Duplex with Garage
For Sale
$1,425,000
Pending
387 Coronado, Long Beach, CA 90814
Two residences and a converted garage area offer separate living space alongside a studio.
Property Size2,427 SF
Lot Size0.15 Acres
Days on Market34
Property Features for 387 Coronado
General Information
Standard status
Pending
Size
2,427 SF
Lot size
0.15 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Bluff Heights
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA, 1 x studio
Multifamily Units
3
Amenities
original hardwood floors
fireplace
formal dining room
eat-in kitchen
laundry area
raised garden beds
outdoor sitting and dining areas
Building Details
Year Built
1919
Construction
Craftsman bungalow
Listing Agency:
The One Luxury Properties
Listed By:
Brandon Peters · License #01945871
(909) 565-5434
Source:
Thepetersregroup
Added: Sep 30
Changed: Nov 2
Last Checked: Nov 2 at 2:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The One Luxury Properties
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Investment Insights
Based on property information with market context.
Built in 1919, this duplex property includes a 3-bedroom, 2-bath main residence and a separate 1-bedroom, 1-bath home. The main house has hardwood flooring, a fireplace, a formal dining room, and an eat-in kitchen with a laundry area. A portion of the garage has been converted into a studio; the second home connects to the garage through a laundry room and the studio bathroom while remaining its own living space. The property totals 2,427 square feet on a 6,751-square-foot lot.
The property is in Long Beach’s Bluff Heights Historic District, near Retro Row on 4th Street and a short drive from Bluff Park and the beach. Raised garden beds and several outdoor sitting and dining areas are also part of the grounds.
The property is in Long Beach’s Bluff Heights Historic District, near Retro Row on 4th Street and a short drive from Bluff Park and the beach. Raised garden beds and several outdoor sitting and dining areas are also part of the grounds.
Key Highlights
- Two residences: a 3‑bedroom, 2‑bath main house and a separate 1‑bedroom, 1‑bath home
- 2,427 square feet on a 6,751 sq ft lot
- Built in 1919
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,182
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,640
$1.0M
Cap Rate 7%
$745,457
$745.5K
Cap Rate 9%
$579,800
$579.8K
Market Conditions
NOI Build-Up for 2,427 SF
Gross rent
$78.6K $32.40/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$74.5K $30.72/SF
− OpEx
−$22.4K −$9.21/SF
NOI
$52.2K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,640
Cap Rate 7%
$745,457
Cap Rate 9%
$579,800
Alternative Uses
Best Use
Multifamily LT 5
$745.5K
$652.3K – $869.7K
NOI $52,182 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$663.0K
$580.2K – $773.6K
NOI $46,413 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $90,958 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,049
Businesses Nearby
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Business Placement
Demographics for 90814, CA
19,042
Population
9,939
Households
1.9
Avg Household Size
39
Median Age
56%
College-Educated
92%
High-School Grad
1.3 sq mi
ZIP Area
14,648
Density / Sq Mi
$98,070
Median Household Income
$60,482
Median Earnings
$1,987
Median Rent
$898,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences and a converted garage area offer separate living space alongside a studio.
Where is this duplex located?
The property is located at 387 Coronado Long Beach, CA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2‑bath main house and a separate 1‑bedroom, 1‑bath home; 2,427 square feet on a 6,751 sq ft lot; Built in 1919
