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1952 Pine Ave
Long Beach, CA 90806
5.24% Return! · Multifamily Property For Sale
·
6 Units
Investment Highlights
- 5.24% Cap Rate Current & 12.5 GRM
- Rare Low Price Point in Desirable Wrigley Market
- 60% + LTV Potential with Strong Current Cash Flow
- Value Add - Upside to over a 6% Cap Rate!
- Add 2 ADUs Above Garages - Garages Already Have Utilities
- New Electric Panels in Every Unit
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,718 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Zoning | R4R, Long Beach | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,718 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | R4R, Long Beach |
Amenities
Site Amenities
- Courtyard
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,988 | 786 |
Property Taxes
| Parcel Number | 7209-017-012 | Improvements Assessment | $983,178 |
| Land Assessment | $702,270 | Total Assessment | $1,685,448 |
Property Taxes
Parcel Number
7209-017-012
Land Assessment
$702,270
Improvements Assessment
$983,178
Total Assessment
$1,685,448
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