263 Corona Avenue Long Beach, CA $ 2,499,000
263 Corona Avenue
$ 2,499,000
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263 Corona Avenue

Long Beach, CA, 90803
$ 2,499,000
Bedrooms5 Baths4.1 Sq 4,312

Monthly Estimate*

$ 16,609

Listed by California Real Estate Company
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Multi-Family Home for sale in Long Beach, CA

for $2,499,000 with 5 bedrooms and 4 full baths, 1 half bath. This 4,312 square foot home was built in 1943 on a lot size of 0.186.

Welcome to 263 Corona, a unique and well appointed multi-unit property laid out perfectly on its 8,100+ square foot lot in the highly desirable Belmont Park. From the incredibly clean curb appeal with recently renovated exterior and hardscape, you're greeted by the main entrance to the 3 front units just inside a main front door right beyond the recently renovated downstairs unit's patio. The first floor entry to the 2 bedroom 1 bathroom + den gives way to an impressively sized first floor unit which wraps the majority of the footprint of the front 3 units. Upstairs, either side of the hall is each upstairs 1 bedroom 1 bathroom's entry which is split amongst the second floor in its entirety. Behind the 3 front units, lies one of the most impressive 1 bedroom 1.5 bathroom rentals you may ever find in Belmont Park. With it's expensive vaulted ceilings, recently renovated kitchen, bar for entertaining and private backyard, hardscaped patio deck, and private two car garage, this living space can double as an owner looking for passive income or an incredibly impressive rental. All units aside from the front downstairs 2 bedroom share the laundry room attached to the 4 car garage with its own private laundry room entry and all enjoy upgraded copper plumbing throughout. This is quite possibly one of the most unique and impressive multi units you may ever find in Belmont Park whether you're looking for an investment or a place to land just steps from anything you could ever want coupled with offset passive income.

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Multi-Family Active

Price

$ 2,499,000

Bedrooms

5

Full Bath

4

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.186

Year Built

1943

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24071664

Days on Market

21

Features
General
Sewer PublicSewer
Heating Central WallFurnace
Cooling CentralAir WallWindowUnits
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 1943
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 104160.0
Community Features Suburban
County Los Angeles
Net Operating Income 92619.01
Operating Expense 11540.9
Insurance Expense 2592.7
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency All units are rented currently. Please note that photos may be from previous years prior to tenants moving in. Only exterior photos are current. Please note that all expenses are an estimated amount
Subdivision Name Belmont Park (BP)
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions .
City Long Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area 1 - Belmont Shore/Park Naples Marina Pac Bay Hrbr
Lot Size Square Feet 8104.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 4
Street Name Corona Avenue
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 3519.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 2885.8
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 15
Property Sub Type Additional Quadruplex
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Exterior
Lot Features Item25UnitsAcre
Water Source Public
Total Parking 4.0
Lot Size Area 8104.0
Number of Buildings 1
Spa N
Building Area Total 4312.0
Lot Size Acres 0.186
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features Gas
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Laundry Features Inside LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 263
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* Excluded Features
List By
California Real Estate Company

Broker

(714) 376-0782

Phone

Affordability Calculator

$16,609
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,609
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$2,499,000 Listed Price

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263 Corona Avenue, Long Beach, CA, 90803 is a Multi-Family Home for sale at $2,499,000 with 4,312 sqft and a lot size of 0.186. 263 Corona Avenue has 5 bedrooms, 4.1 baths, and was built in 1943. The property's zip code is 90803 which is in Long Beach, CA