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1410 Coronado Ave, Long Beach, CA 90804
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1410 Coronado Ave Long Beach, CA 90804

$3,250,000 Sold Price as of 06/27/2023
  • 17 Beds
  • 17 Baths
  • 7,770 Sq.Ft.
Sold
$3,250,000 Sold Price as of 06/27/2023 Refinance Your Mortgage
Map preview of 1410 Coronado Ave, Long Beach, CA 90804

Property Overview: 1410 Coronado Ave Long Beach, CA has 17 bedrooms, 17 bathrooms, 7,770 living square feet and 6,881 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Coronado Avenue Apartments is a nine-unit apartment building located in the City of Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, the subject property offers an attractive unit mix comprised of (8) two-bedroom/ two-bathroom units and (1) one-bedroom/ one-bathroom unit totaling 7,770 square feet. Some amenities include gated entry, ample on-site gated parking, on-site laundry room, and balconies. Some recent renovations and upgrades include new floors, new bathrooms, and updated kitchens. This offering represents a rare opportunity for an investor to achieve a 5.1% CAP Rate on current income, for a stable, turnkey investment property in the desirable rental market of Long Beach, California. Additionally, The Coronado Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

Listed by Greg Bassirpou | BRE #01365951 | Marcus & Millichap RE Invest
Last checked: 9 minutes ago | Last updated: February 13th, 2024 | Source CRMLS | DOM: 102

Home details

Lot Sq. Ft
6,881
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
OC23041836
City
Long Beach
County
Los Angeles
Time on Site
430 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,738
  • Total Rent: $1,738
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,309
  • Total Rent: $2,309
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.14%
  • Gross Rent Multiplier: 13.69
  • Gross Scheduled Income: $242,592
  • Net Operating Income: $172,209
  • Gross Operating Income: --
  • Vacancy Allowance: $7,343
  • Laundry Income: $2,160
Annual Expense Breakdown
  • Total Operating Expense: $65,200
  • Trash: $1,950
  • Insurance: $3,750
  • Professional Management: $0
  • Water/Sewer: $1,950

Property Details for 1410 Coronado Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage, Gated
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 7259007025
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Please do not disturb tenants; make all offers subject to inspection.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1410 Coronado Ave

Last sold for $3,250,000 on June 27th, 2023

  • February, 2024

  • Feb 13, 2024

    Date

    Expired

    CRMLS: SR24007308

    $2,900

    Price

  • Jan 12, 2024

    Date

    Active

    CRMLS: SR24007308

    $2,900

    Price

  • Listing provided courtesy of CRMLS

    All remodeled with high quality, 2 bedroom, 2 bathrooms, new central air conditioning system, new white kitchen with all new stainless steel appliances, new bathrooms, new showers, new floating vanities, new frameless glass shower doors, new wood-like floors, very open floor plan, lots of natural light, very bright, new LED recessed lights, new mirror closets doors with new organizers, new attached balcony, all remodeled complex, great central location walking distance to the beach, all shopping, restaurants, coffee shops, airport, freeways and other city amenities. Covered parking is available for additional fees. Laundry facility on-site with new machines. The property is secured with a surveillance camera system, an intercom system and a gate.

  • June, 2023

  • Jun 27, 2023

    Date

    Sold

    CRMLS: OC23041836

    $3,250,000

    Price

  • Mar 13, 2023

    Date

    Active

    CRMLS: OC23041836

    $3,350,000

    Price

  • June, 2023

  • Jun 22, 2023

    Date

    Canceled

    CRMLS: OC23046341

    $2,395

    Price

  • Mar 21, 2023

    Date

    Active

    CRMLS: OC23046341

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2 bed/2 full bath apartment for rent. Almost 900sf. In a desirable street of Eastside Long Beach. The unit has been recently updated and ready to move-in. Some amenities include on-site manager, gated entry, ample on-site gated parking, on-site laundry room, and private balcony. Recent renovations and upgrades include new wood flooring, new bathrooms, and updated kitchen. The Coronado Avenue Apartments is a nine-unit apartment building located in the City of Long Beach, a premier rental market in Los Angeles County, California. Built in 1987,

  • January, 1994

  • Jan 31, 1994

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

  • November, 1993

  • Nov 12, 1993

    Date

    Sold (Public Records)

    Public Records

    $314,659

    Price

Show More

Tax History for 1410 Coronado Ave

Assessed Value (2020): $559,472
Year Land Value Improved Value Assessed Value
2020 $248,653 $310,819 $559,472

Home Value Compared to the Market

This property vs the competition

1410 Coronado Ave sold on June 27, 2023 for 318.75% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $431.15 per/sqft which puts the price per square foot 31.78% lower than the current median sale per square foot for the city of Long Beach.

About 1410 Coronado Ave

Detailed summary of property

1410 Coronado Ave is a apartment that recently sold in Long Beach, CA 90804. This apartment offered 17 bedrooms, 17 bathrooms, roughly 7,770 living square feet, and sits on an approximately 6,881 square foot lot. 1410 Coronado Ave was first listed on ArdentRealEstateGroup.com on March 13, 2023. The homeowner sold the property for $3,250,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 318.75% higher than the current median priced home. Local homes that are currently for sale include 433 W 7th St, 6807 E Seaside Walk and 6062 Atlantic Ave. While the average home in Long Beach, CA is selling in 51 days, 1410 Coronado Ave has a days on market of 102 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 1410 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 1410 Coronado Ave

Public county record property details
Beds
17
Baths
17
Year built
1987
Sq. Ft.
7,770
Lot Size
6,881
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
7259-007-025

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.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
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%)

Thinking of Selling?

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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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