2032 Pine Ave

Description
2032 Pine Avenue is located on the border of the Wrigley...2032 Pine Avenue isan eight-unit multifamily investment property in Long Beach, California. The asset is a 1948 construction on a gated lot and offers a single-story fourplex and a rear two-story building with two units above two brand new ADU’s. The unit mix consists of four one-bed/one-baths, three two-bed/one-baths, and one two-bed/two-bath, and the units are separately metered for gas and electricity. The property also offers on-site laundry.
2032 Pine Avenue is located on the border of the Wrigley and Poly High neighborhoods proximate to retail (WalkScore: 84) and the Metro Blue Line. The area is a dense rental market with consistently low vacancy rates. Current rents offer a new investor 14 percent rental upside.
2032 Pine Avenue is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six-unit building also in Long Beach. Properties available separately or together.
- Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker • steve.bogoyevac@marcusmillichap.com
Property Details for 2032 Pine Avenue
Property Details for 2032 Pine Avenue
Status | Active |
---|---|
MLS # | PW25075567 |
Days on Market | 94 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.17 AC / 7,500 SF |
County | Los Angeles County |
Location
Building Information for 2032 Pine Avenue
Payment Calculator
$10,024 per month
30 year fixed, 6.845% Interest
$8,739
$1,285
$0
Property Information for 2032 Pine Avenue
- Gross Income: $0
- Gross Scheduled Income: $165,602
- Net Operating Income: $112,825
- Cap Rate: 6.76
- Operating Expense: $47,809
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Block: E
- Tax Tract Number: n/a
- Tax Census Tract: 5730.02
- Tax Lot: 4
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Community
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Lot Features: Rectangular Lot
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: Wrigley Area
- Builders Tract Code: Wrigley Area (WR)
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,787
- Unit Type Total Rent: $5,361
- Unit Type Pro Forma: 2100
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $2,010
- Unit Type Total Rent: $2,010
- Unit Type Pro Forma: 2200
- Unit Type Type: 2
- Unit Type Units Total: 4
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,607
- Unit Type Total Rent: $6,429
- Unit Type Pro Forma: 1850
- Unit Type Type: 3
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 0
Property History for 2032 Pine Avenue
Date | Event & Source | Price | Appreciation |
---|---|---|---|
Apr 7, 2025 | Listed (Active) CRMLS #PW25075567 | $1,668,000 | — |
Apr 7, 2025 | Listed (Active) CLAW #PW25075567MR | $1,668,000 | — |
Oct 30, 2023 | Sold (Public Record) Public Record #1521409897 | $5,500 | -57.2% / yr |
Nov 9, 2017 | Sold SDMLS #RS17188228 | $1,005,000 | — |
Nov 9, 2017 | Sold CLAW #RS17188228MR | $1,005,000 | — |
Nov 9, 2017 | Sold CRMLS #RS17188228 | $1,005,000 | — |
Sep 8, 2017 | Sold (Public Record) Public Record #608895143 | $1,005,000 | +4.8% / yr |
Aug 18, 2017 | Pending CRMLS #RS17188228 | — | |
Aug 18, 2017 | Pending CLAW #RS17188228MR | — | |
Aug 15, 2017 | Listed (Active) SDMLS #RS17188228 | $995,000 | — |
Aug 15, 2017 | Listed (Active) CLAW #RS17188228MR | $995,000 | — |
Aug 15, 2017 | Listed (Active) CRMLS #RS17188228 | $995,000 | — |
Jun 24, 2005 | Sold (Public Record) Public Record #159371258 | $565,000 | — |
Apr 1, 2005 | Sold CRMLS #CC216901 | $565,000 | — |
Feb 15, 2005 | Sold CLAW #P436603MR | $565,000 | — |
Feb 15, 2005 | Sold CRMLS #P436603 | $565,000 | — |
Feb 15, 2005 | Pending CLAW #P436603MR | — | |
Feb 15, 2005 | Pending CRMLS #P436603 | — | |
Feb 14, 2005 | Listed (Active) CLAW #P436603MR | $599,000 | — |
Feb 14, 2005 | Listed (Active) CRMLS #CC216901 | $599,000 | — |
Feb 14, 2005 | Listed (Active) CRMLS #P436603 | $599,000 | — |
Date | Event & Source | Price |
---|---|---|
04/07/2025 | Listed (Active) CRMLS #PW25075567 | $1,668,000 |
04/07/2025 | Listed (Active) CLAW #PW25075567MR | $1,668,000 |
10/30/2023 | Sold (Public Record) Public Record #1521409897 | $5,500 -57.2% / yr |
11/09/2017 | Sold SDMLS #RS17188228 | $1,005,000 |
11/09/2017 | Sold CLAW #RS17188228MR | $1,005,000 |
11/09/2017 | Sold CRMLS #RS17188228 | $1,005,000 |
09/08/2017 | Sold (Public Record) Public Record #608895143 | $1,005,000 +4.8% / yr |
08/18/2017 | Pending CRMLS #RS17188228 | — |
08/18/2017 | Pending CLAW #RS17188228MR | — |
08/15/2017 | Listed (Active) SDMLS #RS17188228 | $995,000 |
08/15/2017 | Listed (Active) CLAW #RS17188228MR | $995,000 |
08/15/2017 | Listed (Active) CRMLS #RS17188228 | $995,000 |
06/24/2005 | Sold (Public Record) Public Record #159371258 | $565,000 |
04/01/2005 | Sold CRMLS #CC216901 | $565,000 |
02/15/2005 | Sold CLAW #P436603MR | $565,000 |
02/15/2005 | Sold CRMLS #P436603 | $565,000 |
02/15/2005 | Pending CLAW #P436603MR | — |
02/15/2005 | Pending CRMLS #P436603 | — |
02/14/2005 | Listed (Active) CLAW #P436603MR | $599,000 |
02/14/2005 | Listed (Active) CRMLS #CC216901 | $599,000 |
02/14/2005 | Listed (Active) CRMLS #P436603 | $599,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2032 Pine Avenue
Schools near 2032 Pine Avenue
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Robinson Academy PublicK to 8 | ||
Polytechnic High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.