2219 Pine Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,440 sqft
Price per Sqft $369
Subdivision Wrigley Area
MLS Listing ID PW-24201464
Style Contemporary
Year Built 1948
Lot Size 6,623 Sqft
Property Description
PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.4%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Interior Features 2 Staircases
Heating Wall Furnace
Cooling None
Flooring Carpet,Wood
Laundry Common Area,Gas Dryer Hookup,Individual Room,Washer Hookup
Exterior
Parking Features Garage - Single Door,Garage Faces Rear,Off Street,On Site
Garage Spaces 4.0
Pool None
Community Features Curbs,Sidewalks,Street Lights
Utilities Available Sewer Connected,Water Connected,Cable Connected,Electricity Connected,Natural Gas Connected
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer