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1754 Pine St
Long Beach, CA 90813
Pine Avenue Apartments · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 8,532 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2016 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4, Long Beach - Medium Density Multiple Residence | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,532 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2016 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R4, Long Beach - Medium Density Multiple Residence |
Amenities
Site Amenities
- Laundry Facilities
- Security System
About 1754 PINE ST , LONG BEACH, CA 90813
CBRE is pleased to present 1754 Pine Ave, a pristine, true turnkey 11-unit apartment building located in non-rent-controlled Long Beach, CA. This is a fantastic, unique to the market investment opportunity. The building was first developed in 1964 and in 2016 underwent an extensive and thorough renovation. The asset features one, two, and three bedroom units, six garages, two parking spots, and an on-site laundry facility. The recent remodel was completely permitted and features several hundred thousand dollars in renovations, essentially making this a brand new apartment building. Upgrades and replacements include stucco, paint, windows, doors, exterior lighting, electrical, plumbing, garage doors, washer and dryer, walkways and stairs, landscaping, and completely new unit interiors, including bathrooms and kitchens. You name it, it was done. This project has been well received in the market. Professional management has heavily screened all new tenants while leasing every unit with full one-month security deposits. Tenants enjoy a South Wrigley location that allows for easy freeway access for those commuting to either LA or Orange County. Vibrant, rapidly improving downtown Long Beach is a matter of blocks away. Numerous public transportation routes including the Metro Blue Line are also within easy walking distance.
Property Taxes
| Parcel Number | 7269-010-007 | Improvements Assessment | $1,560,600 |
| Land Assessment | $1,534,590 | Total Assessment | $3,095,190 |
Property Taxes
