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28 Corona Ave, Long Beach, CA 90803
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28 Corona Ave Long Beach, CA 90803

$1,850,000 Sold Price as of 04/19/2021
  • 4 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$1,850,000 Sold Price as of 04/19/2021 Refinance Your Mortgage
Map preview of 28 Corona Ave, Long Beach, CA 90803

Property Overview: 28 Corona Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, -- living square feet and 4,640 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Luxury Long Beach living at it's finest. This property sits steps from the ocean on a double wide lot in the popular Belmont Shore. The extra lot square footage provides the opportunity to add two ADU's or expand the front house for additional income. The 2br/1ba front house has been completely remodeled including new electric & plumbing. The three units in the back consist of two studios and one 2br/1ba unit all of which have been beautifully maintained. 28 Corona has communal on­site laundry as well as a double car garage providing coveted off­-street parking for it's tenants. This property is ideal for an owner user, long term investor, or developer. With significantly lower tenant relocation fees and a more reasonable rent control cap than other beach communities, this property proves to be a desirable beach investment.

Listed by Christa Vessell | BRE #02058824 | Coldwell Banker Commercial
Co-listed by J. Steven Warshauer | BRE #00499477 | Coldwell Banker Commercial
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 191

Home details

Lot Sq. Ft
4,640
HOA Dues
$0/mo
Year built
1924
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20165358
City
Long Beach
County
Los Angeles
Time on Site
1336 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,260
  • Total Rent: $4,520
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,058
  • Total Rent: $2,115
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,620
  • Net Operating Income: $42,622
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $36,998
  • Electric: $4,750
  • Gas/Fuel: $360
  • New Taxes: $26,108
  • Trash: $360
  • Gardener: $720
  • Insurance: $4,000
  • Water/Sewer: $700

Property Details for 28 Corona Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre, Paved, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7247024009
  • Year Built Source: Public Records
  • Property is 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 Shore (BSD)
  • Directions: On the corner of Corona & Ocean
Neighborhood Information
  • Community Features: Biking, Dog Park, Fishing, Golf, Park, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 28 Corona Ave

Last sold for $1,850,000 on April 19th, 2021

  • April, 2021

  • Apr 19, 2021

    Date

    Sold

    CRMLS: PW20165358

    $1,850,000

    Price

  • Mar 11, 2021

    Date

    Active Under Contract

    CRMLS: PW20165358

    $1,950,000

    Price

  • Feb 10, 2021

    Date

    Price Change

    CRMLS: PW20165358

    $1,950,000

    Price

  • Feb 10, 2021

    Date

    Active

    CRMLS: PW20165358

    $1,095,000

    Price

  • Feb 10, 2021

    Date

    Price Change

    CRMLS: PW20165358

    $1,095,000

    Price

  • Jan 21, 2021

    Date

    Active Under Contract

    CRMLS: PW20165358

    $2,049,000

    Price

  • Jan 4, 2021

    Date

    Hold

    CRMLS: PW20165358

    $2,049,000

    Price

  • Oct 12, 2020

    Date

    Price Change

    CRMLS: PW20165358

    $2,049,000

    Price

  • Aug 14, 2020

    Date

    Active

    CRMLS: PW20165358

    $2,149,000

    Price

  • February, 2016

  • Feb 11, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 28 Corona Ave

Assessed Value (2020): $1,098,937
Year Land Value Improved Value Assessed Value
2020 $879,150 $219,787 $1,098,937

Home Value Compared to the Market

This property vs the competition

28 Corona Ave sold on April 19, 2021 for 138.1% higher than the current median sold price for the city of Long Beach which is $819,000.

About 28 Corona Ave

Detailed summary of property

28 Corona Ave is a multi family that recently sold in Long Beach, CA 90803. This multi family property offered 4 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 4,640 square foot lot. 28 Corona Ave was first listed on ArdentRealEstateGroup.com on January 21, 2021. The homeowner sold the property for $1,850,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 138.1% higher than the current median priced home. Local homes that are currently for sale include 5113 E The Toledo, 268 Park Avenue and 275 Belmont Avenue. While the average home in Long Beach, CA is selling in 62 days, 28 Corona Ave has a days on market of 191 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 28 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 28 Corona Ave

Public county record property details
Beds
5
Baths
4
Year built
1924
Sq. Ft.
2,435
Lot Size
4,639
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
7247-024-009

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
$1,595,000
Median List Price/Sq.Ft.
$824
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$755
Total Inventory
128
Median Sale to List Price %
100.2%
Avg Days on Market
29
Loan Type
Conventional (29.63%), FHA (0%), VA (3.7%), Cash (37.04%), Other (29.63%)

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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