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
![1952 Pine Ave, Long Beach, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/ZutSCLdGUO8NP-cys-eXc-U_Qqt5EGom1LjULymy1gI/110/1952-Pine-Ave-Long-Beach-CA-Building-Photo-1-Large.jpg)
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 |
LINKS
PROPERTY TAXES
Parcel Number | 7209-017-012 | Improvements Assessment | $963,900 |
Land Assessment | $688,500 | Total Assessment | $1,652,400 |
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
The Multifamily Property at 1952 Pine Ave, Long Beach, CA 90806 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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