Long Beach, CA 90806,2237 Pine AVE
Long Beach, CA 90806,2237 Pine AVE
Long Beach, CA 90806,2237 Pine AVE
16
$1,750,000
$1,749,000
0.1%
Est.Price: ?

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5,554 SqFt

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

Square Footage 5,554 sqft

Price per Sqft $315

Subdivision Wrigley Area (Wr)

MLS Listing ID PW21084085

Sold Date 06/25/21

HOA Y/N No

Year Built 1946

Lot Size 6,098 Sqft

Acres 0.14

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

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7205020025

Acceptable Financing Submit

Listing Terms Submit

Financing Private

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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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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