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1850 Pine Ave, Long Beach, CA 90806
0 Beds
0 Baths
n/a sqft

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1850-1854 Pine Avenue is a 16-unit investment asset in a rapidly up-and-coming neighborhood in Long Beach priced at 12.94 GRM on actual rents. The property offers (2) three-bedroom/one-bath, (13) one- bedroom/one-bath and (1) studio units. Six 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 12 garages, cheery new paint; new windows; two laundry rooms; separate meters for gas and electric; and landscaped walkways.
  • Price:
  • $3,900,000
  • Acreage:
  • 0.31
  • Year Built:
  • 1959
  • Listing ID #:
  • PW20010627
  • Street Address:
  • 1850 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:
  • 16
  • Total # Of Buildings:
  • 2
  • Year Built:
  • 1959
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 2218.70
  • Annual Insurance Expenses:
  • 5440.00
  • Annual Maintenance Expenses:
  • 8000.00
  • Annual Trash Expenses:
  • 2218.70
  • Annual Water/Sewer Expenses:
  • 2218.70
  • Expenses:
  • 90666.00
  • Gross Income:
  • 286338.00
  • Net Operating Income:
  • 195672.00
  • Operating Expense:
  • 90666.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Lbr4r
  • Lot Features:
  • 16-20 Units/Acre
  • Lot Square Footage:
  • 13479.00
  • Community Features:
  • Sidewalks, Urban
  • Days On Market:
  • 84
  • Price Per Square Foot:
  • 322.63
  • Laundry:
  • 1
  • Laundry Description:
  • Individual Room
  • Garage Parking Spaces:
  • 12.00
  • Parking Description:
  • Garage
  • Parking Spaces:
  • 12.00
  • 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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