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1961 Pine Ave, Long Beach, CA 90806
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1961 Pine Ave Long Beach, CA 90806

$1,100,000
  • 8 Beds
  • 4 Baths
  • 3,108 Sq.Ft.
For Sale
$1,100,000 Get Pre-Qualified
Map preview of 1961 Pine Ave, Long Beach, CA 90806

Property Overview: 1961 Pine Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,108 living square feet and 6,741 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Julio Ayora | BRE #01274567 | Seven Gables Real Estate
Last checked: 12 minutes ago | Last updated: September 7th, 2024 | Source CRMLS | DOM: 99

Home details

Lot Sq. Ft
6,741
HOA Dues
$0/mo
Year built
1941
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
PW24119032
City
Long Beach
County
Los Angeles
Time on Site
99 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $4,500
  • Pro Forma/Market Rent: $1,975
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,200
  • Net Operating Income: $66,523
  • Gross Operating Income: $73,200
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $6,677
  • New Taxes: $16,250
  • Trash: $0
  • Gardener: $960
  • Insurance: $1,692
  • Water/Sewer: $2,400

Open Houses for 1961 Pine Ave

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Property Details for 1961 Pine Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7209020007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: North of PCH / East of Pacific
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 1961 Pine Ave

Last sold for $385,000 on June 4th, 2003

  • June, 2024

  • Jun 11, 2024

    Date

    Active

    CRMLS: PW24119032

    $1,300,000

    Price

  • June, 2003

  • Jun 4, 2003

    Date

    Sold (Public Records)

    Public Records

    $385,000

    Price

  • October, 2000

  • Oct 31, 2000

    Date

    Sold (Public Records)

    Public Records

    $178,000

    Price

Show More

Tax History for 1961 Pine Ave

Assessed Value (2020): $509,846
Year Land Value Improved Value Assessed Value
2020 $251,612 $258,234 $509,846

Home Value Compared to the Market

This property vs the competition

1961 Pine Ave is listed 41.03% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $353.93 per/sqft which puts the price per square foot 45.21% lower than the median price per square foot for the city of Long Beach.

About 1961 Pine Ave

Detailed summary of property

1961 Pine Ave is a fourplex located in Long Beach, CA 90806 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,108 living square feet, and sits on an approximately 6,741 square foot lot. 1961 Pine Ave was first listed on ArdentRealEstateGroup.com on June 11, 2024. The homeowner is currently asking $1,100,000 and was originally asking $1,300,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 41.03% higher than the median priced home. Local competing homes currently for sale include 1125 E 17th St, 332 W 9th St and 1010 Lime Ave. While the average home in Long Beach, CA is selling in 62 days, 1961 Pine Ave has a days on market of 99 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1961 Pine Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1961 Pine Ave

Public county record property details
Beds
5
Baths
4
Year built
1941
Sq. Ft.
3,108
Lot Size
6,750
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7209-020-007

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home

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Long Beach Agent
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(714) 706-1823

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Recently Sold Homes Near 1961 Pine Ave

1952 Pine Ave, Long Beach, CA 90806
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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