1043 Coronado Avenue, Long Beach (90804)
$2,367,000
0 
0
4,640
PROPERTY DETAILS
| Address: |
view address Long Beach, CA 90804 Map Location |
Features: | Garage, Multi-level |
|---|---|---|---|
| Square Feet: | 4,640 sq.ft. | Lot Size: | 0.15 acres |
| Year Built: | 1923 | Property Type: | Mixed Use |
| Neighborhood: | Eastside (Es) | County: | Los Angeles |
| List Date: | 2024-04-01 | Listing Number: | PW24064543 |
| Listed By: | Steven M. Bogoyevac, Broker | Listing Office: | [email protected] |
PROPERTY DESCRIPTION
Offered at a 5.79 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.
Contact Buyer Agent
Exterior
| Garage Size: | 6.00 | Parking Spaces: | 6.00 |
Property and Lot Details
| Lot Acres: | 0.15 | Lot Number: | 19.00 |
| Lot Sqft: | 6,501.00 | Public Sewer: | Yes |
| Public Water: | Yes | Subdivision: | Eastside (ES) |
| Transaction Type: | Sale | Year Built: | 1923 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
Loading Data...
|
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
Loading Data...
|
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
PHOTO GALLERY
