$2,300,000
- Beds
- Unknown
- sq ft
- 4,640
1043 Coronado Ave, Long Beach, CA 90804
1043 Coronado Ave
Long Beach, CA 90804
- 91 days on market
- Price drop $67,000↓
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.
Details
Property type
Mixed Use
Lot size
6,501 sq ft
Price per sq ft
$496
Year built
1923
Price History
05/01/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #PW24064543
Price change
$2,300,000
-2.83%
04/01/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #PW24064543
Listed
$2,367,000
Schools & Community
Neighborhood:
East Side
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Suburban
Community features:
Suburban
Status: Active
Tomo last checked: 07/01/2024 at 9:50 AM
Listing updated: 05/01/2024 at 8:20 AM
Listed by: Steven Bogoyevac, Steven M. Bogoyevac, Broker Phone #: (562) 436-5800
MLS: CRMLS #PW24064543
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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