1048 Coronado Ave | Long Beach, CA 90804
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- LoopNet Team
1048 Coronado Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Eight-unit apartment complex with a highly desirable layout of all single-story one-bed/one-bath bungalows
- 16 Percent rental upside
- Offered as part of a portfolio: 1048 Coronado Avenue must be acquired with 1043 Coronado Avenue; 716 Raymond Avenue may be acquired separately
- Offered at a 5.87 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
Property Facts
| No. Units | 8 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 3,072 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1923 |
| Building Class | C | ||
| Zoning | LBR2N - Multiple Dwelling Zone | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,072 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | LBR2N - Multiple Dwelling Zone |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,500 | - |
Property Taxes
| Parcel Number | 7258-006-011 | Improvements Assessment | $183,486 |
| Land Assessment | $662,922 | Total Assessment | $846,408 |
Property Taxes
Parcel Number
7258-006-011
Land Assessment
$662,922
Improvements Assessment
$183,486
Total Assessment
$846,408
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