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Listed by Greg Bassirpou • Marcus & Millichap RE Invest
$3,350,000
Est. payment /mo
7,770 SqFt
Active
1410 Coronado Avenue Long Beach, CA 90804
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,770 sqft
Price per Sqft $431
MLS Listing ID OC-23041836
Year Built 1987
Lot Size 6,881 Sqft
Property Sub-Type Apartment
Property Description
The Coronado Avenue Apartments is a nine-unit apartment building located in the City of Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, the subject property offers an attractive unit mix comprised of (8) two-bedroom/ two-bathroom units and (1) one-bedroom/ one-bathroom unit totaling 7,770 square feet. Some amenities include gated entry, ample on-site gated parking, on-site laundry room, and balconies. Some recent renovations and upgrades include new floors, new bathrooms, and updated kitchens. This offering represents a rare opportunity for an investor to achieve a 5.1% CAP Rate on current income, for a stable, turnkey investment property in the desirable rental market of Long Beach, California. Additionally, The Coronado Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Laundry Common Area
Exterior
Parking Features Garage
Pool None
Community Features Sidewalks
Building
Lot Description Near Public Transit
Sewer Public Sewer