$1,750,000
1048 Coronado Avenue, Long Beach 90804
1
Bed
1
Bath
6,251
Lot Size
8
# Of Units
Listing Agent
Steven Bogoyevac - Steven M. Bogoyevac, BrokerOffered at a 5.87 percent cap rate on current rents, this asset is a great acquisition opportunity for an investor looking for strong in-place cash flow and additional rental upside in the strong Eastside Long Beach rental market. This asset offers a highly desirable layout of all single-story one-bed/one-bath bungalows that are separately metered for gas and electricity. Additionally, the property is securely gated and also offers on-site laundry. 1048 Coronado Avenue is located in Eastside Long Beach, a strong-performing rental submarket, one block west of Redondo Avenue and within easy walking distance of a Food4Less-anchored shopping center and several dining options. This location offers tenants convenient access to Belmont Shore, freeways, and Cal State Long Beach. 1048 Coronado Avenue is offered along with 1043 Coronado Avenue, a 12-unit property located across the street; properties must be acquired together. These assets are part of a Long Beach portfolio sale along with 716 Raymond Avenue, a 16-unit asset that may be acquired separately.
Facts & Features
| MLS® # | PW24064035 |
|---|---|
| Price | $1,750,000 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Lot Size | 6,251 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 1048 Coronado Avenue |
|---|---|
| Area | 3 - Eastside, Circle Area |
| Subdivision | Eastside (ES) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90804 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | April 1st, 2024 |
|---|---|
| Days on Market | 31 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Steven Bogoyevac |
|---|---|
| Office | Steven M. Bogoyevac, Broker |