1424 Coronado Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,250,000 USD
310-403-9145
1424 Coronado Ave, Long Beach, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/17
null | 5.91% Cap Rate

1424 Coronado Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Great Single-storied bungalow units – all 1-bedroom/1-bath
  • 4 Garage spaces built in the last 5 years
  • All units in very good condition
  • 5.91% CAP | Market 7.69% CAP
  • 11.43 GRM | Market 9.26 GRM

OVERVIEW

??The Stiegler Takahashi Group is proud to present 1424 Coronado Avenue, a charming bungalow-style investment opportunity located in the heart of Long Beach. This property features single-story living across all units, each offering a desirable 1-bedroom, 1-bath layout. All units are in very good condition, providing investors with low maintenance and strong tenant appeal. The property includes four garage spaces that were built within the last five years, adding value and functionality. With a current 5.91% CAP rate and the potential to reach a 7.69% market CAP, along with an 11.43 GRM and market potential of 9.26, this asset offers both immediate stability and future upside.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

6

PRICE/UNIT

$208,333

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,878 SF

ZONING

LBR2N

APN/PARCEL ID

7259-007-023

ASK ABOUT THIS PROPERTY

Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

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Stephen TakahashiLyon Stahl Investment Real Estate, Inc.More Info
310-403-9145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.