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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,668,000
Est. payment /mo
7,500 Sqft Lot
Active
2032 Pine AVE Long Beach, CA 90806
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25075567
Year Built 1948
Lot Size 7,500 Sqft
Source California Regional MLS
Property Description
2032 Pine Avenue isan eight-unit multifamily investment property in Long Beach, California. The asset is a 1948 construction on a gated lot and offers a single-story fourplex and a rear two-story building with two units above two brand new ADU's. The unit mix consists of four one-bed/one-baths, three two-bed/one-baths, and one two-bed/two-bath, and the units are separately metered for gas and electricity. The property also offers on-site laundry. 2032 Pine Avenue is located on the border of the Wrigley and Poly High neighborhoods proximate to retail (WalkScore: 84) and the Metro Blue Line. The area is a dense rental market with consistently low vacancy rates. Current rents offer a new investor 14 percent rental upside. 2032 Pine Avenue is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six-unit building also in Long Beach. Properties available separately or together.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 7209018016
Special Listing Condition Not Applicable
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