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1456 Coronado Ave, Long Beach, CA 90804
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1456 Coronado Ave Long Beach, CA 90804

$1,650,000 Sold Price as of 09/22/2023
  • 0 Beds
  • 21 Baths
  • 4,644 Sq.Ft.
Sold
$1,650,000 Sold Price as of 09/22/2023 Refinance Your Mortgage
Map preview of 1456 Coronado Ave, Long Beach, CA 90804

Property Overview: 1456 Coronado Ave Long Beach, CA has -- bedrooms, 21 bathrooms, 4,644 living square feet and 6,252 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great East side Long Beach Property in a high desire rental area conveniently close to schools, shops, stores, bus roads freeway , and Beach. There is a total of 12 units studios units with one bath each. some of the units are remodeled. Vacancy is almost 0 due to high demand in the area. All utilities is paid for by the Landlord

Listed by Nurimar Larco | BRE #01190723 | C-21 Classic Estates
Last checked: 24 seconds ago | Last updated: September 27th, 2023 | Source CRMLS | DOM: 17

Home details

Lot Sq. Ft
6,252
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
RS23091286
City
Long Beach
County
Los Angeles
Time on Site
304 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Leased Units: 12
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 11
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 6
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 6
  • # of Units: 7
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 8
  • # of Units: 9
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 10
  • # of Units: 12
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 11
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $900
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 12
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $750
  • Total Rent: $750
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5%
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $136,800
  • Net Operating Income: $97,162
  • Gross Operating Income: $136,800
  • Gross Spendable Income: $1,042,286
Annual Expense Breakdown
  • Total Operating Expense: $39,638
  • Electric: $8,400
  • Gas/Fuel: $3,600
  • Trash: $2,604
  • Gardener: $1,800
  • Insurance: $4,000
  • Maintenance: $6,000
  • Professional Management: $1,000
  • Water/Sewer: $1,800

Property Details for 1456 Coronado Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Art Studio, Kitchen
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 7259007006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: North of Anaheim, West of Redondo
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1456 Coronado Ave

Last sold for $1,650,000 on September 22nd, 2023

  • September, 2023

  • Sep 22, 2023

    Date

    Sold

    CRMLS: RS23091286

    $1,650,000

    Price

  • Jul 11, 2023

    Date

    Active

    CRMLS: RS23091286

    $1,890,000

    Price

  • August, 2022

  • Aug 23, 2022

    Date

    Expired

    CRMLS: PW22098272

    $1,625,000

    Price

  • May 10, 2022

    Date

    Active

    CRMLS: PW22098272

    $1,625,000

    Price

  • Listing provided courtesy of CRMLS

    12 Unit building in a strong rental areal. All studio units are rented substancially under current market rents, all fully occupied.

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Tax History for 1456 Coronado Ave

Assessed Value (2020): $781,320
Year Land Value Improved Value Assessed Value
2020 $232,066 $549,254 $781,320

Home Value Compared to the Market

This property vs the competition

1456 Coronado Ave sold on September 22, 2023 for 136.25% 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 $406.98 per/sqft which puts the price per square foot 35.6% lower than the current median sale per square foot for the city of Long Beach.

About 1456 Coronado Ave

Detailed summary of property

1456 Coronado Ave is a apartment that recently sold in Long Beach, CA 90804. This apartment offered -- bedrooms, 21 bathrooms, roughly 4,644 living square feet, and sits on an approximately 6,252 square foot lot. 1456 Coronado Ave was first listed on ArdentRealEstateGroup.com on July 11, 2023. The homeowner sold the property for $1,650,000. 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 136.25% higher than the current median priced home. Local homes that are currently for sale include 436 Gaviota Ave, 2221 Granada Ave and 1377 Warren Ave. While the average home in Long Beach, CA is selling in 51 days, 1456 Coronado Ave has a days on market of 17 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1456 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 1456 Coronado Ave

Public county record property details
Beds
--
Baths
12
Year built
1923
Sq. Ft.
4,644
Lot Size
6,252
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
41,42
APN
7259-007-006

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
54
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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(714) 706-1823

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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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