2219 Pine Avenue Long Beach, CA $ 2,199,000
2219 Pine Avenue
$ 2,199,000
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2219 Pine Avenue

Long Beach, CA, 90806
$ 2,199,000
Baths1.0 Sq 6,440

Monthly Estimate*

$ 13,719

Listed by Amberwood Real Estate, Inc.
2219 Pine Avenue, Long Beach, CA 90806 - Image 1
2219 Pine Avenue, Long Beach, CA 90806 - Image 2
2219 Pine Avenue, Long Beach, CA 90806 - Image 3
2219 Pine Avenue, Long Beach, CA 90806 - Image 4
2219 Pine Avenue, Long Beach, CA 90806 - Image 5
2219 Pine Avenue, Long Beach, CA 90806 - Image 6
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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,199,000 with 1 full bath. This 6,440 square foot home was built in 1948 on a lot size of 0.152.

NEW PRICE REDUCTION!! This 10-Unit Apartment Building is a Great Investment for an Investor. The Owner Has Owned this Property for over 25 Years and has Maintain and Kept up with all the Maintenances. Located in the South Wrigley Area with a Market Cap Rate of 7.11%. The Property has been Well-Maintained, with a Great Upside Potential on the Future Rental Income!! This Property Offers (3) 2 Bedrooms -1 Bathroom, (6) 1 Bedrooms - 1 Bathroom and (1) Bonus Room/Studio -1 Bathroom. Four of the Units have been Recently Remodeled, and the Exterior was Recently Painted. The Property also has (4) Single Car Garages that can be a Great Opportunity to convert into ADU'S for Additional Income, and it has (4) Parking Spaces for Extra Income. The Owner just recently Installed a Newer Roof. All Units are Separately Metered for Gas and Electric. This 10-Unit Apartment Building is Located in a High Demand Rental Area!! This Apartment Building in Conveniently Located Close to Shopping, Restaurants, Entertainment, Metro Link, Long Beach Airport Downtown LB, Civic Center, Long Beach Aquarium, Downtown Village, CSULB and Queen Mary Island.

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Multi-Family Active

Price

$ 2,199,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.152

Year Built

1948

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24201464

Days on Market

434

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Plus 3 Days
Roof Composition
Appliances Water Heater
Zoning LBR2N
HOA Fee 0
Garage Spaces 4
Architectural Style Contemporary
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco
Year Built 1948
Electric 220 Volts
Tenant Pays Electricity Gas
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 1000
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 156500
Operating Expense 46984
Insurance Expense 7500
New Construction false
Property Type Residential Income
HOA false
Contingency Seller Will Be Doing a 1031 Exchange
MaintenanceExpense 7000
Subdivision Name Wrigley Area (WR)
Facing Direction East
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions S/Willow & W/Long Beach Blvd
City Long Beach
Entry Location West
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 10
MLS Area 5 - Wrigley Area
Lot Size Units Square Feet
Lot Size Square Feet 6623
Listing Terms Cash Conventional 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 360
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 0
Water Sewer Expense 4500
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 24
Total Actual Rent 15857
Property Sub Type Additional Apartment
Taxes 17599
Cap Rate 7.11
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Interior
Interior Amenities Multiple Staircases
Flooring Carpet Wood
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area Washer Hookup Gas Dryer Hookup Laundry Room
Entry Level 1
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Exterior
Fencing Wood
Parking Features Door-Single Garage On Site Off Street Garage Faces Rear
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 6
Lot Size Area 6623
Foundation Details Raised
Number of Buildings 1
Spa false
Building Area Total 6440
Lot Size Acres 0.152
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
Road Frontage Type Alley City Street
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* Excluded Features
List By
Amberwood Real Estate, Inc.

Broker

marvinmalone@hotmail.com

Email

Affordability Calculator

$13,719
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Monthly Principal & Interest
$13,719
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,199,000 Listed Price

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2219 Pine Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $2,199,000 with 6,440 sqft and a lot size of 0.152. 2219 Pine Avenue is a studio with 1.0 baths and was built in 1948. The property's zip code is 90806 which is in Long Beach, CA