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Image 1 - 1048 Coronado Ave, Long Beach, California, 90804 - House for sale
Image 2 - 1048 Coronado Ave, Long Beach, California, 90804 - House for sale
Image 3 - 1048 Coronado Ave, Long Beach, California, 90804 - House for sale
Image 4 - 1048 Coronado Ave, Long Beach, California, 90804 - House for sale
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Home For Sale In Long Beach, California
1048 Coronado Ave, Long Beach, California, 90804

Home For Sale In Long Beach, California

house for sale
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Listed: 04/05/24

1048 Coronado Ave, Long Beach, California, 90804

8 Bed:
8 Bath:
3,072 Sq Ft Living Area:
Save
Price
$ 1,75M

About This House

Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1048 Coronado Avenue …  Full description

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Long Beach Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 2 bed houses for sale in/near Long Beach, United States averaged $820,250, a decrease of 12.7% from the previous month.
Median price trends for properties for sale in Long Beach, United States as of June 2024.

Household Income

Median household income: $61,610
Number of households: 173,432
The average household income in Long Beach, CA grew from $60,557 to $61,610 in the past year. This data is an estimate based upon 173,432 households in Long Beach, CA.
The chart below presents how household income is distributed in Long Beach, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Long Beach, CA compared to median property taxes around the country. The prevalent amount of property taxes in Long Beach, CA equals $3k+ , which is more than the national average.