2219 Pine Avenue

Long Beach, CA 90806

$2,500,000
Price
12
Beds
10
Baths
6,440 Sq. Ft.
$388 / Sq. Ft.
6,440
Sq. Ft.
$388
per Sq. Ft.
Front View of Units
Side View of Units

Description

This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.6%. 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...This 10-Unit Apartment Building is a Great Investment for an Investor. Located in the South Wrigley Area with a Market Cap Rate of 6.6%. 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.
  1. Listed by Marvin Malone • DRE #01202247 • Brokerage DRE #01834942 • Amberwood Real Estate, Inc. • 562-377-2370

Property Details for 2219 Pine Avenue

Architectural Style
Contemporary
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6440
LISTING UPDATED: 12/16/2024 06:51 AM

Property Details for 2219 Pine Avenue

StatusActive
MLS #PW24201464
Days on Market61
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
CountyLos Angeles County

Building Information for 2219 Pine Avenue

Building/Complex2219 Pine AveFloor-Stories2Residences-Pet Policy-Year Built1948Building Size-

Property Information for 2219 Pine Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $199,824
  • Net Operating Income: $166,764
  • Number Of Rented Garages: 4
  • Garage Rental Rate: $150
  • Garage Income: $600
  • Other Income Description: Bonus/Studio & 2 Parking Space
  • Other Income 1: $200
  • Other Income 2: $500
  • Cap Rate: 6.6
Expense Details
  • Operating Expense: $33,060
  • New Taxes Expense: $17,585
  • Fuel Expense: $0
  • Electric Expense: $1,275
  • Insurance Expense: $2,400
  • Maintenance Expense: $7,000
  • Professional Management Expense: $0
  • Trash Expense: $1,200
  • Water Sewer Expense: $3,600
  • Total Expenses: $33,060
Tax / Assessment Info
  • Tax Block: A
  • Tax Tract Number: N/A
  • Tax Census Tract: 5731.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 24
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: Gas Dryer Hookup, Laundry Area, Room, Washer Hookup
  • Interior Features: 2 Staircases
  • Room Type: Bonus Room, Entry, Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Carpet, Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: West
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Direction Faces: East
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage - 1 Car
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage Faces Rear, Garage - Single Door, Off Street, On Site
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,554
  • Unit Type Total Rent: $2,554
  • Unit Type Pro Forma: 2554
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $500
  • Unit Type Total Rent: $500
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,554
  • Unit Type Total Rent: $2,554
  • Unit Type Pro Forma: 2554
  • Unit Type Type: 2
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 2554
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,180
  • Unit Type Total Rent: $1,180
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 4
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 6
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,740
  • Unit Type Total Rent: $1,740
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 7
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,752
  • Unit Type Total Rent: $1,752
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,380
  • Unit Type Total Rent: $1,380
  • Unit Type Pro Forma: 2006
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 6

Property History for 2219 Pine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2219 Pine Avenue

Taxable ValueLand$637,932Additions$628,595Total$1,266,527
Tax Record2024$17,586 ($1,465 / month)
Home Facts
Total Finished SqFt6,440 SqFtAbove Grade Finished SqFt6,440 SqFtLot Size6,623 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningLBR2NCountyLOS ANGELESAPN7205-020-028

Schools near 2219 Pine Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Robinson Academy
Public - K to 8
Polytechnic High School
Public - 9 to 12
Educational Partnership High School
Public - 9 to 12
Clear Passage Educational Center
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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More information about 2219 Pine Avenue, Long Beach, CA 90806

2219 Pine Avenue is a multi-family home for sale in Long Beach, CA 90806. This property was listed for sale on October 17, 2024 by Amberwood Real Estate, Inc., it's currently listed at $2,500,000. It has been on the market for a total of 61 days and was last sold on January 29, 2004. This listing's school district is Long Beach Unified School District. Nearby schools include Robinson Academy, Polytechnic High School and Educational Partnership High School. 2219 Pine Avenue is a 12-bed, 10-bath, 6,440 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Amberwood Real Estate, Inc., Marvin Malone, DRE #01202247

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.