1043 Coronado Avenue

Long Beach, CA 90804

$2,300,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $495 / sqft

1923

calendar_month Built

Property Description

Offered at a 6.00 percent cap rate on current rents, this offering is a great acquisition opportunity for an investor looking for strong in-place cash flow in Long Beach’s desirable Eastside rental market. Assumable financing is available. 1043 Coronado Avenue is a 1923 construction with 11 studios and one two-bed/one-bath unit; most units are single-story floor plans and all are separately metered for gas and electricity. The property also offers on-site laundry and five garages that generate additional income. This asset is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1043 Coronado Avenue is offered along with 1048 Coronado Avenue, an eight-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1043 Coronado Avenue
City Long Beach
State CA
Zip 90804
County Los Angeles
Listing Agent Steven Bogoyevac DRE#01332755
Courtesy Of Steven M. Bogoyevac, Broker
MLS PW24064543
List Price $2,300,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 6,501
Year Built 1923
DOM 31

Exterior Information

Maps

Listing information courtesy of: Steven Bogoyevac, Steven M. Bogoyevac, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of May 1st, 2024 at 8:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.