Seller's Agent in 2020
Kevin King
Marcus & Millichap
(562) 257-1245
3 in this area
40 Total Sales
394 Coronado Ave Long Beach, CA 90814
Bluff Heights Neighborhood
5
Beds
4
Baths
8,688
Sq Ft
7,426
Sq Ft Lot Lot
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- No Heating
About This Home
As of March 2020We are pleased to present an outstanding multi-family opportunity located in the prime Bluff Heights area of Long Beach. Built in 1963, the property consists of approximately 8,688 square feet set on a 7,418 square foot lot. The subject property is comprised of one one-bedroom/one-bathroom unit, one 2-bedroom/2-bathroom unit and nine 2-bedroom/1-bathroom units. Many of the units have newer hardwood floors and all have been very well maintained with many upgrades.
Located in Bluff Heights, the subject property is just walking distance to the outstanding retail corridors of Broadway and Second Street, which are both home to many casual and fine dining restaurants, storefront retail shops and various business of the area. Furthermore, with a "walk score" of “90" and is deemed "very walkable, where most errands can be accomplished on foot." This is truly a unique opportunity to acquire a quality, value add, true pride of ownership asset in this outstanding rental market and would make a great addition to any investor's portfolio. The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $3.5 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which completed late 2019.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/25/2019
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,426 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 6 Car Garage
Home Design
- 8,688 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Utilities
- No Heating
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 1 / 2
- Tax Tract Number 4
- Assessor Parcel Number 7257014001
Community Details
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,540
- Fuel Expense $1,540
- Gardener Expense $1,200
- Insurance Expense $2,900
- Maintenance Expense $10,640
- Other Expense $2,750
- Professional Management Expense $11,818
- Trash Expense $935
- Water Sewer Expense $1,540
- New Taxes Expense $50,700
- Operating Expense $85,563
- Gross Income $251,520
- Net Operating Income $169,511
Additional Features
- 11 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2020 03/10/20 | Sold | $4,100,000 | -3.0% | $472 / Sq Ft |
| 01/28/2020 01/28/20 | Pending | -- | -- | -- |
| 11/19/2019 11/19/19 | Price Changed | $4,225,000 | -1.6% | $486 / Sq Ft |
| 09/25/2019 09/25/19 | For Sale | $4,295,000 | -- | $494 / 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 | $56,746 | $4,483,946 | $2,734,114 | $1,749,832 |
| 2024 | $56,746 | $4,396,026 | $2,680,504 | $1,715,522 |
| 2023 | $55,793 | $4,309,831 | $2,627,946 | $1,681,885 |
| 2022 | $52,340 | $4,225,325 | $2,576,418 | $1,648,907 |
| 2021 | $51,312 | $4,142,476 | $2,525,900 | $1,616,576 |
| 2020 | $45,674 | $3,644,700 | $2,601,000 | $1,043,700 |
| 2019 | $45,137 | $3,573,300 | $2,550,000 | $1,023,300 |
| 2018 | $13,766 | $996,527 | $397,290 | $599,237 |
| 2016 | $12,643 | $954,660 | $381,863 | $572,797 |
| 2015 | $12,162 | $940,322 | $376,128 | $564,194 |
| 2014 | $12,128 | $921,904 | $368,761 | $553,143 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
G
Buyer's Agent in 2020
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19228614
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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