Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav

1440 Coronado Avenue

1440 Coronado Avenue,Long Beach, CA 90804

5

Unit

$1,200,000

Price

Property Details

Price Per Unit

$240,000

Price per SF

$461

Current Cap Rate

5.23%

Market Cap Rate

6.47%

Current GRM

11.98

Market GRM

10.31

1440 Coronado Avenue

1440 Coronado Avenue,Long Beach, CA 90804

$1,200,000

Price

Property Details

Price per SF

$461

Price Per Unit

$240,000

Price per SF

$461

Current Cap Rate

5.23%

Market Cap Rate

6.47%

Unit

5

Current GRM

11.98

Market GRM

10.31

Description

1440 Coronado Avenue is an apartment asset with five (5) bungalow-style units in Long Beach, California with ±16% potential upside in rents.
The property is comprised of (1) 2BD/1.5BA unit; (2)
2BD/1BA units; (1) 1BD/1BA unit; and (1) studio unit. The 6,863-square-foot lot also offers an ample outdoor area with lush green grass and mature trees.
The property is priced 11.98 GRM and 5.23% cap rate at current rents with upside to 10.31 GRM and 6.47% cap rate at market rents.

Highlights

  • Strong Mix of 2BD,1BD and Studio Units
  • ±16% Potential Upside in Rents
  • 11.98 GRM/5.23% Cap Rate on Current Rents, with Upside to 10.31 GRM/6.47% Cap Rate at Market Rents

Map