2219 Pine Avenue, Long Beach CA, 90806

Active

2219 Pine Avenue

Long Beach CA, 90806

$2,500,000

$388.20 per sqft

Active

6,440 sqft

Multi-family

Built in 1948

Listed by Marvin Malone with Amberwood Real Estate, Inc. 562-377-2370

This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.6%. 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.

PW24201464

MLSⓇ ID

October 17, 2024

Listed

October 18, 2024

Updated

Map

2219 Pine Avenue
Long Beach CA, 90806

Interior Features

Total Stories: 2
Interior Features: Multiple Staircases
Appliances: Water Heater
Laundry Description: Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room
Floor Description: Carpet, Wood
Fireplace: No
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.15 Acres
Lot Features: 6-10 Units/Acre
Architectual Style: Contemporary
Roof: Composition
Sewer: Public Sewer

Other Property Details

Area Name: 5 - Wrigley Area
Garage: Yes
Garage Spaces: 4
Parking: Door-Single, Garage, On Site, Off Street, Garage Faces Rear
Parking Total: 6
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR2N

Listing Contact: 562-799-2388

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/18/2024 at 12:56 PM UTC