305 Coronado Avenue,  Long Beach CA, 90814 (Residential Income)

9,958 sqft
Status: Active
MLS#: PW16718291
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Last Updated: 12/4/2016 1:53 AM
Description for 305 Coronado Avenue Long Beach, CA 90814
We are please to present The Coronado Avenue Apartments. This is a 16 unit apartment community located in the highly desirable Belmont Heights submarket of Long Beach. The property offers investors the opportunity to acquire a turn-key building in a strong, non-rent controlled market where apartment buildings rarely become available. The property was originally constructed in 1948 and features 8 (1 bedroom + 1 bathroom) units and 8 (studio) units, encompassing a gross rentable area of 8,000 square feet. The building has been substantially renovated. Recent upgrades include, but are not limited to, new flooring, remodeled kitchens, with all new appliances, remodeled bathrooms, upgraded electrical systems. There is a laundry facility for the tenants use onsite. The property is located on Coronado Avenue in an extremely pedestrian friendly suburban neighborhood and boasts a 92 Walkscore and 91 Bike score. The property is within walking distance of the Beach, Bixby Park, Bluff Park, and the shops and restaurants of Retro Row on 4th Avenue.
Price
$4,475,000
Los Angeles
9,958 (approx)
PW16718291
Active
Description
We are please to present The Coronado Avenue Apartments. This is a 16 unit apartment community located in the highly desirable Belmont Heights submarket of Long Beach. The property offers investors the opportunity to acquire a turn-key building in a strong, non-rent controlled market where apartment buildings rarely become available. The property was originally constructed in 1948 and features 8 (1 bedroom + 1 bathroom) units and 8 (studio) units, encompassing a gross rentable area of 8,000 square feet. The building has been substantially renovated. Recent upgrades include, but are not limited to, new flooring, remodeled kitchens, with all new appliances, remodeled bathrooms, upgraded electrical systems. There is a laundry facility for the tenants use onsite. The property is located on Coronado Avenue in an extremely pedestrian friendly suburban neighborhood and boasts a 92 Walkscore and 91 Bike score. The property is within walking distance of the Beach, Bixby Park, Bluff Park, and the shops and restaurants of Retro Row on 4th Avenue.
Listing Information
Property Type: Cluster, Other
0.15 Acres 675,100 sq.ft. 9,958 (approx)
$449.39 1948
Raised Foundation
16 Total
Neighborhood
Room Information
Common
Interior Features
Range/Oven Free Standing, Gas Range/Cooktop, Refrigerator
Exterior / Lot Features
Street Parking
Asphalt
None
No Pool
LBR2A
Sidewalks, Street Lights, Urban, Storm drains
Driving Directions
North of 3rd St and west of Redondo Ave
Financial Considerations
7257020023
$290,112 Income ,$94,416Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90814 has a population of 463,589.

The median household income in Long Beach, California 90814 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90814 is 33.2 years.

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Courtesy: Coldwell Banker Commercial George Bustamante
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Information is deemed reliable but is not guaranteed.

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