1445 Coronado Ave Long Beach, CA 90804
Zaferia NeighborhoodEstimated payment $14,749/month
About This Home
Nestled in the highly desirable East Long Beach area, this charming 8-unit apartment building offers a fantastic investment opportunity. Built in 1956, the property combines mid-century charm with modern convenience. With 7 well-maintained one-bedroom, one-bathroom units and 1 spacious two-bedroom, one-bathroom unit, this property caters to a variety of tenants' needs.
Each unit is separately metered for gas and electricity, providing ease of management and cost control. Tenants enjoy the convenience of on-site parking, with 5 single-car garage spaces and 4 open parking spaces available.
The property's landscaping is designed for low maintenance, reducing operational costs while maintaining an attractive curb appeal. This thoughtful landscaping choice appeals to potential tenants while also easing the landlord's responsibilities.
One of the key selling points of this investment is the potential for increased rental income. Long Beach's rental market has shown consistent growth, and this property offers an opportunity to capitalize on that trend. The unit mix provides versatility, attracting a wide range of tenants, and the separately metered utilities allow for fair billing practices.
Location is paramount in real estate, and this property excels in that regard. Situated in East Long Beach, it benefits from proximity to schools, parks, shopping, and dining. Easy access to major transportation routes further enhances its appeal.
Investors looking for a promising multi-family property with enduring upside potential will find this 8-unit apartment building in Long Beach to be an attractive addition to their portfolio. Whether you're seeking a stable income stream or a long-term investment with room for growth, this property is worth considering. Don't miss out on this opportunity to own a piece of East Long Beach real estate history.
Listing Agent
Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 06/18/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 7,423 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Open Parking Spaces
- 5 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,328 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 7
- Assessor Parcel Number 7259007018
- $1,573 per year additional tax assessments
Community Details
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,414
- Fuel Expense $3,833
- Gardener Expense $1,485
- Insurance Expense $6,021
- Maintenance Expense $8,984
- Pest Control $1,624
- Professional Management Expense $8,586
- Trash Expense $2,112
- Water Sewer Expense $4,205
- New Taxes Expense $32,578
- Operating Expense $71,342
- Gross Income $191,152
- Net Operating Income $119,810
Additional Features
- 8 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,786 | $1,333,075 | $535,906 | $797,169 |
| 2024 | $17,786 | $1,306,938 | $525,399 | $781,539 |
| 2023 | $17,477 | $1,281,313 | $515,098 | $766,215 |
| 2022 | $16,422 | $1,256,191 | $504,999 | $751,192 |
| 2021 | $16,070 | $1,231,561 | $495,098 | $736,463 |
| 2019 | $15,841 | $1,195,414 | $480,414 | $715,000 |
| 2018 | $15,376 | $1,171,983 | $470,995 | $700,988 |
| 2016 | $14,144 | $1,126,109 | $452,706 | $673,403 |
| 2015 | $13,587 | $1,109,194 | $445,906 | $663,288 |
| 2014 | $12,525 | $1,000,000 | $402,000 | $598,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2025 06/18/25 | For Sale | $2,500,000 | -- | $469 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25136674
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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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