The Pine Apartments are a well-maintained, pride of ownership property on a tree-lined residential street in the historic Wrigley district. The building is comprised of large 1-bedroom units, and amenities include (5) garages and a gated courtyard. There is substantial upside in the rents, allowing the buyer an opportunity to dramatically increase cash flow and add value. The building is individually metered for electricity and gas, and is conveniently located within walking distance to retail, restaurants, and public transportation. Please do not walk the property, as the tenants are unaware of the sale.
Long Beach is located in south Los Angeles County and is the 7th largest city in California, with an approximate population of 475,000. The city is home to the Port of Long Beach, which is the second busiest container port in the United States. Long Beach benefits from convenient access to Pacific Coast Highway, as well as the 405, 22, 605, and 710 freeways, giving residents an easy commute to both Orange and Los Angeles Counties. The city is also home to both California State University Long Beach and Long Beach City College, which collectively enroll over 60,000 students. The largest local private employers include Long Beach Memorial Medical Center, Boeing Aerospace, Molina Healthcare, and SCAN Healthplan.
