Long Beach, CA 90806,2032 Pine Avenue
Long Beach, CA 90806,2032 Pine Avenue
Long Beach, CA 90806,2032 Pine Avenue
Long Beach, CA 90806,2032 Pine Avenue
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$ 1,668,000
Est. payment | /mo

4,360 SqFt


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$ 1,668,000
Est. payment | /mo
Save

4,360 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,360 sqft

Price per Sqft $382

MLS Listing ID CRPW25075567

HOA Y/N No

Year Built 1948

Lot Size 7,500 Sqft

Acres 0.17

Property Sub-Type Other

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

Zoning LBR3

Interior

Fireplace No

Laundry Community Facility

Building

Lot Description Other

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7209018016

Bridge MLS
Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
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2032 Pine Avenue