Long Beach, CA 90806 1883 Pine Avenue

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Presented By: Nancy Wang with GoGo Realtors R.H Corp.; 909-967-3151
  • MLS# TR24047549
  • 03/08/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 4
  • FootageSQFT • 3,582
  • GarageGarage • 6

Home Details

Located in the desirable Wrigley area of Long Beach, this cute six units apartment building with recently installed new roof consists of 4 units of two bedroom apartment and 2 units of one bedroom apartment. Also included are six garages and lots of off-street parking located on this large lot. This property is ideal for an owner user looking to generate income or a straight up investor. Don't miss out on this opportunity. Come see! Positive cash flow!!
Presented By: Nancy Wang with GoGo Realtors R.H Corp.; 909-967-3151

Interior Features for 1883 Pine Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1883 Pine Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.12
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
Construction MaterialsStucco
CoolingWallWindowUnits
CountyLos Angeles
Days on Market32
DirectionsCross Streets: Pine and PCH
Electric Expense180.0
Entry Location1
Garage Spaces6.0
Garage Y/NYes
Gross Income91800.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense7510.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet6768.0
MLS Area5 - Wrigley Area
MaintenanceExpense3910.0
MobileHomeRemainsYNNo
Net Operating Income61804.0
New ConstructionNo
Number of Units Leased6
Operating Expense29996.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property ConditionFixer
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NamePine
Subdivision NameWrigley Area (WR)
Tax Lot30
Taxes$8,886
Total Actual Rent91800.0
Total Units6
Trash Expense1200.0
ViewNone
View Y/NNo
Water Sewer Expense3000.0
Waterfront Y/NNo
Year Built1979
Year Built SourceAssessor
ZoningLBR4R

Exterior for 1883 Pine Avenue

Building Area Total3582.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1554
Lot Size Area6768.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,500,000
MLS#TR24047549
List Date 03/08/2024
Property Type Multi-Family
Phone 714.964.3311
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