In Escrow Properties

244 – 246 Coronado Avenue

244 - 246 Coronado Avenue, Long Beach, CA 90803

Property Description


Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 244 – 246 Coronado Avenue, an 18-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Specifically, the property is located in the Bluff Heights neighborhood, one of the most desirable areas in the city. The building is also within walking distance to numerous local and national retail stores and just over one mile from the beach.

 

Situated on a 0.33-acre lot, the 14,045 square foot property consists of 3, one-bedroom units, 13, two-bedroom units, 1, two-bedroom townhouse, and 1 three-bedroom unit. Built in 1962, 244 – 246 Coronado Avenue offers amenities including a professionally landscaped courtyard, garage parking, screen doors, and on-site laundry.

 

Additionally, 39% of units have been completely or partially remodeled. Upgrades include new bathrooms, flooring, faucets, stainless steel appliances, patio fencing, and more (please contact listing broker for more information).

 

The property offers an investor the ability to capture tenants seeking a great beach neighborhood with convenient access to a wide variety of activities, transportation, and retail amenities. This overall demand will be a major driver in creating strong returns and future value appreciation at 244 – 246 Coronado Avenue.

Property Highlights


  • 83% of Units are Two- & Three-Bedroom Floor Plans
  • 39% of Units Have Been Completely or Partially Remodeled With High Quality Finishes
  • $230,000 in Recent Improvements
  • 9 Garages | 2 Parcels
  • Blocks Away From Belmont Shore's Famous 2nd Street
Status: In Escrow
Year Built: 1962
Price: N/A
No. of Units: 18
For more information on our listings, click here
Presented by
Tyler C. Leeson
Senior Managing Director
949-258-4539
CA license: 01451551
Nick A. Kazemi
Senior Associate
949-419-3333
CA license: 02008945