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    2009 Pine Avenue

    Long Beach, CA 90806
    • $1,999,000
    • STATUS: Active Under Contract
    • ON SITE: 190 days
    • ID#: 20563672
    Under Contract
    UPDATED: 49 min ago
    $1,999,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1949
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2020-09-20T21:25:42.683. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

    www.sonyathebroker.com/homes/104140302
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    2009 Pine Avenue Long Beach, CA 90806

    • Price: $1,999,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: 20563672
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1949
    Built
    County:
    Los Angeles
    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 Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN Yes Gross Income 149000.00 Gross Multiplier 13.70 Gross Operating Income 149000.00 Net Operating Income 99000.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 50000.00 Zoning Lbr3t

    Listing provided courtesy of Jonathan Swire of The Agency


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-20T21:25:42.683. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

     
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