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Sold on 09/09/2025
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1424 Coronado Ave, Long Beach, CA 90804

$1,250,000

Last sold 09/09/2025 after 48 Days

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    bed

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    bath

Multi-family not for sale
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About 1424 Coronado Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 6,880 Sqft
Parking 5 garage spaces
Rental estimate
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.
Listed by
Listing Agent - Stephen Takahashi
Listing Agent Contact: 310-403-9145
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS mls logo
MLS#SB25166153 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1579
Lot Size (SqFt) 6880
Year Built 1923
Interior
Laundry Community
Exterior
Building Area Square Feet, 2592
# Parking Spaces 5
# Garage Spaces 5
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks, Urban
Directions Head East On Valley Dr Toward Pacific Ave 105 Ft Turn Right At The 1st Cross Street Onto Pacific Ave 131 Ft Slight Left Onto Marine Ave 2.4 Mi Turn Right Onto Inglewood Ave 0.3 Mi Turn Right To Merge Onto I-405 S Toward Long Beach 0.2 Mi Merge Onto I
APN 7259007023
Multifamily Details
Expense: Trash 450
Operating Expense 32130
Cap Rate 5.91
Expense: Insurance 6500
Total Expenses 32130
Expense: Maintenance 2293
Expense: Water/ Sewer 1096
Gross Income 109320
Gross Multiplier 11.43
Gross Scheduled Income 109320
Expense: Gardener 700
Rental est.: $1,372/month
Gross rent multiplier: 75.9
  • Sep 2025
    mls logo MLS # SB25166153
  • Sep 9, 2025 Sold
    $1,250,000
  • Aug 22, 2025 Pending
    —
  • Aug 11, 2025 Listed
    —
  • Jul 30, 2025 Active
    —
  • Jul 23, 2025 Listed
    $1,250,000 (-10.7%)
  • Sep 2025
    Public Records
  • Sep 9, 2025 Sold
    $1,250,000
  • Feb 2019
    Public Records
  • Feb 22, 2019 Sold
    $1,400,000 (+50.5%)
  • Mar 2018
    Public Records
  • Mar 13, 2018 Sold
    $930,000
  • Year Property taxes Tax assessment
  • 2024
    $20,163 +1.7%
    $1,531,101 +2.0%
  • 2023
    $19,819 +6.5%
    $1,501,080 +2.0%
  • 2022
    $18,605 +2.0%
    $1,471,648 +2.0%
  • 2021
    $18,235 +0.3%
    $1,442,793
  • 2020
    $18,189 +933.6%
    $1,442,793 +1825.5%
  • 2018
    $1,760
    $74,931
  • 1424 Coronado Ave
    $1.25M
  • Zaferia
    $420K +25% y/y
  • 90804
    $449K -1% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Lee Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/31/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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