Bought with Stephen Takahashi
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1424 Coronado AVE Long Beach, CA 90804
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Key Details
Sold Price $1,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB25166153
Sold Date 09/09/25
Year Built 1923
Lot Size 6,880 Sqft
Source California Regional MLS
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
Laundry Community Facility
Exterior
Garage Spaces 5.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 7259007023
Special Listing Condition Not Applicable
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