
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.