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.
MLS #
CRPW24201464
MLS Source
California Regional MLS
Days on Site
35
Cooling
None
Heating
Wall Furnace
Roof
Composition
Foundation
Raised
Style
Contemporary
Garage/Parking
Common Parking Area, Garage, Off-Street Parking, Garage: 4 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
2219 Pine Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,500,000 and was built in 1948.
This address can also be written as 2219 Pine Ave, Long Beach, CA 90806.©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 29, 2024. For the most current information, please contact Marvin Malone, (562) 377-2370