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Sold on 09/29/2023
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2829 E Coolidge St, Long Beach, CA 90805

$4,050,000

Last sold 09/29/2023 after 177 Days

  • —

    bed

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    bath

Multi-family not for sale

About 2829 E Coolidge St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 0.39 Acre
Parking 14 garage spaces
Rental estimate
Property description
Coolidge Apartments is an 18-unit multifamily investment property located in Long Beach, CA. Coolidge Apartments offers a desirable mix of spacious one and two-bedroom floor plans and amenities including garage parking, gated access, an on-site laundry facility, and a central courtyard with a swimming pool. Unit interiors feature hardwood and carpet flooring, granite countertops, and ceiling fans. Coolidge Apartments has an excellent Long Beach location within 2 miles of the Lakewood Center, providing tenants with convenient access to everyday needs. The property is also located just over 3 miles from the plethora of retail, dining, and entertainment options at the Long Beach Exchange. Additionally, Coolidge Apartments is within blocks of all three levels of schooling. The property is within walking distance of the recently completed Bridge Point Long Beach industrial facility, a state-of-the-art distribution center with additional office space that is currently being leased by a major transportation and logistics provider that supplies operations for the United States Postal Service. According to the developer, Bridge Industrial, the facility is expected to bring more than 500 new jobs to the area. Furthermore, Coolidge Apartments benefits from its close proximity to State Route 91 and Interstate 710, connecting residents to employment hubs throughout Orange, Los Angeles, and Riverside Counties.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: 714-713-9086
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC23052526 • last updated 3 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.39
Lot Size (SqFt) 16988.4
Year Built 1964
Interior
Laundry Community
Exterior
Building Area Square Feet, 15737
# Parking Spaces 14
# Garage Spaces 14
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool Community
Location
County Los Angeles
Community Features Curbs, Sidewalks
Zoning LBR2N
Directions Nearby Cross Streets: East Coolidge Street & Paramount Boulevard
APN 7120001033
Multifamily Details
Vacancy Allowance 11236
Expense: Trash 6161
Operating Expense 150427
Expense: Insurance 10800
Total Expenses 150427
Expense: Maintenance 13500
Expense: Water/ Sewer 6164
Gross Income 400575
Gross Operating Income 389339
Expense: Electric 6161
Gross Scheduled Income 374520
Expense: Fuel 6161
Rental est.: $1,492/month
Gross rent multiplier: 226.2
  • Oct 2023
    Public Records
  • Oct 2, 2023 Sold
    $4,050,000
  • Sep 2023
    mls logo MLS # OC23052526
  • Sep 29, 2023 Sold
    $4,050,000 (-12.0%)
  • Jul 31, 2023 Pending
    —
  • Apr 5, 2023 Listed
    $4,600,000
  • Year Property taxes Tax assessment
  • 2024
    $54,047 +92.7%
    $4,050,000 +107.12%
  • 2023
    $28,052 +6.2%
    $1,955,342
  • 2022
    $26,403 +2.4%
    $1,955,342 +4.04%
  • 2021
    $25,776 +0.3%
    $1,879,415 +1.04%
  • 2020
    $25,704
    $1,860,145
  • 2829 E Coolidge St
    $4.05M
  • Ramona Park
    $428K -7% y/y
  • 90805
    $685K 0% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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