REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,100,000
Est. payment /mo
Coming Soon
1009 Coronado Ave Long Beach, CA 90804-3821
8 Beds
4 Baths
4,884 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,884 sqft
Price per Sqft $225
Bedrooms 8
Full Baths 4
Lot Size 5,501 Sqft
Property Description
Address: 1009 Coronado Ave, Long Beach, CA 90804
Asking Price: $1,100,000
After Repair Value (ARV): $1,700,000
Property Type: Quadplex
Built: 1928
Property Overview:
This 4-unit quadplex, located in the vibrant Long Beach area, is a prime investment opportunity. Each unit features 2 bedrooms and 1 bathroom, with all units individually metered for utilities, reducing operational costs for the owner. Offering a total of 4,884 sq/ft of living space on a 5,501 sq/ft lot, this property combines historical charm with solid rental income potential.
Unit Breakdown:
Unit 1: Vacant (ready for occupancy or renovation)
Unit 2: Rented at $900/month
Unit 3: Rented at $1,800/month
Unit 4: Rented at $1,300/month
Property Features:
Individually Metered Utilities: Each tenant is responsible for their own utility costs.
Spacious Units: Each 2-bedroom, 1-bath unit offers comfortable living space with opportunities to increase rental income after updates.
Solid Investment Potential: Current rents provide steady cash flow, with room for value-add improvements to maximize returns.
Location:
Situated in a desirable Long Beach neighborhood, this property offers convenient access to local amenities, schools, shopping, dining, and transportation hubs.
Investment Highlights:
With one vacant unit and under-market rents on the remaining units, this quadplex is ideal for investors looking to renovate and increase cash flow. The projected After Repair Value (ARV) of $1.7M makes this a lucrative opportunity for long-term investment or resale.
Asking Price: $1,100,000
After Repair Value (ARV): $1,700,000
Property Type: Quadplex
Built: 1928
Property Overview:
This 4-unit quadplex, located in the vibrant Long Beach area, is a prime investment opportunity. Each unit features 2 bedrooms and 1 bathroom, with all units individually metered for utilities, reducing operational costs for the owner. Offering a total of 4,884 sq/ft of living space on a 5,501 sq/ft lot, this property combines historical charm with solid rental income potential.
Unit Breakdown:
Unit 1: Vacant (ready for occupancy or renovation)
Unit 2: Rented at $900/month
Unit 3: Rented at $1,800/month
Unit 4: Rented at $1,300/month
Property Features:
Individually Metered Utilities: Each tenant is responsible for their own utility costs.
Spacious Units: Each 2-bedroom, 1-bath unit offers comfortable living space with opportunities to increase rental income after updates.
Solid Investment Potential: Current rents provide steady cash flow, with room for value-add improvements to maximize returns.
Location:
Situated in a desirable Long Beach neighborhood, this property offers convenient access to local amenities, schools, shopping, dining, and transportation hubs.
Investment Highlights:
With one vacant unit and under-market rents on the remaining units, this quadplex is ideal for investors looking to renovate and increase cash flow. The projected After Repair Value (ARV) of $1.7M makes this a lucrative opportunity for long-term investment or resale.
Location
State CA
County Los Angeles
Listed by Brian Ngoy • Ngoy Realty Group | EXP Realty | PGI Estates
GET MORE INFORMATION
