Long Beach, CA 90806,2237 Pine AVE
Long Beach, CA 90806,2237 Pine AVE
Long Beach, CA 90806,2237 Pine AVE
13
$1,750,000
$1,749,000
0.1%
Est.Price: ?

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6,098 Sqft Lot

2237 Pine AVE Long Beach, CA 90806

Est. payment /mo
SOLD DATE : 06/25/2021

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Key Details

Sold Price $1,750,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW21084085

Year Built 1946

Lot Size 6,098 Sqft

Property Description

We are proud to present this Eight Unit Building in Great, Wide Street, Wrigley Location!!! This Gated building is comprised of (Two) 2bed/1bath and (Six) 1bed/1bath nicely sized units, (4) Garages renting for $150 each, and a Laundry/Storage Room. Current owner has maintained the property in good condition and has Upgraded All Kitchens with New Cabinets, Granite Countertops, and New Ceramic Tile Flooring. Six of the units have also been Upgraded with New two piece Shower and Tub Combo and New Tile Flooring. Other Property Upgrades include a New Roof 8 years ago, Double Pane / Low-E Windows throughout, and Plumbing was Upgraded to Copper and Pex 6 years ago. Very Desirable Rental area near Schools, Public Transportation, and Shopping Centers. There is a tremendous upside potential to raise the rents 40-60% and have this asset perform at a 6.0% + cap rate. Market / Pro Forma GSI is $164,000+/year.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Zoning LBR2N

Interior

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Lilia Lopez • On The Move Realty
Bought with Anthony Walker • Buckingham Investments, Inc

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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