L
Seller's Agent in 2021
Lilia Lopez
Realty One Group Homelink
(562) 216-1021
1 in this area
10 Total Sales
2237 Pine Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
7
Beds
5
Baths
5,554
Sq Ft
6,086
Sq Ft Lot
About This Home
As of June 2021We are proud to present this Eight Unit Building in Great, Wide Street, Wrigley Location!!! This Gated building is comprised of (Two) 2bed/1bath and (Six) 1bed/1bath nicely sized units, (4) Garages renting for $150 each, and a Laundry/Storage Room. Current owner has maintained the property in good condition and has Upgraded All Kitchens with New Cabinets, Granite Countertops, and New Ceramic Tile Flooring. Six of the units have also been Upgraded with New two piece Shower and Tub Combo and New Tile Flooring. Other Property Upgrades include a New Roof 8 years ago, Double Pane / Low-E Windows throughout, and Plumbing was Upgraded to Copper and Pex 6 years ago. Very Desirable Rental area near Schools, Public Transportation, and Shopping Centers. There is a tremendous upside potential to raise the rents 40-60% and have this asset perform at a 6.0% + cap rate. Market / Pro Forma GSI is $164,000+/year.
Last Agent to Sell the Property
Realty One Group Homelink License #01242376 Listed on: 04/21/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 6,086 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 5,554 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 21 / A
- Assessor Parcel Number 7205020025
Community Details
Overview
- 2 Buildings
- 8 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $150
- Gardener Expense $840
- Insurance Expense $2,600
- Trash Expense $1,080
- Water Sewer Expense $3,120
- New Taxes Expense $20,825
- Operating Expense $28,615
- Gross Income $110,400
- Net Operating Income $77,280
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2021 06/25/21 | Sold | $1,750,000 | +0.1% | $315 / Sq Ft |
| 05/12/2021 05/12/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $1,749,000 | -- | $315 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $27,088 | $2,075,284 | $649,458 | $1,425,826 |
| 2024 | $27,088 | $2,034,593 | $636,724 | $1,397,869 |
| 2023 | $24,407 | $1,820,700 | $624,240 | $1,196,460 |
| 2022 | $22,697 | $1,785,000 | $612,000 | $1,173,000 |
| 2021 | $16,047 | $1,230,939 | $631,251 | $599,688 |
| 2020 | $16,005 | $1,218,318 | $624,779 | $593,539 |
| 2019 | $15,817 | $1,194,430 | $612,529 | $581,901 |
| 2018 | $15,367 | $1,171,011 | $600,519 | $570,492 |
| 2016 | $12,681 | $1,000,000 | $510,400 | $489,600 |
| 2015 | $10,666 | $850,000 | $433,800 | $416,200 |
| 2014 | $9,393 | $725,000 | $370,000 | $355,000 |
Source: Public Records
Agents Affiliated with this Home
-
Lilia Lopez
-
Anthony Walker
Buyer's Agent in 2021
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
91 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21084085
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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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