Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
1 in this area
144 Total Sales
2829 E Coolidge St Long Beach, CA 90805
Ramona Park Neighborhood
3
Beds
2
Baths
15,737
Sq Ft
0.39
Acres
Highlights
- 0.39 Acre Lot
- Laundry Room
- Level Lot
- Community Pool
About This Home
As of September 2023Coolidge Apartments is an 18-unit multifamily investment property located in Long Beach, CA. Coolidge Apartments offers a desirable mix of spacious one and two-bedroom floor plans and amenities including garage parking, gated access, an on-site laundry facility, and a central courtyard with a swimming pool. Unit interiors feature hardwood and carpet flooring, granite countertops, and ceiling fans. Coolidge Apartments has an excellent Long Beach location within 2 miles of the Lakewood Center, providing tenants with convenient access to everyday needs. The property is also located just over 3 miles from the plethora of retail, dining, and entertainment options at the Long Beach Exchange. Additionally, Coolidge Apartments is within blocks of all three levels of schooling. The property is within walking distance of the recently completed Bridge Point Long Beach industrial facility, a state-of-the-art distribution center with additional office space that is currently being leased by a major transportation and logistics provider that supplies operations for the United States Postal Service. According to the developer, Bridge Industrial, the facility is expected to bring more than 500 new jobs to the area. Furthermore, Coolidge Apartments benefits from its close proximity to State Route 91 and Interstate 710, connecting residents to employment hubs throughout Orange, Los Angeles, and Riverside Counties.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 04/05/2023
Last Buyer's Agent
Marcus & Millichap RE Invest License #01451551 Listed on: 04/05/2023
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 0.39 Acre Lot
- No Common Walls
- Level Lot
Parking
- 14 Car Garage
Interior Spaces
- 15,737 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 8662
- Assessor Parcel Number 7120001033
- $3,607 per year additional tax assessments
Community Details
Recreation
- Community Pool
Building Details
- 18 Leased Units
- Rent Control
- 18 Separate Electric Meters
- Electric Expense $6,161
- Fuel Expense $6,161
- Insurance Expense $10,800
- Maintenance Expense $13,500
- Other Expense $31,207
- Professional Management Expense $15,574
- Trash Expense $6,161
- Water Sewer Expense $6,164
- New Taxes Expense $54,699
- Operating Expense $150,427
- Gross Income $400,575
- Net Operating Income $238,913
Additional Features
- 18 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $4,050,000 | -12.0% | $257 / Sq Ft |
| 07/31/2023 07/31/23 | Pending | -- | -- | -- |
| 04/05/2023 04/05/23 | For Sale | $4,600,000 | -- | $292 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23052526
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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