2219 Pine Avenue

Long Beach, CA 90806

PRICE REDUCED

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-$120,000 (-4.80%)

$2,380,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1948

calendar_month Built

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.

Listing Information

List Price $2,380,000
Status Active
MLS PW24201464
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1948
Lot Size 6,623
Structure Size N/A
DOM 62
Courtesy Of Amberwood Real Estate, Inc.
Listing Agent Marvin Malone DRE#01202247

Interior Features

Laundry Information
Location(s) Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Wood
Additional Information
Additional Features Multiple Staircases
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Marvin Malone, Amberwood Real Estate, Inc. 562-377-2370. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 12:18 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.