Long Beach, CA 90806,2219 Pine Avenue
Long Beach, CA 90806,2219 Pine Avenue
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$2,299,000
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6,440 SqFt
Active

2219 Pine Avenue Long Beach, CA 90806

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $356

MLS Listing ID CRPW24201464

HOA Y/N No

Year Built 1948

Lot Size 6,623 Sqft

Acres 0.15

Property Sub-Type Other

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

Zoning LBR2

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplace No

Laundry Laundry Room, Other

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7205020028


Bridge MLS
Listed by Marvin Malone • Amberwood Real Estate, Inc.

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agent

Harold Thomas Jr

Broker | License ID: 01208644

+1(510) 305-7789

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2219 Pine Avenue