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Closed
- Listed price
- $4,895,000
- Listed Mar 28, 2018
- Sold price
- $4,850,000
- Sold May 16, 2018
13,503.6 sqft lot|1963 Built|7 MLS days on market
620 Coronado Ave, Long Beach, CA 90814
Property Description
VALUE-ADD INVESTMENT - OVER 55% UPSIDE POTENTIAL. 620 Coronado Avenue is an 18-unit multifamily investment property located in the Belmont Heights neighborhood of Long Beach. This is the first time the building has been on the market in decades and presents investors with a rare opportunity to acquire a true value-add apartment asset with over 55% rental upside potential. Situated on a 0.31-acre lot, the 15,364 square foot property consists of one-bedroom and two-bedroom floor plans averaging over 850 square feet. The two-bedroom units make up 78% of the total units within the building. 620 Coronado offers amenities including nine garages, controlled access, a spacious courtyard and on-site laundry. In addition, the building is within walking distance to numerous local and national retail stores and only one mile from the beach. Given the strength of the overall apartment market within the city of Long Beach, 620 Coronado offers an investor the ability to capture tenants seeking a great beach neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand will be the driver in creating a very strong apartment investment at 620 Coronado Avenue.
Listing agent: Tyler LeesonDRE #01451551tleeson@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 10/28/2026, 2:03:40 PM PT
Source: CRMLSMLS #: OC18070906
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$4,850,000
May 16, 2018
Available records22018
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90814 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90814 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.