1445 Coronado Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$2,500,000 USD
949-942-1302
1445 Coronado Ave, Long Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/5
null | 5% Cap Rate

1445 Coronado Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Desirable East Long Beach Location
  • Low Maintenance Landscaping
  • Newer Exterior Paint
  • Five (5) Single Car Garage and Four (4) Open Parking Spaces
  • Separately Metered for Gas and Electricity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,423 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7259-007-018

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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