Multi-Family
620 Coronado Avenue
Property Snapshot
Address
620 Coronado Ave.
Long Beach, CA 90814
Long Beach, CA 90814
Purchase Price
$4,850,000.00
Number of Units
18
% Increase in Rents
Since Closing
Since Closing
65.06%
Projected IRR
17.23%
Built in 1963, the property has a total of 4 One Bed + One Bath, and 14 Two Bed + One Bath units averaging 854 square feet, with amenities such as garage parking, and on-site laundry.
Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 65%.