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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25166153
Sold Date 09/09/25
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction 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 Mar
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 7259007023
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Bought with Stephen Takahashi Lyon Stahl Investment Real Estate, Inc.
