NEW PRICE REDUCTION!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.9%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.
For sale
Listing Provided by:
Marvin Malone DRE #01202247 562-377-2370,
Amberwood Real Estate, Inc.
Price cut: $100K (6/11)
$2,199,000
2219 Pine Ave, Long Beach, CA 90806
12beds
10baths
6,440sqft
Est.:
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$341/sqft
$-- HOA
What's special
- 254 days
- on Zillow |
- 102 |
- 2 |
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