2219 Pine Avenue,Long Beach, CA 90806
Long Beach, CA 90806
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 6.2%. 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.
Details
| MLS# | PW24201464 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 193 |
| Listing Provided By | Amberwood Real Estate, Inc. 562-799-2388 | Marvin Malone |
Features
| SQ Feet | 6,440 |
|---|---|
| Garage | 4 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LBR2N |
| Acreage | 0.15 |
Market Activity 90806
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Community Name | Wrigley Area (WR) |
| Listing VS Median (in Wrigley Area (WR)) | |
Price: $2,299,000 low | high Med: $1,668,000 SqFt: 6,440 low | high Med: 4,360 $ / SqFt: $357 low | high Med: $383 On site: 193 low | high Med: 21.000000 | |