Mohr Real Estate Group

Mohr Real Estate Group

305 Coronado Avenue Long Beach CA 90814 MLS #PW24250197

305 Coronado Avenue
Long Beach, CA, 90814
$5,000,000
Beds
0 Baths
SqFt
0.16 Acres
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$5,000,000
305 Coronado Avenue
Long Beach, CA, 90814
MLS #PW24250197 img 0

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.

Property Details

Price:
$5,000,000
MLS #:
PW24250197
Status:
Active
Baths:
0
Address:
305 Coronado Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Dec 16, 2024
State:
CA
ZIP:
90814
Lot Size:
6,751 sqft / 0.16 acres (approx)
Year Built:
1948

Schools

Interior

Exterior

Community Features
Suburban
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

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305 Coronado Avenue
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