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1845 Pine Ave, Long Beach, CA 90806
0 Beds
0 Baths
n/a sqft

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Pine Crest Apartments at 1845-1851 Pine Avenue is a 20-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 12.82 GRM on actual rents. The property offers (18) one-bedroom/one-bath and (2) two- bedroom/one-bath units. Eleven of the units are completely remodeled with vinyl plank flooring, custom cabinets, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The secure-access building also features ample parking; cheery new paint; new windows; two laundry rooms; separate meters for gas and electric; and a lushly landscaped community courtyard.
  • Price:
  • $4,825,000
  • Acreage:
  • 0.31
  • Year Built:
  • 1959
  • Listing ID #:
  • PW20010615
  • Street Address:
  • 1845 Pine Ave
  • City:
  • Long Beach
  • State:
  • California
  • Postal Code:
  • 90806
  • County:
  • Los Angeles
  • Community:
  • Wrigley Area
  • Subdivision:
  • Wrigley Area (wr)
  • Listing Status:
  • Active
  • Number Of Units:
  • 20
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1959
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 2874.70
  • Annual Insurance Expenses:
  • 5915.00
  • Annual Maintenance Expenses:
  • 10000.00
  • Annual Trash Expenses:
  • 2874.70
  • Annual Water/Sewer Expenses:
  • 2874.70
  • Expenses:
  • 111203.00
  • Gross Income:
  • 357875.00
  • Net Operating Income:
  • 246672.00
  • Operating Expense:
  • 111203.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr4r
  • Lot Features:
  • 16-20 Units/Acre
  • Lot Square Footage:
  • 13500.00
  • Community Features:
  • Sidewalks, Urban
  • Days On Market:
  • 43
  • Price Per Square Foot:
  • 367.09
  • Laundry:
  • 1
  • Laundry Description:
  • Individual Room
  • Garage Parking Spaces:
  • 14.00
  • Parking Description:
  • Garage, Tandem Uncovered
  • Parking Spaces:
  • 20.00
  • Uncovered Parking Spaces:
  • 6.00
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Robert Stepp of Keller Williams Pacific Estate
  • CRMLS

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