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790 Coronado Ave, Long Beach, CA 90804
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790 Coronado Ave Long Beach, CA 90804

$2,375,000 Sold Price as of 12/17/2021
  • 11 Beds
  • 9 Baths
  • 7,110 Sq.Ft.
Sold
$2,375,000 Sold Price as of 12/17/2021 Refinance Your Mortgage
Map preview of 790 Coronado Ave, Long Beach, CA 90804

Property Overview: 790 Coronado Ave Long Beach, CA has 11 bedrooms, 9 bathrooms, 7,110 living square feet and 6,488 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an eight unit apartment building, which was built in 1961. There are 5-1bdrms 3-2bdrms with 4 single car garages. The units are all in original condition. This property is owned by a long term owner.

Listed by Kristie Pabst | BRE #00804122 | Pabst, Kinney & Associates
Last checked: 2 minutes ago | Last updated: April 10th, 2024 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
6,488
HOA Dues
$0/mo
Year built
1961
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21235413
City
Long Beach
County
Los Angeles
Time on Site
925 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,090
  • Total Rent: $1,090
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $990
  • Total Rent: $990
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,115
  • Total Rent: $1,115
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $124,140
  • Net Operating Income: $71,316
  • Gross Operating Income: $120,416
  • Vacancy Allowance: $3,724
  • # of Rented Garages: 0
  • Garage Rental Rate: $1,800
  • Garage Rental Income: $0
  • Laundry Income: $900
  • Other Income 1: $725
  • Other Income Description: storage
Annual Expense Breakdown
  • Total Operating Expense: $49,100
  • Electric: $485
  • Gas/Fuel: $0
  • Licenses: $640
  • New Taxes: $26,720
  • Trash: $0
  • Gardener: $785
  • Insurance: $2,400
  • Maintenance: $6,300
  • Professional Management: $6,995
  • Water/Sewer: $3,825

Property Details for 790 Coronado Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
  • See Remarks
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: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7258022001
  • Year Built Source: Assessor
  • 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 Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: West on Broadway to Coronado, right on Coronado to address
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 790 Coronado Ave

Last sold for $2,375,000 on December 17th, 2021

  • April, 2024

  • Apr 10, 2024

    Date

    Withdrawn

    CRMLS: OC24021293

    $3,100,000

    Price

  • Jan 30, 2024

    Date

    Active

    CRMLS: OC24021293

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    790 Coronado Avenue is a 10-unit multifamily investment property located in the Rose Park neighborhood of Long Beach, CA. 790 Coronado Avenue offers an attractive mix consisting of 5, one-bedroom units and 3, two-bedroom units, as well as 2 recently constructed accessory dwelling units (ADU). The accessory dwelling units, 1, one-bedroom unit and 1, two-bedroom unit, increase the overall total unit count by 25% and current gross potential rent by 30%. Additionally, 5 of 10 unit interiors feature attractive upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, and more. Furthermore, the property features desirable amenities including security doors and an on-site laundry facility. 790 Coronado Avenue is situated in the desirable Rose Park neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options along Redondo Avenue. 790 Coronado Avenue is in close proximity to all levels of schooling including Willard Elementary, Jefferson Middle, and Woodrow Wilson High. Additionally, the property benefits from its central Long Beach location, providing easy access to Retro Row, Recreation Park, and Belmont Shore. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 790 Coronado Avenue.

  • October, 2021

  • Oct 26, 2021

    Date

    Active

    CRMLS: PW21235413

    $2,375,000

    Price

Show More

Tax History for 790 Coronado Ave

Assessed Value (2020): $578,671
Year Land Value Improved Value Assessed Value
2020 $111,660 $467,011 $578,671

Home Value Compared to the Market

This property vs the competition

790 Coronado Ave sold on December 17, 2021 for 196.88% 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 $334.04 per/sqft which puts the price per square foot 47.15% lower than the current median sale per square foot for the city of Long Beach.

About 790 Coronado Ave

Detailed summary of property

790 Coronado Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 11 bedrooms, 9 bathrooms, roughly 7,110 living square feet, and sits on an approximately 6,488 square foot lot. 790 Coronado Ave was first listed on ArdentRealEstateGroup.com on October 26, 2021. The homeowner sold the property for $2,375,000. 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 196.88% higher than the current median priced home. Local homes that are currently for sale include 4016 E Wilton, 1512 N Stanton Pl and 239 Ximeno Ave. While the average home in Long Beach, CA is selling in 53 days, 790 Coronado Ave has a days on market of 6 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 790 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 790 Coronado Ave

Public county record property details
Beds
11
Baths
8
Year built
1961
Sq. Ft.
7,110
Lot Size
6,488
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
7258-022-001

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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