1043 Coronado Avenue, Long Beach, CA 90804
-
Listed Price :
$2,300,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1923
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 |
List Price |
$2,300,000 |
Status |
Active |
Type |
Residential Income |
Subtype |
Commercial/Residential |
Structure Size |
N/A |
Lot Size |
6,501 |
Year Built |
1923 |
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.