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1755 Pine Avenue, Long Beach, CA 90813$1,495,000

11
beds
--
bath
3777
ft2
· 7522
ft2 lot
$396 / ft2

Listing provided courtesy of Samir Rai, Keystone Realty Group
Source CRMLS;
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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.

HOA

$0/month

On market

2 months

Year built

1989

Property type

Quadruplex

Parking

MLS

TR22242189

Price / Sq.Ft.

$396 / ft2

Status

Active

Buyer’s Brokerage Commission

2.5%

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Home details for 1755 Pine Avenue

Interior Features & Layout
Interior Features
•   
Interior Features: Balcony, QuartzCounters
Flooring
•   
Flooring: Carpet, See Remarks, Tile, Vinyl
Appliances
•   
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Property, Lot, Community & Exterior Features
Multi-Unit Info
•   
Number Of Units Total: 4
Parking Info
•   
Parking Features: Controlled Entrance, Concrete, Carport, Gated, On Street
•   
Garage Spaces: 0.0
•   
Parking Spaces: 0.0
•   
Carport YN: true
Community Info
•   
Senior Community Yes/No: true
•   
Number Of Buildings: 2
•   
Community Features: Curbs, Rural, Street Lights
Building Info
•   
Building Area Units: SquareFeet
•   
Accessibility Features: Parking, See Remarks
•   
Levels: Two
•   
Total Sq. Ft.: 3777.0
•   
MLS Property Type: Residential Income
•   
Number of Stories: 2
•   
Year Built Source: Estimated
Lot Info
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Zoning Type: LBR4R
•   
Lot Details: 0-1 Unit/Acre
•   
Lot Size Area: 7522.0
•   
Acres: 0.1727
•   
Lot Size Units: Square Feet
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utility Info
•   
Number Of Separate Electric Meters: 5
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Sewer Tap Paid
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1500.0
•   
Gross Income: 96132.0
•   
Fuel Expense: 0.0
•   
Trash Expense: 1500.0
•   
Insurance Expense: 200.0
•   
Gross Scheduled Income: 96132.0
•   
Operating Expense: 23525.0
Terms
•   
Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange, VA Loan
Lease Info
•   
Net Operating Income: 90132.0
•   
Monthly Rent: 96132.0
Listing Details
•   
Status: Active
•   
Originating System Name: CRMLS
Other
•   
Electric Expense: 2500.0
Tax/Assessment Info
•   
APN: 7269009007
School Neighborhood & Directions
Location
•   
Zip Code: 90813
•   
Area: 9 - Poly High
•   
Zip Code +4: 5630
•   
Neighborhood: Poly High (PH)
•   
Directions: PCH & Pine
•   
Country: US

Property History for 1755 Pine Avenue

11/20/2022
11/20/2022
CRMLS #TR22242189
active
CRMLS #TR22242189
$1,495,000

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