2219 Pine Avenue

Long Beach, CA 90806
$2,299,000
PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.2%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom,Read MoreRead Less
Property listed by Amberwood Real Estate, Inc., Marvin Malone 562-377-2370
Listing Snapshot
Days Online
205
Last Updated
Property Type
Apartment
Lot Size
0.15 Acres
Year Built
1948
MLS Number
PW24201464
Property Location Map
Additional Details
Property Access
Road frontage type: Alley, CityStreet, Road surface type: Paved
Appliances & Equipment
WaterHeater
Building
Built in 1948, Building area total: 6,440, Levels: Two, 2 stories, 1 building, Architectural style: Contemporary, Attached, Common walls: OneCommonWall, Construction materials: Stucco
Community
Curbs, StreetLights, Sidewalks
Cooling
None
Expenses
Electric expense: $360, Gardener expense: $900, Insurance expense: $7,500, Licenses expense: $450, Maintenance expense: $7,000, New taxes expense: $17,599, Operating expense: $46,984, Water sewer expense: $4,500, Other expense: $275
Fence
Wood
Floors
Carpet, Wood
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $1,000, Net operating income: $148,328
Interior Features
MultipleStaircases
Laundry
CommonArea, WasherHookup, GasDryerHookup, LaundryRoom
Lot
0.152 acres, 6,623 square feet, Size: 6,623, SixToTenUnitsAcre
Parking
2 open parking spaces, 6 totals parking, DoorSingle, Garage, OnSite, OffStreet, GarageFacesRear
Pool
None
Property
Zoning: LBR2N
Roof
Composition
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Sewer
PublicSewer
Spa
None
Tenant Pays
Electricity, Gas
Utilities
Volts220, CableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
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Monthly Payment
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Tina Burke
Realtor / CALDRE #01838777
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.