1755 Pine Avenue, Long Beach, CA 90813

$1,495,000
List Price
$1,495,000
Status
ACTIVE
MLS#
TR22242189
Year Built
1989
Lot Size
7,522
Acres
0.17
Lot Location
Item01UnitAcre
Days on Market
13
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
Poly High (Ph)

Property Description

Large 4-unit property in upper downtown Long Beach. Great unit mix that is rare to find. Front home features 5 bed 2.5 bath earlier built recently remodeled in 2022, and with 3 newer 2 bed 1 bath units in back, with granite counter tops located over the huge carport area with plenty of parking for guests or tenants (built in 1989). All tenants are MTM with rent way under market. Property completely gated with brand new wood fence in front young ones can play in front or backyard with ease and privacy. Conveniently located to 710 and 405 freeways. Possible room for an ADU. Perfect for owner user, first time investor or a 1031 Buyer. Current gross income of $96,132 in place, with proforma potential to be $132,000 yearly gross.

Additional Information

Pool Description
None
Cooling Description
None
Sewer
SewerTapPaid
Water
Public
Interior Features
Balcony, QuartzCounters
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$96,132
Operating Expense
23525

Listing courtesy of Listing Agent: Samir Rai (samir@keystonefirm.com) from Listing Office: Keystone Realty Group.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.