This Multifamily Property is no longer advertised on LoopNet.com.

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
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

ZONING

Zoning Code R4R, Long Beach
  • Listing ID: 27653418

  • Date on Market: 2/1/2023

  • Last Updated:

  • Address: 1952 Pine Ave, Long Beach, CA 90806