NOT LISTED FOR SALE

1883 Pine Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
7 Beds
4 Baths
3,582 Sq Ft
6,768 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $1,350,000 $377 Per Sq Ft

30 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Tile Flooring

About This Home

As of May 2024

Located in the desirable Wrigley area of Long Beach, this cute six units apartment building with recently installed new roof consists of 4 units of two bedroom apartment and 2 units of one bedroom apartment. Also included are six garages and lots of off-street parking located on this large lot. This property is ideal for an owner user looking to generate income or a straight up investor. Don't miss out on this opportunity. Come see! Positive cash flow!!

Last Agent to Sell the Property

Nancy Wang

GoGo Realtors R.H Corp. Brokerage Phone: 909-967-3151 License #01727833 Listed on: 03/08/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1979

Lot Details

  • 6,768 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Fixer Upper
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,582 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 30 / A
  • Tax Tract Number 5730
  • Assessor Parcel Number 7209021002
  • $1,167 per year additional tax assessments

Community Details

Overview

  • 6 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $180
  • Gardener Expense $840
  • Insurance Expense $7,510
  • Maintenance Expense $3,910
  • Other Expense $270
  • Professional Management Expense $4,200
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $8,886
  • Operating Expense $29,996
  • Gross Income $91,800
  • Net Operating Income $61,804

Property Details

Home Type

Apartment

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 4.12
  • Price Per Unit: 250000
  • Professional Management Expense: 4200.00
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 3000.00
  • Zoning: LBR4R
  • Property Condition: Fixer
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7209021002
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 376.88
  • Room Type: Primary Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6768.00
  • Lot Size Acres: 0.1554

Multi Family

  • Electric Expense: 180.00
  • Gross Income: 91800.00
  • Gross Scheduled Income: 91800.00
  • Insurance Expense: 7510.00
  • Lot Size Area: 6768.0000 Square Feet
  • Maintenance Expense: 3910.00
  • Net Operating Income: 61804.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 29996.00
  • Other Expense: 270.00
  • Other Expense Description: Proactiv
  • Rent Control: Yes
  • Total Actual Rent: 91800.00
  • Total Expenses: 29996.00

Tax Info

  • New Taxes Expense: 8886.00
  • Tax Block: A
  • Tax Census Tract: 5730.02
  • Tax Lot: 30
  • Tax Tract Number: 5730.
  • TaxOtherAnnualAssessmentAmount: 1167.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $1,350,000 -10.0% $377 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $1,500,000 -- $419 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nancy Wang

    GoGo Realtors R.H Corp.

    (626) 363-0330

    1 in this area

    28 Total Sales

    Nancy Wang
    Section Image
  • Anthony Walker

    Buyer's Agent in 2024

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    80 Total Sales

    Anthony Walker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR24047549

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90806 Southeast Wrigley

1883 Pine Ave, Long Beach, CA

This home is located at 1883 Pine Ave, Long Beach, CA 90806 since 08 March 2024. This property was built in 1979. 1883 Pine Ave is a home located in Los Angeles County with nearby schools including Jackie Robinson Academy, Long Beach Polytechnic High School, and We the People High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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