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2829 E Coolidge St, Long Beach, CA 90805
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2829 E Coolidge St Long Beach, CA 90805

$4,050,000 Sold Price as of 09/29/2023
  • 30 Beds
  • 18 Baths
  • 15,737 Sq.Ft.
Sold
$4,050,000 Sold Price as of 09/29/2023 Refinance Your Mortgage
Map preview of 2829 E Coolidge St, Long Beach, CA 90805

Property Overview: 2829 E Coolidge St Long Beach, CA has 30 bedrooms, 18 bathrooms, 15,737 living square feet and 16,988 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Coolidge Apartments is an 18-unit multifamily investment property located in Long Beach, CA. Coolidge Apartments offers a desirable mix of spacious one and two-bedroom floor plans and amenities including garage parking, gated access, an on-site laundry facility, and a central courtyard with a swimming pool. Unit interiors feature hardwood and carpet flooring, granite countertops, and ceiling fans. Coolidge Apartments has an excellent Long Beach location within 2 miles of the Lakewood Center, providing tenants with convenient access to everyday needs. The property is also located just over 3 miles from the plethora of retail, dining, and entertainment options at the Long Beach Exchange. Additionally, Coolidge Apartments is within blocks of all three levels of schooling. The property is within walking distance of the recently completed Bridge Point Long Beach industrial facility, a state-of-the-art distribution center with additional office space that is currently being leased by a major transportation and logistics provider that supplies operations for the United States Postal Service. According to the developer, Bridge Industrial, the facility is expected to bring more than 500 new jobs to the area. Furthermore, Coolidge Apartments benefits from its close proximity to State Route 91 and Interstate 710, connecting residents to employment hubs throughout Orange, Los Angeles, and Riverside Counties.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 9 minutes ago | Last updated: September 29th, 2023 | Source CRMLS | DOM: 117

Home details

Lot Sq. Ft
16,988
HOA Dues
$0/mo
Year built
1964
Garage
14 Car
Property Type:
Apartment
Status
Sold
MLS#
OC23052526
City
Long Beach
County
Los Angeles
Time on Site
411 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
  • # of Leased Units: 18
  • # of Electric Meters: 18
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $22,035
  • Total Rent: $22,035
  • Pro Forma/Market Rent: $26,340
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $9,175
  • Total Rent: $9,175
  • Pro Forma/Market Rent: $10,170
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $374,520
  • Net Operating Income: $238,913
  • Gross Operating Income: $389,339
  • Vacancy Allowance: $11,236
  • Other Income 1: $26,055
  • Other Income Description: RUBS, parking, & laundry
Annual Expense Breakdown
  • Total Operating Expense: $150,427
  • Electric: $6,161
  • Gas/Fuel: $6,161
  • New Taxes: $54,699
  • Trash: $6,161
  • Insurance: $10,800
  • Maintenance: $13,500
  • Professional Management: $15,574
  • Water/Sewer: $6,164
  • Other Expenses: $31,207
  • Other Expense Description: Misc

Property Details for 2829 E Coolidge St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 14
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 18
  • Parcel Number: 7120001033
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: East Coolidge Street & Paramount Boulevard
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2829 E Coolidge St

Last sold for $4,050,000 on September 29th, 2023

  • September, 2023

  • Sep 29, 2023

    Date

    Sold

    CRMLS: OC23052526

    $4,050,000

    Price

  • Apr 5, 2023

    Date

    Active

    CRMLS: OC23052526

    $4,600,000

    Price

Tax History for 2829 E Coolidge St

Assessed Value (2020): $1,860,145
Year Land Value Improved Value Assessed Value
2020 $664,081 $1,196,064 $1,860,145

Home Value Compared to the Market

This property vs the competition

2829 E Coolidge St sold on September 29, 2023 for 475% 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 $292.3 per/sqft which puts the price per square foot 53.75% lower than the current median sale per square foot for the city of Long Beach.

About 2829 E Coolidge St

Detailed summary of property

2829 E Coolidge St is a apartment that recently sold in Long Beach, CA 90805. This apartment offered 30 bedrooms, 18 bathrooms, roughly 15,737 living square feet, and sits on an approximately 16,988 square foot lot. 2829 E Coolidge St was first listed on ArdentRealEstateGroup.com on April 5, 2023. The homeowner sold the property for $4,050,000. 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 475% higher than the current median priced home. Local homes that are currently for sale include 1006 S Record Ave, 1515 W 103rd St and 13716 Penn St. While the average home in Long Beach, CA is selling in 51 days, 2829 E Coolidge St has a days on market of 117 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 2829 E Coolidge St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2829 E Coolidge St

Public county record property details
Beds
--
Baths
18
Year built
1964
Sq. Ft.
15,737
Lot Size
16,998
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
6-8
APN
7120-001-033

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
63
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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