2219 Pine Avenue
Long Beach, CA, 90806
$2,500,000
Beds
0 Baths
SqFt
0.15 Acres
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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.

Property Details

Price:
$2,500,000
MLS #:
PW24201464
Status:
Active
Baths:
0
Address:
2219 Pine Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Oct 17, 2024
State:
CA
ZIP:
90806
Lot Size:
6,623 sqft / 0.15 acres (approx)
Year Built:
1948
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Schools

Interior

Appliances
Water Heater
Cooling
None
Flooring
Carpet, Wood
Heating
Wall Furnace
Interior Features
2 Staircases

Exterior

Community Features
Curbs, Sidewalks, Street Lights
Electric
220 Volts
Fencing
Wood
Foundation Details
Raised
Garage Spaces
4.00
Lot Features
6-10 Units/ Acre
Parking Features
Garage Faces Rear, Garage – Single Door, Off Street, On Site
Parking Spots
6.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Map

Community

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Rover IDX
2219 Pine Avenue
Long Beach, CA