2032 Pine Avenue isan eight unit multifamily investment property in Long Beach, California. The asset is a 1948 construction on a gated lot and offers a single story fourplex and a rear two story building with two units above two brand new ADUs. The unit mix consists of four one bed/one baths, three two bed/one baths, and one two bed/two bath, and the units are separately metered for gas and electricity. The property also offers on site laundry.
2032 Pine Avenue is located on the border of the Wrigley and Poly High neighborhoods proximate to retail (WalkScore: 84) and the Metro Blue Line. The area is a dense rental market with consistently low vacancy rates.
Current rents offer a new investor 14 percent rental upside.
2032 Pine Avenue is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six unit building also in Long Beach. Properties available separately or together.