$4,050,000
$4,600,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
0.39 Acres Lot
SOLD DATE : 09/29/2023
Key Details
Sold Price $4,050,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC23052526
Sold Date 09/29/23
Bedrooms 3
HOA Y/N No
Lot Size 0.390 Acres
Property Description
Coolidge Apartments is an 18-unit multifamily investment property located in Long Beach, CA. Coolidge Apartments offers a desirable mix of spacious one and two-bedroom floor plans and amenities including garage parking, gated access, an on-site laundry facility, and a central courtyard with a swimming pool. Unit interiors feature hardwood and carpet flooring, granite countertops, and ceiling fans. Coolidge Apartments has an excellent Long Beach location within 2 miles of the Lakewood Center, providing tenants with convenient access to everyday needs. The property is also located just over 3 miles from the plethora of retail, dining, and entertainment options at the Long Beach Exchange. Additionally, Coolidge Apartments is within blocks of all three levels of schooling. The property is within walking distance of the recently completed Bridge Point Long Beach industrial facility, a state-of-the-art distribution center with additional office space that is currently being leased by a major transportation and logistics provider that supplies operations for the United States Postal Service. According to the developer, Bridge Industrial, the facility is expected to bring more than 500 new jobs to the area. Furthermore, Coolidge Apartments benefits from its close proximity to State Route 91 and Interstate 710, connecting residents to employment hubs throughout Orange, Los Angeles, and Riverside Counties.
Coolidge Apartments is an 18-unit multifamily investment property located in Long Beach, CA. Coolidge Apartments offers a desirable mix of spacious one and two-bedroom floor plans and amenities including garage parking, gated access, an on-site laundry facility, and a central courtyard with a swimming pool. Unit interiors feature hardwood and carpet flooring, granite countertops, and ceiling fans. Coolidge Apartments has an excellent Long Beach location within 2 miles of the Lakewood Center, providing tenants with convenient access to everyday needs. The property is also located just over 3 miles from the plethora of retail, dining, and entertainment options at the Long Beach Exchange. Additionally, Coolidge Apartments is within blocks of all three levels of schooling. The property is within walking distance of the recently completed Bridge Point Long Beach industrial facility, a state-of-the-art distribution center with additional office space that is currently being leased by a major transportation and logistics provider that supplies operations for the United States Postal Service. According to the developer, Bridge Industrial, the facility is expected to bring more than 500 new jobs to the area. Furthermore, Coolidge Apartments benefits from its close proximity to State Route 91 and Interstate 710, connecting residents to employment hubs throughout Orange, Los Angeles, and Riverside Counties.
Location
State CA
County Los Angeles
Area Long Beach (90805)
Zoning Assessor
Exterior
Pool Community/Common
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range .25 to .5 AC
Level or Stories 2 Story
Others
Monthly Total Fees $300
Acceptable Financing Exchange
Space Rent $9,175
Listing Terms Exchange
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Tyler Leeson • Marcus & Millichap RE Invest