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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.

Features
: Wall Furnace
2
1
: Individual Room, Common Area, Gas Dryer Hookup, Washer Hookup
0
: Curbs, Sidewalks, Street Lights
: Contemporary
Additional Information
Amberwood Real Estate, Inc.
0
ZMALOMAR
PB14013
Marvin
7205020028
: Standard
4
Two
25

Multi-Family For Sale

2219 Pine Avenue, Long Beach, California 90806

6,440 Sqft
$2,500,000
Listing ID #PW24201464
Basic Details
Status : Active
DaysOnMarket : 11
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW24201464
Price : $2,500,000
Living Area : 6,440 Sqft
Lot Size : 6,623 Sqft
Year Built : 1948
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90806
Price Per Square Foot : $388
Subdivision : Wrigley Area (WR)
ModificationTimestamp : 2024-10-28 20:02:07
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