Description
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.
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 11:19 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 3rd June, 2023 11:19 AM (UTC)
Listing Agent: Greg Bassirpou
Listing Office: Marcus & Millichap RE Invest
