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$ 2,380,000
Est. payment /mo
Price Dropped by $120K
2219 Pine AVE Long Beach, CA 90806
6,623 Sqft Lot
UPDATED:
12/29/2024 03:07 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24201464
Style Contemporary
Originating Board California Regional MLS
Year Built 1948
Lot Size 6,623 Sqft
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
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, In Laundry Room, Laundry Area, 30
Exterior
Parking Features Garage, Common Parking Area, Off-Street Parking
Garage Spaces 6.0
Pool 31, None
Roof Type Composition
Building
Foundation Raised
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 7205020028
Special Listing Condition Not Applicable
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Listed by Marvin Malone • Amberwood Real Estate, Inc.