NOT LISTED FOR SALE

2261 Pine Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood
3 Beds
2 Baths
5,994 Sq Ft
1956 Built

Last Sold October 11, 2018

Last sale price $1,600,000 $267 Per Sq Ft

49 Days on Market

About This Home

As of October 2018

*Attractive Unit Mix of 1 & 2-Bedroom Units, *Offered at 5.0% Cap Rate on Current Income, *Finance-able with less than 35% Down, * (4) Garage & (8) Open Parking Spaces, *Not Subject to Rent Control, *Desirable Location with a Walk Score of 82

Last Agent to Sell the Property

Jason Kirklen

Morgan Skenderian License #01939655 Listed on: 07/24/2018

Last Buyer's Agent

Patrick Swanson

Pat Swanson License #01382974

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,218 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 5,994 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 5731
  • Assessor Parcel Number 7205020018

Community Details

Overview

  • 7 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $2,098
  • Other Expense $7,560
  • Pest Control $830
  • New Taxes Expense $19,898
  • Operating Expense $40,002
  • Gross Income $122,802
  • Net Operating Income $82,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.00
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 7205020018
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 266.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: No
  • Pest Control Expense: 830.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6218.00

Multi Family

  • Gross Multiplier: 13.03
  • Gross Operating Income: 122802.00
  • Gross Scheduled Income: 126600.00
  • Insurance Expense: 2098.00
  • Net Operating Income: 82800.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 40002.00
  • Operating Expense Percent: 31.60
  • Other Expense: 7560.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 40002.00
  • Vacancy Allowance: 3798
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19898.00
  • Tax Census Tract: 5731.00
  • Tax Lot: 18
  • Tax Tract Number: 5731

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 List to Sale Price per Sq Ft
10/11/2018 10/11/18 Sold $1,600,000 -3.0% $267 / Sq Ft
07/24/2018 07/24/18 For Sale $1,650,000 -- $275 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jason Kirklen

    Morgan Skenderian

    Section Image
  • Patrick Swanson

    Buyer's Agent in 2018

    Patrick Swanson

    Pat Swanson

    (213) 864-2862

    58 Total Sales

    Patrick Swanson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18178623

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 Southeast Wrigley

2261 Pine Ave, Long Beach, CA

This home is located at 2261 Pine Ave, Long Beach, CA 90806 since 24 July 2018. This property was built in 1956. 2261 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.

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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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