1445 Coronado Avenue, Long Beach, CA 90804
  • MLS#: OC25136674 ( Apartment )
  • Street Address: 1445 Coronado Avenue
  • Viewed: 2
  • Price: $2,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 14
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90804
  • Provided by: Kirklen Investment Group
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Nestled in the highly desirable East Long Beach area, this charming 8 unit apartment building offers a fantastic investment opportunity. Built in 1956, the property combines mid century charm with modern convenience. With 7 well maintained one bedroom, one bathroom units and 1 spacious two bedroom, one bathroom unit, this property caters to a variety of tenants' needs. Each unit is separately metered for gas and electricity, providing ease of management and cost control. Tenants enjoy the convenience of on site parking, with 5 single car garage spaces and 4 open parking spaces available. The property's landscaping is designed for low maintenance, reducing operational costs while maintaining an attractive curb appeal. This thoughtful landscaping choice appeals to potential tenants while also easing the landlord's responsibilities. One of the key selling points of this investment is the potential for increased rental income. Long Beach's rental market has shown consistent growth, and this property offers an opportunity to capitalize on that trend. The unit mix provides versatility, attracting a wide range of tenants, and the separately metered utilities allow for fair billing practices. Location is paramount in real estate, and this property excels in that regard. Situated in East Long Beach, it benefits from proximity to schools, parks, shopping, and dining. Easy access to major transportation routes further enhances its appeal. Investors looking for a promising multi family property with enduring upside potential will find this 8 unit apartment building in Long Beach to be an attractive addition to their portfolio. Whether you're seeking a stable income stream or a long term investment with room for growth, this property is worth considering. Don't miss out on this opportunity to own a piece of East Long Beach real estate history.
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Features
Building Area Total
  1. 5328.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 1414.00
Entry Location
  1. Side
Fuel Expense
  1. 3833.00
Garage Spaces
  1. 5.00
Gardner Expense
  1. 1485.00
Insurance Expense
  1. 6021.00
Laundry Features
  1. Common Area
Laundry Income
  1. 100.00
Levels
  1. Two
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 119810.00
Newtaxesexpense
  1. 32578.00
Otherincome1
  1. 50.00
Otherincomedescription
  1. Storage
Parcel Number
  1. 7259007018
Pest Control Expense
  1. 1624.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 8586.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 441185989:CRM
Totalexpenses
  1. 71342.00
Trash Expense
  1. 2112.00
Uncovered Spaces
  1. 4.00
Water Sewer Expense
  1. 4205.00
Water Source
  1. Public
Year Built
  1. 1956
Year Built Source
  1. Assessor
Zoning
  1. LBR2N