1424 Coronado Avenue, Long Beach, California 90804
  • $1,250,000

Overview

Property ID: SB25166153
  • Apartment, Residential Income
  • Property Type
  • 5.0
  • Garages
  • 2592 Sqft
  • Area Size
  • 1923
  • Year Built

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.

  • Address: 1424 Coronado Avenue
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90804
  • Country: US

Details

Updated on September 9, 2025 at 8:53 pm
  • Property ID SB25166153
  • Price $1,250,000
  • Property Size 2592 Sqft
  • Land Area 0.1579 Acres
  • Garages 5.0
  • Year Built 1923
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Sidewalks, Urban

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