2219 Pine Avenue, Long Beach, CA 90806 - Berkshire Hathaway HomeServices California Properties

PRICE JUST REDUCED!! This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.2%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.

Property type: Apartment (Multi-Family)

Status: Active

MLS# PW24201464

List price is $2,299,000 Reduced by $20,691,000 on 4/8/2025

HOA Fee is $0.00

Beds: 0

Baths: 0

Built in 1948

2 stories

0.15 acres

Lot size: 0.1520

Subdivision: Wrigley Area (WR)

County: Los Angeles

Property style: Contemporary

Zoning: LBR2N

Construction: Stucco

Interior features: Multiple Staircases

Appliances: Water Heater

Parking description: Door-Single,Garage,On Site,Off Street,Garage Faces Rear

Lot description: SixToTenUnitsAcre

Heating/cooling: None

Heating description: Wall Furnace

MLS area: 5 - Wrigley Area

Last Updated: 4/8/2025

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This listing belongs to the 5 - Wrigley Area MLS area

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The style of this listing is Contemporary.
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Lat/Long: 33.797532, -118.192590.
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Listing Agent: Marvin Malone
Lic#: 01801928
Office Name: Sherman Oaks

No schools were found in the area

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National: