$5,000,000
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305 Coronado Avenue Long Beach, CA 90814
Mixed Use
Residence
Beds
Baths
9,958
Sq. Ft.
0.16
Acre
Lot
Property Activity
Time on Site
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305 Coronado Avenue is a 16-unit apartment building in the highly desirable Bluff Heights neighborhood of Long Beach, California. The building is a charming 1948 construction with a mix of eight studio and eight one-bedroom units, many of which have been remodeled. Unit interiors boast refinished ha...rdwood flooring, modernized kitchens and baths. The property also offers private patios, on-site laundry, and storage options.
305 Coronado Avenue is in a great rental location steps to an elementary school, within easy walking distance of popular restaurants along Broadway, a half-mile to Bluff Park and the beach, and proximate to Second Street dining, retail and entertainment.
The property boasts strong in-place rents with four percent potential upside, and furthermore, a RUBS program significantly recoups utility expenses. 305 Coronado Avenue is an excellent acquisition opportunity for any investor looking for strong in-place cash flow and great location in a desirable coastal rental market.
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MLS#
PW24250197
Property Type
Mixed Use
Status
Year Built
1948
Square Feet
9,958
sq. ft
Lot Size
0.16
Sewer
Public Sewer
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