Active
2219 Pine Avenue
Long Beach CA, 90806
$2,380,000
$369.57 per sqft
Active
6,440 sqft
Multi-family
Built in 1948
Listed by Marvin Malone with Amberwood Real Estate, Inc. 562-377-2370
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 7.0%. 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
December 19, 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
Days on Market
62
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 History
Date | Event | Price |
|---|---|---|
12/19/2024 | Price change | $2,380,000 -5% |
Listing Contact: 562-799-2388
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. 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.
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Data last updated on 12/19/2024 at 5:18 AM UTC