1962 Pine Avenue, Long Beach, CA 90806

$699,900 Approx. USD 0 beds, 0 baths
2,417 sqft

Agent Remarks

Spectacular large 2 story, Spanish style Duplex with a huge back yard (6700+ SqFt lot), in the popular historic Wrigley neighborhood. Zoned for 4 UNITS - build and create equity. NO RENT CONTROL. Parking for up to 9 cars! : 2 car garage, 4 cars in front driveway, 3 cars in the alley. Units are in good condition and the property is low maintenance. Each unit has 3 Bedrooms / 1 Bathroom, open Living room, Dining room and breakfast nook. Both units have front and rear entry door. Upper unit has a balcony off Master Bedroom, lower unit has a front porch. Beautiful landscaped backyard with a storage. Building is bolted to foundation for earthquake protection. Both units are rented month to month. Great tenants, they have been living in the building for over 8 years (solid cash flow for an investor or owner). Upper unit rents for $1645, lower unit rents for $1675 (rents have not been raised in 8 years and are substantially below the market). Garages are not included in rent paid (owner uses them personally), each garage can rent for $200-$300 additional. Each unit has a full-size washer and dryer room. Separate gas and electrical meters (paid by tenants). Owner pays water and gardener only.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PW16160474
List price is $699,900
Beds: 0
Baths: 0
Built in 1936
2,417 sqft
2 stories
0.15 acres
Lot size: 6745.000
County: Los Angeles
Property style: Spanish
Zoning: LBR4R
Parking description: See Remarks
MLS area: 5 - Wrigley Area

Last Updated: 8/5/2016

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This listing belongs to the 5 - Wrigley Area MLS area

The style of this listing is Spanish.
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The listing is zoned LBR4R.
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Lat/Long: 33.793098, -118.192001.
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Broker: Courtesy of Coldwell Banker Coast Alliance
Listing Agent: Vlad Rodov

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