$2,049,000 - 2009 Pine Avenue, Long Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0Acres

This 9 unit building offers an investor the opportunity to acquire a great asset in the highly desirable Wrigley area of Long Beach. Proforma 5.7% CAP. The property is comprised of two buildings with different APN numbers situated on one lot encompassing a gross area of approximately 7,449 square feet. There are 8 one bedroom units averaging 650 Sq Ft and 1 two bedroom/two bathroom town home unit.The exterior of the building as well as all of the unit interiors have been remodeled. The exterior has received all new paint and landscaping and the interiors have been upgraded with new counter tops, fixtures, flooring and paint. Updated electric and mostly copper plumbing throughout (Buyer to verify), including 8 new water heaters. There are also 4 garages onsite (3 are rented for $300 total) and there is a beautifully landscaped garden style courtyard. A 5 year fixed at 3.6% with 3 years of I/O at 30% down may be available. EMAIL LISTING AGENT FOR MORE INFO AND A RENT ROLL.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:20563672
  • Price:$2,049,000
  • Bathrooms:0.00
  • Acres:0.00
  • Year Built:1949
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:2009 Pine Avenue
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806

Interior

  • Cooling:None

Additional Information

  • Date Listed:March 13th, 2020
  • Days on Market:20
  • Zoning:LBR3T

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Provided By: Jonathan Swire(01336277), The Agency.

Based on information from California Regional Multiple Listing Service, Inc. as of April 3rd, 2020 at 6:46pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.