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$ 2,500,000
Est. payment /mo
Active
1445 Coronado Avenue Long Beach, CA 90804
5,328 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,328 sqft
Price per Sqft $469
MLS Listing ID CROC25136674
HOA Y/N No
Year Built 1956
Lot Size 7,423 Sqft
Acres 0.17
Property Sub-Type Other
Property 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
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 7259007018
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Listed by Jason Kirklen • Kirklen Investment Group