CA > Long Beach
Long Beach, CA 90804,1424 Coronado AVE
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Long Beach, CA 90804,1424 Coronado AVE
Long Beach, CA 90804,1424 Coronado AVE
Long Beach, CA 90804,1424 Coronado AVE
Long Beach, CA 90804,1424 Coronado AVE
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Engel & Völkers Palm Desert

Engel & Völkers Palm Desert

+1(909) 327-2223
$ 1,250,000
Est. payment /mo
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Active Under Contract

1424 Coronado AVE Long Beach, CA 90804

6,878 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25166153

HOA Y/N No

Year Built 1923

Lot Size 6,878 Sqft

Property Sub-Type Apartment

Property Description

We are proud to present 1424 Coronado Avenue, a charming bungalow-style investment opportunity located in the heart of Long Beach. This property features single-story living across all units, each offering a desirable 1-bedroom, 1-bath layout. All units are in very good condition, providing investors with low maintenance and strong tenant appeal. The property includes four garage spaces that were built within the last five years, adding value and functionality. With a current 5.91% CAP rate and the potential to reach a 7.69% market CAP, along with an 11.43 GRM and market potential of 9.26, this asset offers both immediate stability and future upside.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7259007023

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Stephen Takahashi Lyon Stahl Investment Real Estate, Inc. 310-403-9145
agent

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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1424 Coronado AVE