$3,350,000 - 1410 Coronado Avenue, Long Beach
- 3Beds
- 3Baths
- 0SQ. Feet
- 0.16Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:OC23041836
- Price:$3,350,000
- Bedrooms:3
- Bathrooms:3.00
- Acres:0.16
- Year Built:1987
- Type:Residential Income
- Sub-Type:Apartment
- Status:Closed
- Listing Agent:Greg Bassirpou
- Listing Office:Marcus & Millichap RE Invest
Community Information
- Address:1410 Coronado Avenue
- Area:699 - Not Defined
- City:Long Beach
- County:Los Angeles
- Zip Code:90804
Amenities
- Parking:Garage, Gated
- Garages:Garage, Gated
- Pool:None
Interior
- # of Stories:1
- Stories:One
Exterior
- Lot Description:Near Public Transit
Additional Information
- Date Listed:March 13th, 2023
- Days on Market:102
- Zoning:LBR2N
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Based on information from California Regional Multiple Listing Service, Inc. as of May 10th, 2024 at 7:50am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.