Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW24201464
MLS Source
California Regional MLS
Days on Site
66
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Raised
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage, Off-Street Parking, Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2219 Pine Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a 6,623 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,380,000 and was built in 1948. This address can also be written as 2219 Pine Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Marvin Malone, (562) 377-2370
