$1,250,000
$1,250,000
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2,592 SqFt
SOLD DATE : 09/09/2025
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $482
MLS Listing ID CRSB25166153
Sold Date 09/09/25
HOA Y/N No
Year Built 1923
Lot Size 6,880 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
We are proud to present 1424 Coronado Avenue, a charming bungalow-style investment opportunity located in the heart of Long Beach. This property features single-story living across all units, each offering a desirable 1-bedroom, 1-bath layout. All units are in very good condition, providing investors with low maintenance and strong tenant appeal. The property includes four garage spaces that were built within the last five years, adding value and functionality. With a current 5.91% CAP rate and the potential to reach a 7.69% market CAP, along with an 11.43 GRM and market potential of 9.26, this asset offers both immediate stability and future upside.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Other
New Construction No
Others
Tax ID 7259007023
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with StephenTakahashi
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "