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1722 Coronado Ave
Long Beach, CA 90804
The Coronado Apartments · Multifamily Property For Sale
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16 Units
Investment Highlights
- Priced at 5.11% Cap Rate / 12.18 GRM on Current Rents
- Strong Mix of Sizable 2BD and 1BD Units
- Excellent Value-Add Opportunity, +/-26% Upside in Rents
- Prime Traffic Circle Location with Convenient Access to Employment/Education Hubs and Commuter Thoroughfares
Property Facts
| No. Units | 16 | Building Size | 13,370 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | B | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | RR4R, Long Beach | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 13,370 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | RR4R, Long Beach |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
Property Taxes
| Parcel Number | 7259-002-030 | Improvements Assessment | $2,805,000 |
| Land Assessment | $1,275,000 | Total Assessment | $4,080,000 |
Property Taxes
Parcel Number
7259-002-030
Land Assessment
$1,275,000
Improvements Assessment
$2,805,000
Total Assessment
$4,080,000
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