133 Corona Avenue

Long Beach, CA 90803

$1,999,000
Price
6
Beds
6
Baths
3,312 Sq. Ft.
$604 / Sq. Ft.
3,312
Sq. Ft.
$604
per Sq. Ft.

Description

Sage Real Estate is Proud to present this exceptional 4-Unit Investment Opportunity in Prime Belmont Shore! Discover the epitome of coastal living with this exquisite 4-unit property located in the heart of Belmont Shore, just steps from the beach and the vibrant shops and cafes of 2nd Street. This building offers a blend of lifestyle and investment potential, ideal for both family legacy and savvy investors. Unit Mix: Features two 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Each unit...Sage Real Estate is Proud to present this exceptional 4-Unit Investment Opportunity in Prime Belmont Shore! Discover the epitome of coastal living with this exquisite 4-unit property located in the heart of Belmont Shore, just steps from the beach and the vibrant shops and cafes of 2nd Street. This building offers a blend of lifestyle and investment potential, ideal for both family legacy and savvy investors. Unit Mix: Features two 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units. Each unit showcases recent upgrades including new stucco, paint, windows, and a completely redone roof, blending modern comfort with elegant design. Amenities: Residents enjoy on-site parking, communal laundry facilities, and secure bicycle storage, enhancing both convenience and desirability. Investment Potential: Positioned in a high-demand rental market, this property offers strong rental yields and appreciation potential. A trophy asset that promises growth and stability. Lifestyle: Offer your tenants a lifestyle of ease and luxury, where they can enjoy beach mornings and evenings exploring local dining and retail—all within walking distance. This property is a unique opportunity to secure a piece of Belmont Shore, renowned for its strong community feel and high quality of life. Don’t miss out on this chance to invest in a location where demand continues to grow.
  1. Listed by Juan Huizar • DRE #01417642 • Brokerage DRE #02163228 • Sage Real Estate • 562-307-0838
  2. Listed by Caleb Baldwin • DRE #02056751 • Brokerage DRE #02163228 • Sage Real Estate

Property Details for 133 Corona Avenue

View
None
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3312
LISTING UPDATED: 10/09/2024 02:50 AM

Property Details for 133 Corona Avenue

StatusActive
MLS #PW24183730
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.07 AC / 2,952 SF
CountyLos Angeles County

Building Information for 133 Corona Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.07 AC / 2,952 SF

Property Information for 133 Corona Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $86,940
  • Gross Scheduled Income: $86,940
  • Gross Operating Income: $86,940
  • Net Operating Income: $40,035
  • Current Financing: None
Expense Details
  • Operating Expense: $46,905
  • New Taxes Expense: $26,250
  • Gardener Expense: $300
  • Fuel Expense: $819
  • Licenses Expense: $103
  • Pest Control Expense: $240
  • Electric Expense: $297
  • Insurance Expense: $2,400
  • Maintenance Expense: $8,705
  • Professional Management Expense: $6,593
  • Trash Expense: $0
  • Water Sewer Expense: $1,198
  • Total Expenses: $46,905
Tax / Assessment Info
  • Tax Block: 28
  • Tax Tract Number: 3885
  • Tax Census Tract: 5773.00
  • CFD/Mello-Roos Fee: $800
  • Tax Lot: 2
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Exterior Features: Awning(s)
  • Roof: Shingle
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected
  • Electric: Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 3
  • Parking Features: Assigned
Property / Structure Info
  • Builders Tract Name: Belmont Shore
  • Builders Tract Code: Belmont Shore (BSD)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 3586
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 3586
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2827
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2827
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 133 Corona Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 133 Corona Avenue

Taxable ValueLand$1,200,000Additions$630,000Total$1,830,000
Tax Record2024$23,517 ($1,960 / month)
Home Facts
Total Finished SqFt3,312 SqFtAbove Grade Finished SqFt3,312 SqFtLot Size2,952 SqFtStyleQuadraplexYear Built1963ZoningLBR2SCountyLOS ANGELESAPN7247-014-002

Schools near 133 Corona Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Naples Elementary School
PublicK to 5

Rogers Middle School
Public6 to 8

Wilson High School
Public9 to 12

Eunice Sato Academy Of Math & Science
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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133 Corona Avenue is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on September 4, 2024 by Sage Real Estate, it's currently listed at $1,999,000. This listing's school district is Long Beach Unified School District. Nearby schools include Naples Elementary School, Rogers Middle School and Wilson High School. 133 Corona Avenue is a 6-bed, 6-bath, 3,312 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sage Real Estate, Juan Huizar, DRE #01417642; Sage Real Estate, Caleb Baldwin, DRE #02056751

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.