1577 Pine Avenue, Long Beach, CA 90813 | MLS OC15228765 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
800-660-9140

1577 Pine Avenue,  Long Beach CA, 90813

6,360 sqft
Status: Sold
MLS#: OC15228765
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Real Living Pacific Realty
800-660-9140

Listing Provided Courtesy Of: Marcus & Millichap RE Invest
Last Updated: 12/10/2016 10:11 AM
Description for 1577 Pine Avenue Long Beach, CA 90813
This 10 unit apartment complex was built in 1955, and a significant renovation was completed in 2015. The renovations started with new exterior paint and landscaping, 5 new garage doors, and new outside lights throughout the property. The interiors also had significant renovations which included new carpet, paint, and completely updated kitchens with modern cabinetry, faucets and each unit comes equipped with a stovetop and refrigerator. The renovation also included plumbing, as well as the roof. This property consists of 6,360 rentable square feet and a lot size of 0.17 acres. There are eight one-bedroom/one-bath units, and two two-bedroom/one-bath units. There is an on-site laundry room for tenant’s convenience, and private gated entrances. The property is separately metered for gas and electricity, which keeps the expenses to a minimum. This is a great opportunity for an investment property located in a great rental market.
Price
Sold Price:
$1,600,000
Sold Date:12/30/2015
Los Angeles
6,360 (approx)
OC15228765
Closed
Description
This 10 unit apartment complex was built in 1955, and a significant renovation was completed in 2015. The renovations started with new exterior paint and landscaping, 5 new garage doors, and new outside lights throughout the property. The interiors also had significant renovations which included new carpet, paint, and completely updated kitchens with modern cabinetry, faucets and each unit comes equipped with a stovetop and refrigerator. The renovation also included plumbing, as well as the roof. This property consists of 6,360 rentable square feet and a lot size of 0.17 acres. There are eight one-bedroom/one-bath units, and two two-bedroom/one-bath units. There is an on-site laundry room for tenant’s convenience, and private gated entrances. The property is separately metered for gas and electricity, which keeps the expenses to a minimum. This is a great opportunity for an investment property located in a great rental market.
Listing Information
Property Type: Cluster, 2 Story
0.17 Acres 6,360 (approx) 1955
Yes- 1 space 2
Public Water Service
Sewer at Street
10 Total
Neighborhood
Room Information
Common
Exterior / Lot Features
1 Garage Spaces, 3 Parking Spaces, Driveway, Garage
None
No Pool
Urban
Financial Considerations
7269007007
$138,600 Income ,$47,026Expense
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90813 has a population of 463,589.

The median household income in Long Beach, California 90813 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90813 is 33.2 years.

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Courtesy: Marcus & Millichap RE Invest Mark Bridge
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Information is deemed reliable but is not guaranteed.

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