PRESS RELEASE

Coronado.jpg
Obispo.jpg
Coronado Obispo Map.PNG

September 17th, 2019

Miramar Capital Completes Acquisition of 434 Obispo and 425 Coronado in Long Beach, CA

Miramar Capital is pleased to announce the acquisition of 434 Obispo and 425 Coronado Apartments. The property is located in the Alamitos Beach area of Long Beach near the intersection of Redondo Ave and 4th Street, an area that has recently undergone significant improvements. Long Beach continues to experience steady growth due to its prime coastal location, business-friendly policies, and $2.5 billion worth of upcoming public and private projects.

The property is comprised of two three-story multifamily complexes with 48 units and approximately 45,000 square feet combined.