263 Corona Ave, Long Beach, CA 90803
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263 Corona Ave Long Beach, CA 90803

$2,499,000
  • 5 Beds
  • 4.5 Baths
  • 4,312 Sq.Ft.
For Sale
$2,499,000 Get Pre-Qualified

Map preview of 263 Corona Ave, Long Beach, CA 90803

Property Overview: 263 Corona Ave Long Beach, CA has 5 bedrooms, 4.5 bathrooms, 4,312 living square feet and 8,104 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: Welcome to 263 Corona, a unique and well appointed multi-unit property laid out perfectly on its 8,100+ square foot lot in the highly desirable Belmont Park. From the incredibly clean curb appeal with recently renovated exterior and hardscape, you're greeted by the main entrance to the 3 front units just inside a main front door right beyond the recently renovated downstairs unit's patio. The first floor entry to the 2 bedroom 1 bathroom + den gives way to an impressively sized first floor unit which wraps the majority of the footprint of the front 3 units. Upstairs, either side of the hall is each upstairs 1 bedroom 1 bathroom's entry which is split amongst the second floor in its entirety. Behind the 3 front units, lies one of the most impressive 1 bedroom 1.5 bathroom rentals you may ever find in Belmont Park. With it's expensive vaulted ceilings, recently renovated kitchen, bar for entertaining and private backyard, hardscaped patio deck, and private two car garage, this living space can double as an owner looking for passive income or an incredibly impressive rental. All units aside from the front downstairs 2 bedroom share the laundry room attached to the 4 car garage with its own private laundry room entry and all enjoy upgraded copper plumbing throughout. This is quite possibly one of the most unique and impressive multi units you may ever find in Belmont Park whether you're looking for an investment or a place to land just steps from anything you could ever want coupled with offset passive income.

Listed by Ben Fisher | BRE #01938483 | California Real Estate Company
Co-listed by Rose Butler | BRE #02115551 | California Real Estate Company
Last checked: 24 seconds ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
8,104
HOA Dues
$0/mo
Year built
1943
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24071664
City
Long Beach
County
Los Angeles
Time on Site
12 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,530
  • Total Rent: $2,530
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,125
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,025
  • Total Rent: $2,025
  • Pro Forma/Market Rent: $2,025
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $104,160
  • Net Operating Income: $92,619
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,541
  • Electric: $3,519
  • Gas/Fuel: $0
  • Licenses: $883
  • Trash: $0
  • Gardener: $1,660
  • Insurance: $2,593
  • Water/Sewer: $2,886

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Property Details for 263 Corona Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Gas
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7249012014
  • Year Built Source: Assessor
  • Entry Level: 1
  • 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
  • Subdivision Name: Belmont Park (BP)
  • Directions: .
Neighborhood Information
  • Community Features: Suburban
View more facts & features

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Sale History for 263 Corona Ave

View property's historical transactions
  • May, 2024

  • May 6, 2024

    Date

    Active

    CRMLS: PW24071664

    $2,499,000

    Price

Tax History for 263 Corona Ave

Assessed Value (2020): $651,009
Year Land Value Improved Value Assessed Value
2020 $331,525 $319,484 $651,009

Home Value Compared to the Market

This property vs the competition

263 Corona Ave is listed 212.77% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $643 and this home is listed at $579.55 per/sqft which puts the price per square foot 9.87% lower than the median price per square foot for the city of Long Beach.

About 263 Corona Ave

Detailed summary of property

263 Corona Ave is a fourplex located in Long Beach, CA 90803 and is currently for sale. This fourplex offers 5 bedrooms, 4.5 bathrooms, roughly 4,312 living square feet, and sits on an approximately 8,104 square foot lot. 263 Corona Ave was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $2,499,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $643. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 212.77% higher than the median priced home. Local competing homes currently for sale include 116 Bennett Ave, 241 Bennett Ave and 337 Ximeno Ave. While the average home in Long Beach, CA is selling in 51 days, 263 Corona Ave has a days on market of 10 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 263 Corona Ave Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 263 Corona Ave

Public county record property details
Beds
5
Baths
5
Year built
1943
Sq. Ft.
4,312
Lot Size
8,102
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
7249-012-014

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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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.