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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$ 5,000,000
Est. payment /mo
Active
305 Coronado Avenue Long Beach, CA 90814
9,958 SqFt
UPDATED:
02/08/2025 03:50 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,958 sqft
Price per Sqft $502
MLS Listing ID CRPW24250197
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 6,751 Sqft
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Community Facility
Building
Lot Description Other
Water Public
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