$4,925,000 - 1845 1851 Pine Avenue, Long Beach

  • 0Beds
  • Baths
  • 13,144SQ. Feet
  • 0.31Acres

Pine Crest Apartments at 1845-1851 Pine Avenue is a 20-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 13.15 GRM on actual rents. The property offers (2) one-bedroom/one-bath and (18) two- bedroom/one-bath units. Eleven of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features six garages and eight surface spaces, for a total of 14 parking spaces; cheery new paint; new windows; two laundry rooms; separate meters for gas and electric; and a lushly landscaped community courtyard. This area is beginning to benefit from the large amount of capital flooding into Long Beach. As renters move inland from Downtown Long Beach and beach areas, renter demographics are changing in the surrounding areas. Exciting new developments are taking place within just a few blocks from the property.

Sales Agent

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

Essential Information

  • MLS® #:PW19219373
  • Price:$4,925,000
  • Bathrooms:0.00
  • Square Footage:13,144
  • Acres:0.31
  • Year Built:1959
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1845 1851 Pine Avenue
  • Area:Wrigley Area (5)
  • Subdivision:Wrigley Area (WR)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806

Amenities

  • Parking Spaces:14

Exterior

  • Lot Description:16-20 Units/Acre

Additional Information

  • Date Listed:September 13th, 2019
  • Days on Market:66
  • Zoning:LBR4R

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Provided By: Robert Stepp(01456379), Keller Williams Pacific Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of November 19th, 2019 at 9:26am CST. 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.