NOT LISTED FOR SALE
10 Beds
10 Baths
6,148 Sq Ft
7,448 Sq Ft Lot

Last Sold February 25, 2016

Last sale price $1,649,000 $268 Per Sq Ft

95 Days on Market

Highlights

  • 4 Car Attached Garage
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan

About This Home

As of February 2016

This 9 unit building located at 2009-2015 Pine offers an investor the opportunity to acquire a NON RENT CONTROL, turn-key asset in the highly desirable Wrigley area of Long Beach. The property is comprised of two buildings with different APN numbers situated on one lot totaling 7,449 square feet. There are 8 one bedroom units averaging 650 Sq Ft and 1 two bedroom/two bathroom town home unit.CONTACT SELLER'S AGENT FOR DETAILED EXPENSES, RENT ROLL AND SETUP.The current owner has heavily remodeled the exterior of the building as well as all of the unit interiors and put in all new tenants paying excellent rents. The exterior has received all new paint and landscaping and the interiors have been upgraded with new counter tops, fixtures, flooring and paint. Updated electric and plumbing including new GFCI's and 8 new water heaters (Buyer to verify). There are also 4 garages onsite (3 are rented for $300 total) and there is a beautifully landscaped garden style courtyard.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 09/21/2015

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 09/21/2015

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,448

Parking

  • 4 Car Attached Garage

Interior Spaces

  • 6,148 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Additional Features

  • 7,448 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-019-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 6148
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 10.00
  • Den: 0
  • Price Per S Q F T: 268.22

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 322208
  • Assessed Land Value: 161102
  • Assessor Parcel Number: 7209-019-022
  • Geocode Override: No
  • Lot Size Area: 7448

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.80
  • Number Of Units: 9
  • Total Annual Expense: 47000
  • Type Of Units: Income
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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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
02/25/2016 02/25/16 Sold $1,649,000 0.0% $268 / Sq Ft
12/25/2015 12/25/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $1,649,000 -- $268 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 15-943749

The MLS