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2009 Pine Ave Long Beach, CA 90806

$1,950,000 Sold Price as of 10/09/2020

10 Beds
10 Baths
-- Sq.Ft.

Sold

$1,950,000 Sold Price as of 10/09/2020 Refinance Your Mortgage

Map preview of 2009 Pine Ave, Long Beach, CA 90806

Property Overview: 2009 Pine Ave Long Beach, CA has 10 bedrooms, 10 bathrooms, -- living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 9 unit building offers an investor the opportunity to acquire a great asset in the highly desirable Wrigley area of Long Beach. Proforma 5.7% CAP. The property is comprised of two buildings with different APN numbers situated on one lot encompassing a gross area of approximately 7,449 square feet. There are 8 one bedroom units averaging 650 Sq Ft and 1 two bedroom/two bathroom town home unit.The exterior of the building as well as all of the unit interiors have been remodeled. The exterior has received all new paint and landscaping and the interiors have been upgraded with new counter tops, fixtures, flooring and paint. Updated electric and mostly copper plumbing throughout (Buyer to verify), including 8 new water heaters. There are also 4 garages onsite (3 are rented for $300 total) and there is a beautifully landscaped garden style courtyard. A 5 year fixed at 3.6% with 3 years of I/O at 30% down may be available. EMAIL LISTING AGENT FOR MORE INFO AND A RENT ROLL.

Listed by Jonathan Swire | BRE #01336277 | The Agency

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft: 7,500
HOA Dues: $0/mo
Year built: 1949
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20563672
City: Long Beach
County: Los Angeles
Time on Site: 1399 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 9
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 8
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,300
Total Rent: $10,400
Pro Forma/Market Rent: $10,400

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Actual Rent: $1,995
Total Rent: $1,995
Pro Forma/Market Rent: $1,995

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 13.7
Gross Scheduled Income: --
Net Operating Income: $99,000
Gross Operating Income: $149,000

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 2009 Pine Ave

Interior Features

Cooling Information

No Cooling
None

Lot Details / Garage and Parking

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 9
Parcel Number: 7209019023
Has Additional Parcels

Location / Neighborhood

Location Information

Directions: Wrigleyville Area of Long Beach.

View more facts & features

Local Long Beach Agent

Sale History for 2009 Pine Ave

Last sold for $1,950,000 on October 9th, 2020

October, 2020
Oct 9, 2020

Date

Sold

CRMLS: 20563672

$1,950,000

Price
Aug 19, 2020

Date

Active Under Contract

CRMLS: 20563672

$1,999,000

Price
Jun 30, 2020

Date

Price Change

CRMLS: 20563672

$1,999,000

Price
Mar 13, 2020

Date

Active

CRMLS: 20563672

$2,049,000

Price
October, 2020
Oct 9, 2020

Date

Sold (Public Records)

Public Records

$1,950,000

Price
March, 2015
Mar 30, 2015

Date

Sold (Public Records)

Public Records

$1,040,000

Price

Tax History for 2009 Pine Ave

Assessed Value (2020): $486,009

Year	Land Value	Improved Value	Assessed Value
2020	$216,485	$269,524	$486,009

Home Value Compared to the Market

This property vs the competition

2009 Pine Ave sold on October 9, 2020 for 149.88% higher than the current median sold price for the city of Long Beach which is $800,000.

About 2009 Pine Ave

Detailed summary of property

2009 Pine Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 10 bedrooms, 10 bathrooms, roughly -- living square feet, and sits on an approximately 7,500 square foot lot. 2009 Pine Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,950,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 149.88% higher than the current median priced home. Local homes that are currently for sale include 1706 Sherman Pl, 1512 N Stanton Pl and 468 Gaviota Ave. While the average home in Long Beach, CA is selling in 52 days, 2009 Pine Ave has a days on market of 126 days. There are currently 647 homes for sale in the Long Beach real estate market and 369 of them are single family homes while 262 of them are condos and 16 are townhomes. For more information on this home for sale at 2009 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 2009 Pine Ave

Public county record property details

Beds: 2
Baths: 2
Year built: 1931
Sq. Ft.: 1,110
Lot Size: 2,249
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 13
APN: 7209-019-023

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

$795,000

Median List Price/Sq.Ft.

$589

Median Sold Price

$600,000

Median Sold Price/Sq.Ft.

$641

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (55.56%), FHA (11.11%), VA (0%), Cash (0%), Other (33.33%)

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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.