1952 Pine Ave | Long Beach, CA 90806
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- LoopNet Team
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 |
| 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 |
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 | $963,900 |
| Land Assessment | $688,500 | Total Assessment | $1,652,400 |
PROPERTY TAXES
Parcel Number
7209-017-012
Land Assessment
$688,500
Improvements Assessment
$963,900
Total Assessment
$1,652,400
zoning
| Zoning Code | R4R, Long Beach |
| R4R, Long Beach |
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