1952 Pine, Long Beach, CA 90806
1952 Pine, Long Beach, CA 90806
1952 Pine, Long Beach, CA 90806
1952 Pine, Long Beach, CA 90806
1952 Pine, Long Beach, CA 90806
1952 Pine, Long Beach, CA 90806
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Juan Ponce

Juan Ponce

+1(626) 235-1591
$ 1,565,000
Est. payment | /mo

6,743 Sqft Lot

Save
$ 1,565,000
Est. payment | /mo
Save

6,743 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB26098488

HOA Y/N No

Year Built 1940

Lot Size 6,743 Sqft

Property Sub-Type Apartment

Property Description

Priced to sell! This well-performing 8-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 386 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.81X GRM and 7.3% cap rate. There is a courtyard in the middle of the property for tenant enjoyment. This property is located about 1.5 miles from Downtown Long Beach, and less than a mile to the 710 freeway, making this a strong rental location for tenants and investors. Tenants can utilize the nearby Metro Line, shopping centers, medical facilities, schools, and dining. Don't miss out on this incredible opportunity! Available for sale with neighboring property, 1958 Pine. Offering memorandum in supplemental materials.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7209017012

Energy Description 1948.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Malcolm Zeger Buckingham Investments, Inc 626-483-7983, DRE #02013882

Nearby Locations

Juan Ponce

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(626) 235-1591

jp.ponce@exprealty.com

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1952 Pine