Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    2219 Pine Avenue, Long Beach, CA 90806
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    • MLS#: PW24201464 ( Commercial/Residential )
    • Street Address: 2219 Pine Avenue
    • Viewed: 17
    • Price: $2,380,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1948
    • Bldg sqft: 0
    • Days On Market: 112
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90806
    • Subdivision: Wrigley Area (wr)
    • Provided by: Amberwood Real Estate, Inc.
    • Contact: Marvin Marvin
    • DMCA Notice
    • Description
      Price just reduced!! 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. 2%. 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.
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    Features
    Appliances
    1. Water Heater
    Architectural Style
    1. Contemporary
    Assessments
    1. Unknown
    Association Fee
    1. 0.00
    Building Area Total
    1. 6440.00
    Commoninterest
    1. None
    Common Walls
    1. 1 Common Wall
    Construction Materials
    1. Stucco
    Cooling
    1. None
    Country
    1. US
    Days On Market
    1. 74
    Direction Faces
    1. East
    Electric
    1. 220 Volts
    Electric Expense
    1. 360.00
    Entry Location
    1. West
    Fencing
    1. Wood
    Flooring
    1. Carpet
    2. Wood
    Foundation Details
    1. Raised
    Fuel Expense
    1. 0.00
    Garage Rental Rate
    1. 150.00
    Garage Spaces
    1. 4.00
    Gardner Expense
    1. 900.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 7500.00
    Interior Features
    1. 2 Staircases
    Laundry Features
    1. Common Area
    2. Gas Dryer Hookup
    3. Individual Room
    4. Washer Hookup
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 6-10 Units/Acre
    Netoperatingincome
    1. 148328.00
    Newtaxesexpense
    1. 17599.00
    Number Of Separate Electric Meters
    1. 10
    Number Of Separate Gas Meters
    1. 10
    Otherexpense
    1. 275.00
    Otherexpensedescription
    1. PA Lic.
    Otherincome1
    1. 400.00
    Otherincome2
    1. 500.00
    Otherincomedescription
    1. Bonus/Studio & 4 Parking Space
    Parcel Number
    1. 7205020028
    Parking Features
    1. Garage Faces Rear
    2. Garage - Single Door
    3. Off Street
    4. On Site
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 8400.00
    Property Type
    1. Commercial/Residential
    Property Condition
    1. Updated/Remodeled
    Road Frontage Type
    1. Alley
    2. City Street
    Road Surface Type
    1. Paved
    Roof
    1. Composition
    Security Features
    1. Carbon Monoxide Detector(s)
    2. Smoke Detector(s)
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 424030819:CRM
    Spa Features
    1. None
    Subdivision Name Other
    1. Wrigley Area (WR)
    Tenant Pays
    1. Electricity
    2. Gas
    Totalactualrent
    1. 16276.00
    Totalexpenses
    1. 46984.00
    Trash Expense
    1. 0.00
    Uncovered Spaces
    1. 2.00
    Utilities
    1. Cable Connected
    2. Electricity Connected
    3. Natural Gas Connected
    4. Sewer Connected
    5. Water Connected
    Views
    1. 17
    Water Sewer Expense
    1. 4500.00
    Water Source
    1. Public
    Year Built
    1. 1948
    Year Built Source
    1. Assessor
    Zoning
    1. LBR2N
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836