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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 2,500,000

Est. payment -/mo

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Active

2219 Pine AVE Long Beach, CA 90806

6,440 SqFt

UPDATED:

10/29/2024 03:02 AM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,440 sqft

Price per Sqft $388

Subdivision Wrigley Area (Wr)

MLS Listing ID PW24201464

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 6,621 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Rooms

Ensuite Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Interior

Interior Features Multiple Staircases

Laundry Location Common Area,Washer Hookup,Gas Dryer Hookup,Laundry Room

Heating Wall Furnace

Cooling None

Flooring Carpet, Wood

Fireplace No

Appliance Water Heater

Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room

Exterior

Garage Door-Single, Garage, On Site, Off Street, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Fence Wood

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Composition

Parking Type Door-Single, Garage, On Site, Off Street, Garage Faces Rear

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7205020028

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Marvin Malone • Amberwood Real Estate, Inc. • 562-377-2370

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

2219 Pine AVE Long Beach, CA 90806

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2219 Pine AVE