$1,750,000 Price Analysis   ♡   Long 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 |
Offered at a 5.87 percent cap rate on current rents
This asset is a fantastic acquisition opportunity for an invstor lo oking 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.
Presented by Steven Bogoyevac at
Steven M. Bogoyevac, Broker.
Property MLS #PW24064035 from CRMLS
Lot Size Acres: 0.1435032
Lot Size Source: Assessor
Lot Size Square Feet: 6251
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
County: Los Angeles
Source Property Type: Residential Income
Area: 3 - Eastside, Circle Area
Source Neighborhood: Eastside (ES)
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Parcel Number: 7258006011
Postal Code Plus 4: 3828
Subdivision: Eastside (ES)
Zoning: LBR2N
Source System Name: C2C
| 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 |
$1,750,000
CRMLS
Sold 2016-04-19
$715,000
Public Record
Sold 1971-06-07
$29,000
Public Record
Year Built: 1923
Building Features: 8
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 101
Building Total Stories: 1
Structure Type: Commercial/Residential
Year Built Source: Assessor
Water Source: Public
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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.