Long Beach, CA 90806 1929 Pine Avenue
$1,700,000
2 more
Presented By: Julieanne Lam Phan with Phan Property Management; 714-655-1434
Beds • 8
Baths • 8
SQFT • 6,747
Garage • 4
Year Built • 1948
Home Details
Great investment opportunity with fully occupied and upside in rental income. Well maintained 8-units mix of 5 (1/1) and 3(2/1), new exterior paint and security doors, newer roof on both buildings. Most units have been updated with kitchen and bathrooms. Rent rolls and financial statement will be available upon request.
Presented By: Julieanne Lam Phan with Phan Property Management; 714-655-1434
Interior Features for 1929 Pine Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesDoublePaneWindows
Other Rooms
Entry Level2
General for 1929 Pine Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NYes
CityLong Beach
Community FeaturesUrban
CoolingNone
CountyLos Angeles
Current FinancingConventional
DirectionsFrom 405Fwy(N), exit Long Beach Blvd, Right on 20th, Left on Pine
DisclosuresPrincipalIsRealEstateLicensed
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationfront
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income138180.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, Conventional
Lot Size Square Feet6738.0
Lot Size UnitsSquareFeet
MLS Area5 - Wrigley Area
MobileHomeRemainsYNNo
Net Operating Income87840.0
New ConstructionNo
Number Of Units Total8
Operating Expense50340.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameWrigley Area (WR)
Tax Lot18
Tenant PaysElectricity, Gas
Total Actual Rent11515.0
Trash Expense0.0
ViewNone
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1948
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1929 Pine Avenue
Building Area Total6747.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1547
Lot Size Area6738.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDetachedCarport
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,700,000
MLS#OC25084758
List Date
04/17/2025
Property Type
Multi-Family
Phone
(562) 537-4182
