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2237 Pine Ave, Long Beach, CA 90806
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2237 Pine Ave Long Beach, CA 90806

$1,750,000 Sold Price as of 06/25/2021
  • 10 Beds
  • 8 Baths
  • 5,554 Sq.Ft.
Sold
$1,750,000 Sold Price as of 06/25/2021 Refinance Your Mortgage
Map preview of 2237 Pine Ave, Long Beach, CA 90806

Property Overview: 2237 Pine Ave Long Beach, CA has 10 bedrooms, 8 bathrooms, 5,554 living square feet and 6,086 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present this Eight Unit Building in Great, Wide Street, Wrigley Location!!! This Gated building is comprised of (Two) 2bed/1bath and (Six) 1bed/1bath nicely sized units, (4) Garages renting for $150 each, and a Laundry/Storage Room. Current owner has maintained the property in good condition and has Upgraded All Kitchens with New Cabinets, Granite Countertops, and New Ceramic Tile Flooring. Six of the units have also been Upgraded with New two piece Shower and Tub Combo and New Tile Flooring. Other Property Upgrades include a New Roof 8 years ago, Double Pane / Low-E Windows throughout, and Plumbing was Upgraded to Copper and Pex 6 years ago. Very Desirable Rental area near Schools, Public Transportation, and Shopping Centers. There is a tremendous upside potential to raise the rents 40-60% and have this asset perform at a 6.0% + cap rate. Market / Pro Forma GSI is $164,000+/year.

Listed by Lilia Lopez | BRE #01242376 | On The Move Realty
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
6,086
HOA Dues
$0/mo
Year built
1946
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21084085
City
Long Beach
County
Los Angeles
Time on Site
1149 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $110,400
  • Net Operating Income: $77,280
  • Gross Operating Income: --
  • # of Rented Garages: 4
  • Garage Rental Rate: $150
Annual Expense Breakdown
  • Total Operating Expense: $33,120
  • Electric: $150
  • Gas/Fuel: $0
  • New Taxes: $20,825
  • Trash: $1,080
  • Gardener: $840
  • Insurance: $2,600
  • Professional Management: $0
  • Water/Sewer: $3,120

Property Details for 2237 Pine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7205020025
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: East Pacific Ave/North Hill St
Neighborhood Information
  • Community Features: Sidewalks, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 2237 Pine Ave

Last sold for $1,750,000 on June 25th, 2021

  • June, 2021

  • Jun 26, 2021

    Date

    Sold

    CRMLS: PW21084085

    $1,750,000

    Price

  • May 13, 2021

    Date

    Pending

    CRMLS: PW21084085

    $1,749,000

    Price

  • Apr 21, 2021

    Date

    Active

    CRMLS: PW21084085

    $1,749,000

    Price

  • October, 2005

  • Oct 13, 2005

    Date

    Sold (Public Records)

    Public Records

    $975,000

    Price

  • June, 2002

  • Jun 14, 2002

    Date

    Sold (Public Records)

    Public Records

    $474,000

    Price

Show More

Tax History for 2237 Pine Ave

Assessed Value (2020): $1,218,318
Year Land Value Improved Value Assessed Value
2020 $624,779 $593,539 $1,218,318

Home Value Compared to the Market

This property vs the competition

2237 Pine Ave sold on June 25, 2021 for 108.71% higher than the current median sold price for the city of Long Beach which is $838,000. The median sold price per/sqft for Long Beach is $664 and this home is sold at $314.91 per/sqft which puts the price per square foot 52.57% lower than the current median sale per square foot for the city of Long Beach.

About 2237 Pine Ave

Detailed summary of property

2237 Pine Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 10 bedrooms, 8 bathrooms, roughly 5,554 living square feet, and sits on an approximately 6,086 square foot lot. 2237 Pine Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,750,000. Home in Long Beach are selling for a median price of $838,000 and a median price per square foot of $664. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 108.71% higher than the current median priced home. Local homes that are currently for sale include 720 Coronado Ave, 239 Ximeno Ave and 207 Park Ave. While the average home in Long Beach, CA is selling in 54 days, 2237 Pine Ave has a days on market of 21 days. There are currently 699 homes for sale in the Long Beach real estate market and 387 of them are single family homes while 291 of them are condos and 21 are townhomes. For more information on this home for sale at 2237 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 2237 Pine Ave

Public county record property details
Beds
10
Baths
8
Year built
1946
Sq. Ft.
5,554
Lot Size
6,086
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7205-020-025

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
$799,000
Median List Price/Sq.Ft.
$522
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$805
Total Inventory
14
Median Sale to List Price %
97.87%
Avg Days on Market
14
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (0%), Other (33.33%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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-- Beds
-- Baths
-- Sq.Ft.
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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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