305 Coronado Avenue, Long Beach, CA 90814
  • MLS#: PW24250197 ( Commercial/Residential )
  • Street Address: 305 Coronado Avenue
  • Viewed: 7
  • Price: $5,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 33
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90814
  • Subdivision: Other (othr)
  • Provided by: Steven M. Bogoyevac, Broker
  • Contact: Steven Steven
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 9958.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 277443.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Parcel Number
  1. 7257020023
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 428778184:CRM
Subdivision Name Other
  1. n/a
Totalexpenses
  1. 117578.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1948
Year Built Source
  1. Assessor
Zoning
  1. LBR2A