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1440 Coronado Ave
Long Beach, CA 90804
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Strong Mix of 2BD, 1BD and Studio Units
- 1`1.98 GRM / 5.23% Cap Rate on Current Rents with Upside to 10.31 GRM / 6.47% Cap Rate at Market Rents
- +/-16% Potential Upside in Rents
Property Facts
| No. Units | 5 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 2,601 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | B | ||
| Zoning | LBR2N - Residential; 2 units per 3,000 square feet | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 2,601 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Zoning | LBR2N - Residential; 2 units per 3,000 square feet |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 1 | - | - |
| Studios | 1 | - | - |
Property Taxes
| Parcel Number | 7259-007-021 | Improvements Assessment | $233,502 |
| Land Assessment | $155,022 | Total Assessment | $388,524 |
Property Taxes
Parcel Number
7259-007-021
Land Assessment
$155,022
Improvements Assessment
$233,502
Total Assessment
$388,524
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