2219-2221 Pine Ave - Apartments FOR SALE


Long Beach, CA 90806- Wrigley
$2,199,000 USD
562-377-2370
2219-2221 Pine Ave, Long Beach, CA for Sale
$2,199,000 USD
Apartments - FOR SALE
1/8
null | 6.9% Cap Rate

2219-2221 Pine Ave
Long Beach, CA 90806
Wrigley


OVERVIEW

DESCRIPTION NEW PRICE REDUCTION!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.9%. 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 9 Units & 1 Bonus Room/Studio - Apartment Building is Located in a High Demand Rental Area!! Conveniently Located Close to Malls, Shopping, Restaurants, Entertainment, Downtown Long Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island and Metro Link, 10 minutes from Long Beach Airport and 20 minutes from (LAX) Los Angeles Airport.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

10

PRICE/UNIT

$219,900

CAP RATE

6.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,438 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7205-020-028

ASK ABOUT THIS PROPERTY

Marvin MaloneAmberwood Real Estate, Inc.More Info
562-377-2370

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Marvin MaloneAmberwood Real Estate, Inc.More Info
562-377-2370

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