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1043 Coronado Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12-Unit apartment building in desirable Eastside Long Beach with 11 studios and one two-bed/one-bath unit
- Building features on-site laundry and five garages that generate additional income
- Offered as part of a portfolio: 1043 Coronado Avenue must be acquired with 1048 Coronado Avenue; 716 Raymond Avenue may be acquired separately
- Offered at a 5.79 percent cap rate on current rents: great acquisition opportunity for an investor looking for cash flow
- Excellent rental location in Eastside Long Beach one block from a Food4Less-anchored shopping center and one block west of Redondo Avenue
- Assumable financing available
Property Facts
| No. Units | 12 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,640 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | LBR2N - Multiple Dwelling Zone | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,640 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LBR2N - Multiple Dwelling Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 500 |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 7258-005-024 | Improvements Assessment | $278,188 |
| Land Assessment | $947,036 | Total Assessment | $1,225,224 |
Property Taxes
Parcel Number
7258-005-024
Land Assessment
$947,036
Improvements Assessment
$278,188
Total Assessment
$1,225,224
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