$4,225,000 - 394 Coronado Avenue, Long Beach

  • 0Beds
  • Baths
  • 8,688SQ. Feet
  • 0.17Acres

We are pleased to present an outstanding multi-family opportunity located in the prime Bluff Heights area of Long Beach. Built in 1963, the property consists of approximately 8,688 square feet set on a 7,418 square foot lot. The subject property is comprised of one one-bedroom/one-bathroom unit, one 2-bedroom/2-bathroom unit and nine 2-bedroom/1-bathroom units. Many of the units have newer hardwood floors and all have been very well maintained with many upgrades. Located in Bluff Heights, the subject property is just walking distance to the outstanding retail corridors of Broadway and Second Street, which are both home to many casual and fine dining restaurants, storefront retail shops and various business of the area. Furthermore, with a "walk score" of “90" and is deemed "very walkable, where most errands can be accomplished on foot." This is truly a unique opportunity to acquire a quality, value add, true pride of ownership asset in this outstanding rental market and would make a great addition to any investor's portfolio. The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $3.5 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which completed late 2019.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19228614
  • Price:$4,225,000
  • Bathrooms:0.00
  • Square Footage:8,688
  • Acres:0.17
  • Year Built:1963
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:394 Coronado Avenue
  • Area:Belmont Heights, Alamitos Heights (2)
  • Subdivision:Belmont Heights (BH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90814

Amenities

  • Parking Spaces:6
  • # of Garages:6

Interior

  • Heating:None
  • Cooling:None

Exterior

  • Lot Description:11-15 Units/Acre

Additional Information

  • Date Listed:September 25th, 2019
  • Days on Market:55
  • Zoning:LBR3T

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Provided By: Kevin King(01158184), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of November 20th, 2019 at 1:14pm CST. 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.