$2,380,000
6,440 Sqft
6,623 Sqft

2219 Pine Avenue, Long Beach, CA 90806

  • Commercial Sale Property Type
  • 134 Days Days On Market
  • 1948 Year Built
Property Description

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, (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.

Basic Details
Commercial Sale
Other
For Sale
CRPW24201464
$2,380,000
134
6,440 Sqft
1948
6,623 Sqft
0.15 Acre
Active
Features
: Wall Furnace
: None
Public Sewer
: Carpet, Wood
: Laundry Room, Other
: Other, Garage Faces Rear
: Other
Address Map
CA
Los Angeles
Long Beach
90806
Pine Avenue
2219
W119° 48' 26.7''
LBR2
S/Willow & W/Long Beach Blvd
Additional Info
Amberwood Real Estate, Inc.
Marvin Malone
marvinmalone@hotmail.com
: Stucco
Active
Public
For Sale
Price History
10/17/2024
$2,500,000
$2,500,000
Additional Information
6440
Listing Information
2024-12-29T04:30:44Z
BayEast
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    Agent info
    Realty++
    Seshu Tirumalashetty
    Realty++
    Subhash Kapur
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629