Coronado Avenue Apartments

Long Beach is part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 462,257 making it the 7th most populous city in California. It is the second largest city in the Los Angeles Metropolitan area, and the third in Southern California. Incorporated in 1897, Long Beach lies in the southeastern corner of Los Angeles County and borders Orange County. The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The port supports more than 30,000 jobs in Long Beach, 316,000 jobs throughout Southern California and 1.4 million jobs throughout the United States. The city is known for its waterfront attractions, including the permanently docked RMS Queen Mary and the Aquarium of the Pacific. Long Beach also hosts the Grand Prix of Long Beach, and is home to California State University, Long Beach.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. All units are upgraded including new vanities in the bathrooms, updated countertops, fresh paint, new fixtures and faucets, cabinets and appliances in the kitchens and updated vinyl flooring throughout. 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 Long Beach, it benefits from proximity to schools, parks, shopping, and dining. Easy access to major transportation routes further enhances its appeal. Investors looking for a promising multi-family property with enduring upside potential will find this 8-unit apartment building in Long Beach to be an attractive addition to their portfolio. Whether you're seeking a stable income stream or a long-term investment with room for growth, this property is worth considering. Don't miss out on this opportunity to own a piece of East Long Beach real estate history.