1410 Coronado Ave | Long Beach, CA 90804
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- LoopNet Team
1410 Coronado Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
9 Units
Investment Highlights
- 5% CAP Rate on Current Rents / 6.5% CAP Rate on Market Rents / 4.6% Cash-on-Cash Return on Current Rents/ 7.5% Cash-on-Cash Return on Market Rents
- Gated Access with Call Box, Private Balconies, & On-Site Laundry
- Ample On-Site Gated Parking (13 Spaces) & Separately Metered for Gas & Electric
- Highly Desirable 1987 Construction & Recent Renovations & Upgrades
- Attractive Unit Mix Consisting of (8) Two-Bedroom/ Two-Bath Units and (1) One-Bedroom/ One-Bath Unit
- 100% Occupied and All Tenants Current on Rent & Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment
Property Facts
| No. Units | 9 | Building Size | 7,770 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 0.16 AC | ||
| Zoning | LBR2N | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,770 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | LBR2N |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,789 | - |
| 2+2 | 8 | $2,114 | - |
Property Taxes
| Parcel Number | 7259-007-025 | Improvements Assessment | $2,080,800 |
| Land Assessment | $1,300,500 | Total Assessment | $3,381,300 |
Property Taxes
Parcel Number
7259-007-025
Land Assessment
$1,300,500
Improvements Assessment
$2,080,800
Total Assessment
$3,381,300
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