2219 Pine AVE, Long Beach, CA 90806 – PW24201464 - Liz Morehouse

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$2,380,000

Est. payment - /mo

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6,621 Sqft Lot

Price Dropped by $120K

2219 Pine AVE Long Beach, CA 90806

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Liz Morehouse

lizmorehouseproperties@gmail.com +1(760) 936-1572

UPDATED:

12/19/2024 12:18 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24201464

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 6,621 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 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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features Multiple Staircases

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplace No

Appliance Water Heater

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Parking Features Door-Single, Garage, On Site, Off Street, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Wood

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7205020028

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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

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Liz Morehouse

Agent | License ID: 02125172

+1(760) 936-1572

2219 Pine AVE Long Beach, CA 90806

Liz Morehouse

Key Details

Location

Interior

Exterior

Building

Others

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2219 Pine AVE