305 Coronado Avenue

Long Beach, CA 90814

$5,000,000

List Price

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1948

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Property 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.

Listing Information

List Price $5,000,000
Status Active
MLS PW24250197
Type Residential Income
Subtype Mixed Use
Year Built 1948
Lot Size 6,751
Structure Size N/A
DOM 2
Courtesy Of Steven M. Bogoyevac, Broker
Listing Agent Steven Bogoyevac DRE#01332755

Interior Features

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Exterior Information

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Listing information courtesy of: Steven Bogoyevac, Steven M. Bogoyevac, Broker 562-257-1231. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:48 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.