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1048 Coronado Avenue Long Beach, CA $ 1,750,000
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$ 1,750,000 Get more info
1048 Coronado Avenue
$ 1,750,000
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Share Save

1048 Coronado Avenue

Long Beach, CA, 90804
$ 1,750,000
Bedrooms8 Baths1.0 Sq 3,072

Monthly Estimate*

$ 11,631

Listed by Steven M. Bogoyevac, Broker
1048 Coronado Avenue, Long Beach, CA 90804 - Image 1
1048 Coronado Avenue, Long Beach, CA 90804 - Image 2
1048 Coronado Avenue, Long Beach, CA 90804 - Image 3
1048 Coronado Avenue, Long Beach, CA 90804 - Image 4
1048 Coronado Avenue, Long Beach, CA 90804 - Image 5
1048 Coronado Avenue, Long Beach, CA 90804 - Image 6
1048 Coronado Avenue, Long Beach, CA 90804 - Image 7
1048 Coronado Avenue, Long Beach, CA 90804 - Image 8

Multi-Family Home for sale in Long Beach, CA

for $1,750,000 with 8 bedrooms and 1 full bath. This 3,072 square foot home was built in 1923 on a lot size of 0.1435.

Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

8

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.1435

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24064035

Days on Market

81
Features
General
Sewer PublicSewer
Zoning LBR2N
Garage Spaces 0.0
Pool Features None
Year Built 1923
Property SubType MixedUse
Gross Income 0.0
Community Features Suburban
County Los Angeles
Net Operating Income 0.0
Operating Expense 0.0
Insurance Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Eastside (ES)
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of 10th west of redondo
City Long Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 8
MLS Area 3 - Eastside Circle Area
Lot Size Units SquareFeet
Lot Size Square Feet 6251.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 11
Property Sub Type Additional MixedUse
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Exterior
Lot Features RectangularLot
Water Source Public
Total Parking 0.0
Lot Size Area 6251.0
Number of Buildings 8
Spa N
Building Area Total 3072.0
Lot Size Acres 0.1435
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1048
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* Excluded Features
List By
Steven M. Bogoyevac, Broker

Broker

(562) 257-1231

Phone

Affordability Calculator

$11,631
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,631
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/1/2024$1,750,000 Listed Price

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1048 Coronado Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $1,750,000 with 3,072 sqft and a lot size of 0.1435. 1048 Coronado Avenue has 8 bedrooms, 1.0 baths, and was built in 1923. The property's zip code is 90804 which is in Long Beach, CA

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