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… Read More 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. Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac [email protected]
Listing Snapshot
Days Online
10
Last Updated
Property Type
Mixed Use
Lot Size
0.15 Acres
Year Built
1948
MLS Number
PW24250197
Additional Details
Building
Built in 1948, Building area total: 9,958, 1 building, Common walls: NoCommonWalls
Community
Suburban
Expenses
Operating expense: $117,578
Income
Gross income: $393,394, Net operating income: $277,443
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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