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2219 Pine Avenue, Long Beach, CA 90806
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2219 Pine Avenue
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  • MLS#: PW24201464 ( Commercial/Residential )
  • Street Address: 2219 Pine Avenue
  • Viewed: 1
  • Price: $2,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Subdivision: Wrigley Area (wr)
  • Provided by: Amberwood Real Estate, Inc.
  • Contact: Marvin Marvin
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Water Heater
Architectural Style
  1. Contemporary
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 6440.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Days On Market
  1. 13
Direction Faces
  1. East
Electric
  1. 220 Volts
Electric Expense
  1. 1275.00
Entry Location
  1. West
Fencing
  1. Wood
Flooring
  1. Carpet
  2. Wood
Foundation Details
  1. Raised
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 150.00
Garage Spaces
  1. 4.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 2400.00
Interior Features
  1. 2 Staircases
Laundry Features
  1. Common Area
  2. Gas Dryer Hookup
  3. Individual Room
  4. Washer Hookup
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 166764.00
Newtaxesexpense
  1. 17585.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Otherincome1
  1. 200.00
Otherincome2
  1. 500.00
Otherincomedescription
  1. Bonus/Studio & 2 Parking Space
Parcel Number
  1. 7205020028
Parking Features
  1. Garage Faces Rear
  2. Garage - Single Door
  3. Off Street
  4. On Site
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Updated/Remodeled
Road Frontage Type
  1. Alley
  2. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424030819:CRM
Spa Features
  1. None
Subdivision Name Other
  1. Wrigley Area (WR)
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 33060.00
Trash Expense
  1. 1200.00
Uncovered Spaces
  1. 2.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
Water Sewer Expense
  1. 3600.00
Water Source
  1. Public
Year Built
  1. 1948
Year Built Source
  1. Assessor
Zoning
  1. LBR2N