305 Coronado Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90814
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,958 sqft
Price per Sqft $502
MLS Listing ID CRPW24250197
Year Built 1948
Lot Size 6,751 Sqft
Property Description
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 hardwood 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.
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Laundry Community Facility
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No