$1,750,000 Price Analysis 1048 Coronado AveLong Beach, CA 90804 8 bed 8 bath 3,072 SqFt ($569/SqFt) 6,251SqFt lot. Built 1923 Listed 2024-04-01, Taxes $10,832 | Ⓧ USDA Ineligible due to price & location near Long Beach |
This asset is a exceptional 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 als o 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 portfolo sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.
Presented by Steven Bogoyevac at
Steven M. Bogoyevac, Broker.
Property MLS #PW24064035 from CRMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $172,904 + $624,688 $797,592 | $10,832 |
2021 | $169,514 + $612,440 $781,954 | $10,595 |
2020 | $167,776 + $606,161 $773,937 | $10,568 |
2019 | $164,487 + $594,276 $758,763 | $10,444 |
2018 | $161,262 + $582,624 $743,886 | $10,103 |
2017 | $280,500 + $714,000 $994,500 | $13,226 |
2016 | $207,789 + $577,201 $784,990 | $10,123 |
2015 | $204,668 + $568,531 $773,199 | $9,730 |
2014 | $200,659 + $557,395 $758,054 | $9,696 |
2013 | $199,753 + $554,876 $754,629 | $9,405 |
2012 | $195,837 + $543,997 $739,834 | $9,549 |
2010 | $191,998 + $533,331 $725,329 | $9,084 |
2009 | $191,017 + $530,604 $721,621 | $9,007 |
2009 | $190,564 + $529,346 $719,910 | $9,007 |
2008 | $187,272 + $520,200 $707,472 | $8,393 |
2007 | $44,265 + $25,784 $70,049 | $1,590 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.