado Ave has a days on market of 25 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1048 Coronado Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1048 Coronado Ave

Public county record property details
Beds
8
Baths
8
Year built
1923
Sq. Ft.
3,072
Lot Size
6,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7258-006-011

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
47
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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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.

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