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2032 Pine Ave Long Beach, CA 90806

For Sale
$1,668,000

Eight-unit multifamily property in Long Beach with rental upside.

Lot size:
0.17 Acres

Property Features for 2032 Pine Ave

General Information

Lot size
0.17 Acres

Building Details

Year built
1948

Source: Steven M. Bogoyevac, Broker Agent Steven Bogoyevac

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Long Beach Multifamily Investment Property

Located in Long Beach, California, 2032 Pine Avenue is an eight-unit multifamily investment property constructed in 1948. The property features a gated lot with a single-story fourplex and a rear two-story building that includes two units above two new ADUs. The unit mix comprises four one-bed/one-bath units, three two-bed/one-bath units, and one two-bed/two-bath unit. Each unit is separately metered for gas and electricity. On-site laundry facilities are also available. Situated on the border of the Wrigley and Poly High neighborhoods, the property is proximate to retail, with a WalkScore of 84, and the Metro Blue Line. The area is characterized as a dense rental market with consistently low vacancy rates. Current rents present a new investor with a potential 14 percent rental upside. The property 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 are available separately or together.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Long Beach
County
Los Angeles
State
California
Longitude
-118.1919925
Latitude
33.7941783

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily property in Long Beach with rental upside.
Where is this apartment building located?
The property is located at 2032 Pine Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,668,000.
What are key features of this property?
This property features: - Eight-unit multifamily investment property with potential for increased rental income (14% rental upside).; - Includes **two brand new ADUs**, adding immediate value and rental potential.; - Located in a dense rental market with consistently low vacancy rates.
More about this property
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