$1,250,000 - 1557 Pine Avenue, Long Beach

  • 0Beds
  • Baths
  • 4,952SQ. Feet
  • 0.17Acres

557 Pine Avenue, a six-unit apartment property in Long Beach, California. The property is located in Long Beach’s Washington neighborhood just south of Pacific Coast Highway and conveniently near the Metro Blue Line and the 710 Freeway. 1557 Pine Avenue consists of three buildings: a fourplex, a freestanding house, and a rear building with a single unit above four single-car garages. The front fourplex offers two one-bed/one-bath and two two-bed/one-bath units that are all 924 square feet, and the freestanding house is a 970-square foot unit with two bedrooms and one and one-half baths. All of the units are separately metered for gas and electricity. With a solid unit mix in a strong rental market, 1557 Pine Avenue presents an excellent opportunity for an investor to add value and capture substantial potential upside in rents. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

Sales Agent

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

Essential Information

  • MLS® #:PW19028359
  • Price:$1,250,000
  • Bathrooms:0.00
  • Square Footage:4,952
  • Acres:0.17
  • Year Built:1920
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1557 Pine Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Downtown (DT)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:4
  • # of Garages:4

Interior

  • Appliances:None

Exterior

  • Lot Description:Front Yard, Lawn

Additional Information

  • Date Listed:February 6th, 2019
  • Days on Market:75
  • Zoning:LBR4R

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Downtown (dt)

  • City:
    Long Beach
  • Price Range:
    $580,000 - $7,300,000
  • Current Listings:
    16
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $372
  • Link:
    Downtown (DT) Homes For Sale
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Provided By: Steven Bogoyevac(01332755), Steven M. Bogoyevac, Broker.

Based on information from California Regional Multiple Listing Service, Inc. as of April 23rd, 2019 at 7:07am 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.