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752 Coronado Avenue, Long Beach, California 90804, Long Beach, 90804 - 5 bed, 3 bath

752 Coronado Avenue, Long Beach, California 90804 home-pic-0
ACTIVE$1,499,000
752 Coronado Avenue, Long Beach, California 90804
5Beds
3Baths
2,149Sqft
6,500Lot
Year Built
1922
Close
-
List price
$1.5M
Original List price
$1.65M
Price/Sqft
$698
HOA
-
Days on market
-
Sold On
-
MLS number
219121516PS
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.50M(97th), sqft - 2149(90th), beds - 5(97th), baths - 3(93th).

Discover a true gem in the Historic Rose Park District--a beautifully renovated Craftsman-style property combining timeless character with modern luxury. Boasting over $500,000 in upgrades, this multi-unit investment opportunity features a fully remodeled interior and exterior, blending classic charm with contemporary sophistication. The main residence, was a proven income generator, that use to operate as a successful vacation rental, while the back unit is occupied by dependable, long-term tenants. This setup makes the property perfect for investors seeking a seamless, turn-key opportunity or families desiring flexible living arrangements. Located within close proximity to the beach, trendy shops, and an array of restaurants and nightlife, this property offers an unbeatable location and lifestyle. With every detail thoughtfully addressed, this move-in-ready home promises comfort, style, and outstanding investment potential.

Nearby schools

5/10
Willard Elementary School
Public,•K-5•0.3mi
9/10
Fremont Elementary School
Public,•K-5•0.5mi
6/10
Burbank Elementary School
Public,•K-5•0.7mi
6/10
Bryant Elementary School
Public,•K-5•0.7mi
7/10
Lee Elementary School
Public,•K-5•0.8mi
4/10
Whittier Elementary School
Public,•K-5•1.4mi
7/10
Lincoln Elementary School
Public,•K-5•1.4mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.2mi
6/10
Franklin Classical Middle School
Public,•6-8•1.4mi
6/10
Wilson High School
Public,•9-12•0.7mi
6/10
Polytechnic High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
07/11/18
Sold
$910,000
08/26/05
Sold
$750,000
12/11/97
Sold
$184,500
Condition Rating
Excellent
Despite being built in 1922, this property has undergone an extensive and high-value renovation, with over $500,000 in upgrades, making it virtually new. The kitchen features modern stainless steel appliances, white shaker cabinets, quartz countertops, subway tile backsplash, and stylish patterned floor tiles. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. New wood-look laminate flooring and contemporary light fixtures are present throughout, indicating a comprehensive and recent overhaul that meets current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Fremont Elementary School (9/10).
Multi-Unit Income Potential: This property is a multi-unit investment opportunity with a main residence that was a proven income generator as a vacation rental, and a back unit occupied by dependable, long-term tenants, offering immediate income streams.
Extensive High-Value Renovation: Boasting over $500,000 in upgrades, the property features a fully remodeled interior and exterior, blending classic charm with contemporary sophistication, making it move-in ready.
Desirable Historic District Location: Located in the Historic Rose Park District, the property offers close proximity to the beach, trendy shops, restaurants, and nightlife, providing an unbeatable lifestyle.
Blended Classic & Modern Aesthetics: The Craftsman-style property successfully combines timeless character with modern luxury, appealing to buyers who appreciate historical charm alongside contemporary amenities.
Flexible Living/Investment Opportunity: The setup is ideal for investors seeking a seamless, turn-key opportunity or families desiring flexible living arrangements, offering versatility for various buyer needs.

Cons

Significant Overpricing Relative to Valuation: The current list price of $1,499,000 is substantially higher than the estimated property value of $888,549, which may raise concerns for buyers and lenders regarding market value and appraisal.
Potential for Hidden Costs in Historic Property: Despite extensive renovations, the property's 1922 build year may still present unforeseen maintenance issues or require specialized upkeep inherent to older structures.
Recent Price Reduction and Market Performance: The property has already undergone a significant price reduction from its original list price of $1,650,000, which could indicate challenges in market absorption at its current price point or suggest it was initially overpriced.

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