$1,750,000
- Beds
- Unknown
- sq ft
- 3,072
1048 Coronado Ave, Long Beach, CA 90804
1048 Coronado Ave
Long Beach, CA 90804
- 91 days on market
Offered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue 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.
1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-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
6,251 sq ft
Price per sq ft
$570
Year built
1923
Price History
04/01/2024
CRMLS #PW24064035
Listed
$1,750,000
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 9:10 AM
Listing updated: 04/01/2024 at 2:00 PM
Listed by: Steven Bogoyevac, Steven M. Bogoyevac, Broker Phone #: (562) 436-5800
MLS: CRMLS #PW24064035
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