Homes for sale - 2219 Pine Avenue, Long Beach, CA 90806

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John R Thompson

jrtcalibroker@gmail.com +1(805) 796-5221

Listed by Marvin Malone • Amberwood Real Estate, Inc.

$2,299,000

Est. payment - /mo

6,440 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $356

Subdivision Wrigley Area

MLS Listing ID PW-24201464

Style Contemporary

Year Built 1948

Lot Size 6,623 Sqft

Property Sub-Type Apartment

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 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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Interior Features 2 Staircases

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

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

Exterior

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

Garage Spaces 4.0

Pool None

Community Features Curbs, Sidewalks, Street Lights

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

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

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John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

2219 Pine Avenue Long Beach, CA 90806

John R Thompson

Key Details

Location

Interior

Exterior

Building

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2219 Pine Avenue