NOT LISTED FOR SALE
2 Beds
1 Bath
7,682 Sq Ft
6,499 Sq Ft

Last Sold July 02, 2020

Last sale price $2,200,000 $286 Per Sq Ft

50 Days on Market

Highlights

  • Community Pool
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of July 2020

1757-1765 Coronado Avenue, a 12-unit investment property in Long Beach, California. The property is located between Pacific Coast Highway and 17th Street in the Zaferia neighborhood just minutes from Alamitos Bay and the beach.1 This property consists of all 2-bedroom 1-bathroom units. All the units are separately metered for gas and electricity. The property also offers ample surface parking in the rear of the building.

Last Agent to Sell the Property

Shane Young

Younglewin Advisors, Inc. License #01963090 Listed on: 03/25/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 7,682 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 17 / 1
  • Tax Tract Number 1954
  • Assessor Parcel Number 7259001018

Community Details

Overview

  • 2 Buildings
  • 12 Units

Recreation

  • Community Pool

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Gardener Expense $720
  • Insurance Expense $3,073
  • Maintenance Expense $7,800
  • Pest Control $600
  • Professional Management Expense $8,590
  • New Taxes Expense $38,294
  • Operating Expense $66,728
  • Gross Income $171,795
  • Net Operating Income $105,067

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

6,501 Sq Ft Lot

Listing Details

  • Professional Management Expense: 8590.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7259001018
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 286.38

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Parking: Yes

Utilities

  • Laundry: Yes
  • Pest Control Expense: 600.00
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 171795.00
  • Gross Scheduled Income: 177108.00
  • Insurance Expense: 3073.00
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 7800.00
  • Net Operating Income: 105067.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 66729.00
  • Rent Control: No
  • Total Expenses: 66728.00

Tax Info

  • New Taxes Expense: 38294.00
  • Tax Block: 1
  • Tax Census Tract: 5751.03
  • Tax Lot: 17
  • Tax Tract Number: 1954
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2020 07/02/20 Sold $2,200,000 -26.4% $286 / Sq Ft
03/25/2020 03/25/20 For Sale $2,990,000 -- $389 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,663 $1,190,674 $649,458 $541,216
2024 $16,663 $1,167,328 $636,724 $530,604
2023 $16,351 $1,144,440 $624,240 $520,200
2022 $14,489 $1,122,000 $612,000 $510,000
2021 $14,188 $1,100,000 $600,000 $500,000
2020 $8,125 $587,315 $214,208 $373,107
2019 $8,031 $575,810 $210,008 $365,802
2018 $7,739 $564,531 $205,891 $358,640
2016 $7,118 $542,093 $197,897 $344,196
2015 $6,846 $533,951 $194,925 $339,026
2014 $6,827 $523,492 $191,107 $332,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20063520

California Regional Multiple Listing Service (CRMLS)
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