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    2009 Pine Ave

    Long Beach, CA 90806
    • $1,999,000
    • STATUS: Active Under Contract
    • ON SITE: 201 days
    • ID#: 20-563672
    Under Contract
    UPDATED: 15 min ago
    $1,999,000
    • 10
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,148
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T11:42:29.173. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/104138158
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    2009 Pine Ave Long Beach, CA 90806

    • Price: $1,999,000
    • Status: Active Under Contract
    • Updated: 15 min ago
    • ID#: 20-563672
    10
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    6,148
    SQFT
    $325
    $/SQFT
    1949
    Built
    Neighborhood:
    Wrigley
    County:
    Los Angeles
    Area:
    Wrigley
    Property Description
    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.
    Exterior Features

    Lot Size Area 7500 Other Structures None Parking Garage Garage Is Attached Total Parking 4

    Interior Features

    Baths Total 10.00 Cooling None Equipment None Heating Wall Gas

    Property Features

    Gross Income 149000 Gross Operating Income 149000 Like Units1 8 Like Units2 1 Net Operating Income 99000.00 Number Of Buildings 2 Number Of Units 9 Sale Type Standard Source Living Area Appraiser Source Lot Size Area Assessor Total Annual Expense 50000 Type Of Units Income Year Built Source Other Zoning Lbr3t

    Listing provided courtesy of Jonathan Swire DRE#01336277 of The Agency.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T11:42:29.173. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211