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791 Coronado Ave, Long Beach, CA 90804
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791 Coronado Ave Long Beach, CA 90804

$2,150,000
  • 12 Beds
  • 7 Baths
  • 5,458 Sq.Ft.
Back Up Offer
$2,150,000 Get Pre-Qualified
Map preview of 791 Coronado Ave, Long Beach, CA 90804

Property Overview: 791 Coronado Ave Long Beach, CA has 12 bedrooms, 7 bathrooms, 5,458 living square feet and 4,791 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: 791 Coronado Avenue is a 7-unit multifamily investment property located in the Rose Park neighborhood of Long Beach, CA. This property offers an attractive mix consisting of spacious 2, one-bedroom units and 5, two-bedroom units. Three corner units feature extra large floorplans that include fireplaces. Almost all units include a breakfast bar, walk-in closets, and one unit has an expansive balcony. Ownership has strategically landscaped 791 Coronado Avenue to offer it’s residents a chic, tropical oasis like feel. All of the units feature granite or quartz countertops, and select units offer upgraded flooring and stainless steel appliances. In addition, the property offers upgraded plumbing, and features solar panels. Ownership will have upgraded all electrical panels by close of escrow. Located 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 residents convenient access to a plethora of retail, dining, and entertainment options.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 12 minutes ago | Last updated: April 12th, 2024 | Source CRMLS | DOM: 102
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Home details

Lot Sq. Ft
4,791
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Apartment
Status
Back Up Offer
MLS#
OC24005954
City
Long Beach
County
Los Angeles
Time on Site
107 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,280
  • Total Rent: $7,280
  • Pro Forma/Market Rent: $7,575
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,755
  • Total Rent: $3,755
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,481
  • Total Rent: $4,481
  • Pro Forma/Market Rent: $4,990
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.92%
  • Gross Rent Multiplier: 11.26
  • Gross Scheduled Income: $186,192
  • Net Operating Income: $127,314
  • Gross Operating Income: $180,606
  • Vacancy Allowance: $5,586
  • Other Income 1: $4,705
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $57,998
  • Electric: $1,180
  • Gas/Fuel: $1,180
  • New Taxes: $26,752
  • Trash: $1,180
  • Insurance: $5,250
  • Maintenance: $4,200
  • Professional Management: $9,266
  • Water/Sewer: $1,180
  • Other Expenses: $7,811
  • Other Expense Description: OTHER

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Property Details for 791 Coronado Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
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: 8
Lot Information
  • Lot Features: Corner Lot, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7258021014
  • 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: Other (OTHR)
  • Other Subdivision Name: BELLEVUE HEIGHTS
  • Directions: Cross Streets: Redondo Ave/E 7th Street
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 791 Coronado Ave

Last leased for $1,595 on May 18th, 2018

  • April, 2024

  • Apr 12, 2024

    Date

    Back Up Offer

    CRMLS: OC24005954

    $2,150,000

    Price

  • Jan 10, 2024

    Date

    Active

    CRMLS: OC24005954

    $2,375,000

    Price

  • May, 2018

  • May 18, 2018

    Date

    Leased

    CRMLS: SB18105001

    $1,595

    Price

  • May 11, 2018

    Date

    Price Change

    CRMLS: SB18105001

    $1,595

    Price

  • May 4, 2018

    Date

    Active

    CRMLS: SB18105001

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    Come take a look at this bright and open downstairs 2 bedroom, 1 bath unit that has a great feel and floor plan. This garden apartment has an open kitchen featuring granite and a breakfast bar. Laundry is in the building. There are extra cabinets in the hallway. Ocean breezes and a great location. Go a block in one direction and you are at the serene and beautiful Rose Park, around the corner are sandwiches and down the street is 7th Ave! Wow. The unit boasts laminate flooring, a re- tiled shower, and feels like you are in a treehouse. Pet Friendly too. You better come see it, as our units in this building are snatched up quickly. By the way, we are a great management team, just ask a tenant at the building. Don’t you want a manager that you like? YES! That’s us!! Dogs and Cats Welcome! =NO MONTHLY Pet Rent!= ('Blink' 'Blink' yes you read that right!)

  • March, 2018

  • Mar 16, 2018

    Date

    Leased

    CRMLS: SB18027793

    $1,375

    Price

  • Feb 26, 2018

    Date

    Price Change

    CRMLS: SB18027793

    $1,375

    Price

  • Feb 16, 2018

    Date

    Price Change

    CRMLS: SB18027793

    $1,425

    Price

  • Feb 8, 2018

    Date

    Price Change

    CRMLS: SB18027793

    $1,475

    Price

  • Feb 6, 2018

    Date

    Price Change

    CRMLS: SB18027793

    $1,545

    Price

  • Feb 6, 2018

    Date

    Active

    CRMLS: SB18027793

    $1,595

    Price

  • Listing provided courtesy of CRMLS

    Spacious 1/1 Condo, close to the beach and 7th street, PETS OK! Enjoy the beachy feel of this complex with ocean blue accents and palm trees... or... visit the BEACH and feel the sand between your toes just over a mile from home! This wonderful 1 BD 1 BA turnkey unit features beautiful wood-like floors and brand new bright white paint throughout. Kitchen features an abundance of cabinets for all your cooking needs, a gorgeous stainless steel sink and faucet, and an opening above the included stove to watch TV while making dinner. The bedroom includes a spacious closet perfect for fashionistas or storage. Washer and dryer on site. Centrally located in the heart of Long Beach, enjoy your choice of coffee and donut shops around the corner, Junipero Beach, CSULB, and a convenient string of stores on nearby 4th St and 7th St for dining, shopping, and more!

  • August, 2005

  • Aug 23, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

Show More

Tax History for 791 Coronado Ave

Assessed Value (2020): $1,499,751
Year Land Value Improved Value Assessed Value
2020 $874,692 $625,059 $1,499,751

Home Value Compared to the Market

This property vs the competition

791 Coronado Ave is listed 168.75% higher than the median list price for the city of Long Beach which has a median list price of $800,000. The median price per/sqft for Long Beach is $633 and this home is listed at $393.92 per/sqft which puts the price per square foot 37.77% lower than the median price per square foot for the city of Long Beach.

About 791 Coronado Ave

Detailed summary of property

791 Coronado Ave is a apartment located in Long Beach, CA 90804 and is currently in escrow to be sold. This apartment offers 12 bedrooms, 7 bathrooms, roughly 5,458 living square feet, and sits on an approximately 4,791 square foot lot. 791 Coronado Ave was first listed on ArdentRealEstateGroup.com on January 11, 2024. The homeowner is currently asking $2,150,000 and was originally asking $2,375,000. The median priced home in Long Beach is $800,000 with a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 168.75% higher than the median priced home. Local competing homes currently for sale include 441 Dawson Ave, 536 Saint Louis Ave and 337 Ximeno Ave. While the average home in Long Beach, CA is selling in 56 days, 791 Coronado Ave has a days on market of 102 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 791 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 791 Coronado Ave

Public county record property details
Beds
10
Baths
7
Year built
1963
Sq. Ft.
5,458
Lot Size
4,972
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
7258-021-014

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
$519,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$642,000
Median Sold Price/Sq.Ft.
$584
Total Inventory
41
Median Sale to List Price %
95.82%
Avg Days on Market
25
Loan Type
Conventional (83.33%), FHA (0%), VA (0%), Cash (0%), Other (16.67%)

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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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