Multifamily
2032 Pine Ave
2032 Pine Ave, Long Beach, CA 90806
Listing Price: $1,668,000
Investment Overview
Marcus & Millichap is pleased to present to market 2032 Pine Avenue, an eight-unit multifamily investment property in Long Beach, California. The asset is a 1948 construction on a gated lot and offers a single-story fourplex and a rear two-story building with two units above two brand new ADU’s. The unit mix consists of four one-bed/one-baths, three two-bed/one-baths, and one two-bed/two-bath, and the units are separately metered for gas and electricity. The property also offers on-site laundry.
2032 Pine Avenue is located on the border of the Wrigley and Poly High neighborhoods proximate to retail (WalkScore: 84) and the Metro Blue Line. The area is a dense rental market with consistently low vacancy rates.
Current rents offer a new investor 14 percent rental upside.
2032 Pine Avenue is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six-unit building also in Long Beach. Properties available separately or together.
2032 Pine Ave
Investment Highlights
- Eight-unit apartment complex with two brand new ADU's
- Property comprises a single-story fourplex and a rear two-story building with two units above two new ADU's
- Mix of four one-bedroom and four two-bedroom units
- 14 Percent rental upside
- Property offers controlled access and on-site laundry
- Located on the border of the Wrigley and Poly High neighborhoods proximate to retail and the Metro Blue Line
- Offered as part of a Long Beach portfolio sale along with 1151 Pacific Avenue, a fourplex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together
Exclusively Listed By
Listing Price: $1,668,000
Investment Highlights
- Eight-unit apartment complex with two brand new ADU's
- Property comprises a single-story fourplex and a rear two-story building with two units above two new ADU's
- Mix of four one-bedroom and four two-bedroom units
- 14 Percent rental upside
- Property offers controlled access and on-site laundry
- Located on the border of the Wrigley and Poly High neighborhoods proximate to retail and the Metro Blue Line
- Offered as part of a Long Beach portfolio sale along with 1151 Pacific Avenue, a fourplex, and 1209 Olive Avenue, a six-unit building. Properties available separately or together
Investment Overview
Marcus & Millichap is pleased to present to market 2032 Pine Avenue, an eight-unit multifamily investment property in Long Beach, California. The asset is a 1948 construction on a gated lot and offers a single-story fourplex and a rear two-story building with two units above two brand new ADU’s. The unit mix consists of four one-bed/one-baths, three two-bed/one-baths, and one two-bed/two-bath, and the units are separately metered for gas and electricity. The property also offers on-site laundry. 2032 Pine Avenue is located on the border of the Wrigley and Poly High neighborhoods proximate to retail (WalkScore: 84) and the Metro Blue Line. The area is a dense rental market with consistently low vacancy rates. Current rents offer a new investor 14 percent rental upside. 2032 Pine Avenue is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six-unit building also in Long Beach. Properties available separately or together.
Exclusively Listed By
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