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305 Coronado Ave, Long Beach, CA 90814
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305 Coronado Ave Long Beach, CA 90814

$4,200,000 Sold Price as of 12/01/2020
  • 8 Beds
  • 16 Baths
  • 9,958 Sq.Ft.
Sold
$4,200,000 Sold Price as of 12/01/2020 Refinance Your Mortgage
Map preview of 305 Coronado Ave, Long Beach, CA 90814

Property Overview: 305 Coronado Ave Long Beach, CA has 8 bedrooms, 16 bathrooms, 9,958 living square feet and 6,534 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 305 Coronado Avenue is a 16-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Situated on a 0.15-acre lot, the 9,958 square foot property consists of studio and one-bedroom units. Built in 1948, 305 Coronado Avenue offers amenities including private patios, on-site laundry, and storage lockers. Additionally, the property is in close proximity to Smart & Final Extra! and Ralphs which provide residents with convenient access to every day needs. The property has recently undergone significant interior and exterior renovations which include new paint, kitchens, cabinetry, lighting and plumbing fixtures, bathrooms, flooring and more.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 52

Home details

Lot Sq. Ft
6,534
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC20135945
City
Long Beach
County
Los Angeles
Time on Site
1395 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
  • # of Leased Units: 16
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,423
  • Total Rent: $12,423
  • Pro Forma/Market Rent: $12,600
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $13,671
  • Total Rent: $13,671
  • Pro Forma/Market Rent: $14,360
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $313,128
  • Net Operating Income: $192,592
  • Gross Operating Income: $306,525
  • Vacancy Allowance: $9,394
  • Other Income 1: $2,791
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $113,933
  • Electric: $2,845
  • Gas/Fuel: $2,842
  • New Taxes: $56,738
  • Trash: $2,842
  • Insurance: $6,163
  • Maintenance: $8,000
  • Professional Management: $12,261
  • Water/Sewer: $2,842
  • Other Expenses: $19,400
  • Other Expense Description: Misc

Property Details for 305 Coronado Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 16
  • Parcel Number: 7257020023
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Major Nearby Cross Streets: East 3rd Street and Coronado Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 305 Coronado Ave

Last sold for $4,200,000 on December 1st, 2020

  • December, 2020

  • Dec 2, 2020

    Date

    Sold

    CRMLS: OC20135945

    $4,200,000

    Price

  • Aug 31, 2020

    Date

    Pending

    CRMLS: OC20135945

    $4,485,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: OC20135945

    $4,485,000

    Price

  • December, 2020

  • Dec 1, 2020

    Date

    Sold (Public Records)

    Public Records

    $4,200,000

    Price

  • April, 2017

  • Apr 13, 2017

    Date

    Sold (Public Records)

    Public Records

    $4,250,000

    Price

Show More

Tax History for 305 Coronado Ave

Assessed Value (2020): $4,512,134
Year Land Value Improved Value Assessed Value
2020 $1,061,208 $3,450,926 $4,512,134

Home Value Compared to the Market

This property vs the competition

305 Coronado Ave sold on December 1, 2020 for 460.62% 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 $450.39 per/sqft which puts the price per square foot 28.74% lower than the current median sale per square foot for the city of Long Beach.

About 305 Coronado Ave

Detailed summary of property

305 Coronado Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 8 bedrooms, 16 bathrooms, roughly 9,958 living square feet, and sits on an approximately 6,534 square foot lot. 305 Coronado Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $4,200,000. 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 460.62% higher than the current median priced home. Local homes that are currently for sale include 1515 W 103rd St, 1201 W Diamond St and 13716 Penn St. While the average home in Long Beach, CA is selling in 51 days, 305 Coronado Ave has a days on market of 52 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 305 Coronado Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 305 Coronado Ave

Public county record property details
Beds
8
Baths
16
Year built
1948
Sq. Ft.
9,958
Lot Size
6,751
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
22
APN
7257-020-023

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$773,676
Median List Price/Sq.Ft.
$626
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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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