Multifamily
Coronado Avenue Apartments
1410 Coronado Ave, Long Beach, CA 90804
Listing Price: $3,350,000
Investment Overview
The Coronado Avenue Apartments is a nine-unit apartment building located in the City of Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, the subject property offers an attractive unit mix comprised of (8) two-bedroom/ two-bathroom units and (1) one-bedroom/ one-bathroom unit totaling 7,770 square feet. Some amenities include gated entry, ample on-site gated parking, on-site laundry room, and balconies. Some recent renovations and upgrades include new floors, new bathrooms, and updated kitchens. This offering represents a rare opportunity for an investor to achieve a 5.1% CAP Rate on current income, for a stable, turnkey investment property in the desirable rental market of Long Beach, California. Additionally, The Coronado Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Coronado Avenue Apartments
Investment Highlights
- 5.1% CAP Rate on Current Rents / 6.3% CAP Rate on Market Rents | 4.6% Cash-on-Cash Return on Current Rents / 7.5% Cash-on-Cash Return on Market Rents
- Attractive Unit Mix Consisting of (8) Two-Bedroom/Two-Bath Units and (1) One-Bedroom/One-Bath Unit | Highly Desirable 1987 Construction
- Gated Access with Call Box, Private Balconies, & On-Site Laundry | Ample On-Site Gated Parking (13 Spaces)
- Recent Renovations & Upgrades | Separately Metered for Gas & Electric
- 100% Occupied and All Tenants Current on Rent
- Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment
Exclusively Listed By
Financing By
Listing Price: $3,350,000
Investment Highlights
- 5.1% CAP Rate on Current Rents / 6.3% CAP Rate on Market Rents | 4.6% Cash-on-Cash Return on Current Rents / 7.5% Cash-on-Cash Return on Market Rents
- Attractive Unit Mix Consisting of (8) Two-Bedroom/Two-Bath Units and (1) One-Bedroom/One-Bath Unit | Highly Desirable 1987 Construction
- Gated Access with Call Box, Private Balconies, & On-Site Laundry | Ample On-Site Gated Parking (13 Spaces)
- Recent Renovations & Upgrades | Separately Metered for Gas & Electric
- 100% Occupied and All Tenants Current on Rent
- Easy Access to Freeways and Close to Schools, Retail, Employment, & Entertainment
Investment Overview
The Coronado Avenue Apartments is a nine-unit apartment building located in the City of Long Beach, a premier rental market in Los Angeles County, California. Built in 1987, the subject property offers an attractive unit mix comprised of (8) two-bedroom/ two-bathroom units and (1) one-bedroom/ one-bathroom unit totaling 7,770 square feet. Some amenities include gated entry, ample on-site gated parking, on-site laundry room, and balconies. Some recent renovations and upgrades include new floors, new bathrooms, and updated kitchens. This offering represents a rare opportunity for an investor to achieve a 5.1% CAP Rate on current income, for a stable, turnkey investment property in the desirable rental market of Long Beach, California. Additionally, The Coronado Avenue Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.
Exclusively Listed By
Financing By
