
Long Beach, California 90803
This unique 4-unit apartment property is a High-Potential Investment Opportunity, listed at $2,499,000—positioned well below the $2,956,941 Fair Market Value by 15%. This valuation gap offers $457,941 in Instant Equity. Featuring an Excellent Condition Rating with copper plumbing and ducted HVAC, the property includes a luxury owner’s suite with Viking appliances. Located in the Belmont Park neighborhood near top-rated schools like Naples Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 263 Corona Avenue Subject | $2,499,000* List Price | 0 | 0 | 4,312 | $686 | - |
A 150 Saint Joseph Sold | $1,850,000 | 0 | 0 | 2,966 | $624 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1943, the property has been well-maintained with significant system upgrades including copper plumbing and ducted HVAC. The owner's unit features high-end Viking appliances and a renovated primary suite. While some bathroom finishes (blue tile and glass block) appear dated (approx. 15-20 years old), the overall condition is move-in ready and functional.
Elementary School: Naples Elementary School (10/10).
The property features unusually large units for a quadruplex, with two apartments measuring approximately 1,450 and 1,550 square feet, providing a spacious, residential feel that attracts high-quality, long-term tenants.
The rear unit is finished to a luxury standard with Viking appliances, vaulted ceilings, a central stereo system, and a premium primary suite, making it ideal for an owner-user seeking a primary residence with rental income.
Built in 1943, the property may require ongoing maintenance and capital improvements typical of older structures, despite the presence of some upgrades like copper plumbing.
The unit mix is predominantly one-bedroom configurations, which may limit the total rental upside and appeal to larger families compared to properties with more multi-bedroom units.
263 Corona Avenue is a unique 4-unit apartment property located in the highly desirable Belmont Park neighborhood of Long Beach. The property features approximately 4,312 square feet of living area on an 8,104-square-foot lot and stands out for its exceptionally large units, residential setting, and proximity to the coast. The property offers a unique unit mix consisting of (1) 2-bed/1-bath unit with a den, (1) oversized 1-bed/1.5-bath unit, and (2) 1-bed/1-bath units. Two of the apartments are particularly spacious at approximately 1,450 and 1,550 square feet, offering layouts and living space rarely found in a 4-unit property. The rear 1bed/1.5 bath unit served as the owner's residence for many years and has been renovated and finished more like a private home than a typical rental unit. It features high ceilings, a high-end kitchen with Viking appliances, a central stereo system with built-in speakers throughout the interior and outdoor areas, and an expansive primary suite with a large walk-in closet. The primary bathroom includes a Jacuzzi tub, separate shower, dual sinks, and additional custom finishes. The property has been well maintained and improved over the years, with additional features including upgraded kitchens and bathrooms, hardwood flooring, vaulted ceilings, copper plumbing, and ducted HVAC in the downstairs units. Two 2-car garages provide four garage parking spaces, while private outdoor areas and a hardscaped patio further enhance the property's residential feel.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 4,312 | 2,300.724 |
| Lot Size | 8,104 | 5,277.379 |
| Price | $2.50M | $1.24M |
| Price per sq ft | $580 | $513 |
| Built year | 1943 | 1949 |
| HOA | $0 | $0 |
| Days on market | 28 | 74 |
Aug 12, 2026
$2,499,000
Initial Listing