370 Coronado Ave Long Beach, CA 90814

Agent Remarks: Great opportunity for this well producing bungalow-style triplex in a prime Bluff Heights location. Units have been recently updated, units are fully occupied with paying tenants and has been professionally managed. All the windows, in all 3 units have been updated to dual pane vinyl windows, the exterior has all recently and front has been beautifully landscaped. Unit 370 is a 2 bed/1 bath 750 sq/ft with it's own private backyard oasis and laundry hookups in the garage . The front two units (372 & 372 1/2) share a beautiful oversized front porch, perfect for relaxing and enjoying the neighborhood. Unit 372 is a 1 bed/1 bath 650 sq/ft with beautiful hardwood floors, new contemporary paint, ceiling fans and most recently updated with fully renovated kitchen with new designer cabinets, granite countertops, new overhead vent hood, new tile flooring, new sink and new hardware. Unit 372 1/2 is a 1 bed/1 bath 650 sq/ft with remodeled open kitchen with granite countertops, new sink and fixtures as well as beautiful dark hardwood floors throughout. Strong 15 GRM and accurate 4.5% cap rate factoring last 12 months actual expenses and new tax amount!!! Rent Roll is attached under supplements. These units are well maintained, professionally managed and ready to make you some money. Ideal location, located within walking distance to local shops, cafes, and the beach. Please do not disturb tenants. *Interior photos on listing were taken before tenants moved in.

Continue Reading