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305 Coronado Avenue

Sales Price: $4,200,000

Units: 16

Price Per Unit: $262,500

Price Per SF: $422

Cap Rate (Current): 4.59%

Selling Agent: Steve "Bogie" Bogoyevac

16 UNITS IN LONG BEACH'S BLUFF HEIGHTS NEIGHBORHOOD ACQUIRED FOR $4.2MM

December 1, 2020

Just closed for $4,200,000! We’re pleased to announce the successful acquisition of 305 Coronado Avenue, a renovated 1948 construction apartment building well-located in Long Beach’s historic Bluff Heights district. The property offers eight studios, eight one-bedroom units, private patios, on-site laundry, and storage lockers. We represented the buyer in this transaction, and the desirable terms of our client's offer included a short 10-day due diligence period, no financing contingency, and a non-refundable deposit passed through to the seller following contingency removal. For more information, please contact Steve “Bogie” Bogoyevac at Steve.Bogoyevac@MarcusMillichap.com.

Los Angels Real Estate Borkers - The Bogie Group
880 Apollo Street, Suite 101, El Segundo, CA 90245
requests@bigrea.com
(424) 301-3800
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