Seller's Agent in 2020
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
75 Total Sales
1066 Coronado Ave Long Beach, CA 90804
Rose Park Neighborhood
2
Beds
2
Baths
7,208
Sq Ft
6,249
Sq Ft Lot
Highlights
- Laundry Room
- Central Heating
- Stacked Washer and Dryer
- Woodrow Wilson High School Rated A
- 14 Car Garage
- 1-Story Property
About This Home
As of September 20201066 Coronado Avenue is a highly sought-after 1980's property in the popular Eastside submarket of Long Beach. The building features eight bright, sizable two-bedroom units. All units offer private balconies, two full bathrooms, washer/dryer in-unit, refrigerator, gas range and dishwasher. The building is secured with locked entrances and security cameras. Additionally, with 14 parking spaces in the gated garage, there is potential to increase income by renting extra spaces. The meticulously maintained property features a nearly new roof in excellent condition. Tenants pay for their own gas and electric, keeping the building's utility expenses low. This investment asset offers an investor an attractive, well-kept property in a desirable, low-vacancy residential neighborhood with over 12% rental upside potential.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 01/22/2020
Co-Listed By
Mark Witsken
KW Advisors License #01884724
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 6,249 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 14 Car Garage
- Parking Available
Home Design
- Apartment
Interior Spaces
- 7,208 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Additional Features
- Urban Location
- Central Heating
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 5769
- Assessor Parcel Number 7258006007
Community Details
Overview
- 8 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Electric Expense $947
- Fuel Expense $947
- Gardener Expense $720
- Insurance Expense $3,244
- Maintenance Expense $3,000
- Other Expense $1,400
- Pest Control $500
- Professional Management Expense $7,698
- Trash Expense $947
- Water Sewer Expense $947
- New Taxes Expense $31,250
- Operating Expense $52,101
- Gross Income $192,455
- Net Operating Income $140,354
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/16/2020 09/16/20 | Sold | $2,405,000 | -7.5% | $334 / Sq Ft |
| 07/23/2020 07/23/20 | Pending | -- | -- | -- |
| 07/01/2020 07/01/20 | Price Changed | $2,600,000 | 0.0% | $361 / Sq Ft |
| 07/01/2020 07/01/20 | For Sale | $2,600,000 | +8.1% | $361 / Sq Ft |
| 06/23/2020 06/23/20 | Off Market | $2,405,000 | -- | -- |
| 01/22/2020 01/22/20 | For Sale | $2,900,000 | -- | $402 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Robert Stepp
-
M
Seller Co-Listing Agent in 2020
Mark Witsken
KW Advisors
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
None MRML
(646) 541-2551
5,992 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20015163
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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