Long Beach, CA 90806 1961 Pine Avenue
$1,100,000
1 more
Presented By: Julio Ayora with Seven Gables Real Estate; 562-394-7000
Beds • 8
Baths • 2
SQFT • 3,108
Garage • 4
Home Details
Investors, welcome to 1961-1967 Pine Ave. Come find this charming 4-Unit low-maintenance property, ideal for both new investors and seasoned investors adding to their real estate portfolio. 4 homes, each with 2-bedrooms, 1-bath, patios, separately metered for electricity and gas, allowing tenants to pay their own expenses. Each home is complimented with 1 of the 4 single-car garages. Adorable patio areas. The property is 100% fully rented, housing very long-term tenants. Located in vibrant Wrigley, moments from Blue Line Train, Long Beach Memorial Hospital, and tons of Shopping along Pacific Ave. You’re going to love this one.
Presented By: Julio Ayora with Seven Gables Real Estate; 562-394-7000
Interior Features for 1961 Pine Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 1961 Pine Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Suburban, Sidewalks
CoolingNone
CountyLos Angeles
Current FinancingConventional
Days on Market88
DirectionsNorth of PCH / East of Pacific
ElectricElectricityOnProperty
Entry LocationEntry
Garage Spaces4.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HeatingWallFurnace
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1692.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6741.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income66523.0
New ConstructionNo
Number of Units Leased4
NumberOfUnitsTotal4
Operating Expense6677.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameWrigley Area (WR)
Tax Lot6
Taxes$16,250
Tenant PaysElectricity, Gas
TermsCashtoNewLoan, Conventional, OwnerMayCarry
Total Actual Rent73200.0
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNeighborhood
View Y/NYes
Water Sewer Expense2400.0
Waterfront Y/NNo
Year Built1941
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1961 Pine Avenue
Building Area Total3108.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, Landscaped
Lot Size Acres0.1548
Lot Size Area6741.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGarage, GarageFacesRear
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480