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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,668,000
Est. payment /mo
4,360 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,360 sqft
Price per Sqft $382
Subdivision Wrigley Area
MLS Listing ID PW-25075567
Year Built 1948
Lot Size 7,500 Sqft
Property Sub-Type Commercial/Residential
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
Zoning LBR3T
Interior
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Suburban
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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Naghmeh Keyvani
Broker Associate | License ID: DRE# 02091823
Broker Associate License ID: DRE# 02091823