About 2219 Pine Avenue
NEW PRICE REDUCTION!! This 10-Unit Apartment Building is a Great Investment for an Investor. The Owner Has Owned this Property for over 25 Years and has Maintain and Kept up with all the Maintenances. Located in the South Wrigley Area with a Market Cap Rate of 7.11%. 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.
Features of 2219 Pine Avenue
| MLS® # | PW24201464 |
|---|---|
| Price | $2,199,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Acres | 0.15 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 2219 Pine Avenue |
|---|---|
| Area | LONG BEACH (90806) |
| Subdivision | South |
| City | Long Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90806 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | Yes |
| Stories | 2 Story |
Exterior
| Lot Description | Curbs,Sidewalks |
|---|---|
| Roof | Composition |
| Construction | Stucco |
Additional Information
| Date Listed | October 17th, 2024 |
|---|---|
| Days on Market | 313 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Amberwood Real Estate, Inc. |
|---|