2210 Pine Ave - Multi-Family FOR SALE


Long Beach, CA 90806- Wrigley
$1,600,000 USD
562-266-7629
2210 Pine Ave, Long Beach, CA for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/13
null | 6.16% Cap Rate

2210 Pine Ave
Long Beach, CA 90806
Wrigley


HIGHLIGHTS

  • Two modern duplexes on one lot
  • Brand new 2025 construction duplex located in the rear
  • Newly remodeled two story duplex in the front
  • Upgraded 400A electrical service, new plumbing, electrical, kitchens, bathrooms, central HVAC, in unit laundry
  • Landlord only pays water utility
  • Ideal for owner user - potential to deliver 2 bed or 3 bed unit vacant

OVERVIEW

Situated in a nice and quiet pocket, this property features two modern duplexes offering a total of four units. The rear duplex is brand-new 2025 construction, and the front duplex is a fully remodeled two-story building. All units are turnkey with in-unit laundry, efficient mini-split heating and cooling, and upgraded systems throughout. The property includes a 400A electrical service, with the rear duplex fully electric for improved efficiency and lower utility costs. One 2 bed / 1.5 bath unit or one 3 bed 2 bath unit can potentially be delivered vacant, providing flexibility for an owner-user. Landlord is only responsible for paying water, tenants pay the remaining utilities. Both buildings have been completely updated with new plumbing, electrical, kitchens, bathrooms, and HVAC systems, offering stable and reliable income while hedging against AB1482 statewide rent control.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$519 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

6.16%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,041 SF

ZONING

LBRN2

APN/PARCEL ID

7205-019-012

ASK ABOUT THIS PROPERTY

Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

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Daniel GomezYoung Lewin AdvisorsMore Info
562-266-7629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.