Spectacular large 2 story, Spanish style Duplex with a huge back yard (6700+ SqFt lot), in the popular historic Wrigley neighborhood. Zoned for 4 UNITS - build and create equity. NO RENT CONTROL. Parking for up to 9 cars! : 2 car garage, 4 cars in front driveway, 3 cars in the alley. Units are in good condition and the property is low maintenance. Each unit has 3 Bedrooms / 1 Bathroom, open Living room, Dining room and breakfast nook. Both units have front and rear entry door. Upper unit has a balcony off Master Bedroom, lower unit has a front porch. Beautiful landscaped backyard with a storage. Building is bolted to foundation for earthquake protection. Both units are rented month to month. Great tenants, they have been living in the building for over 8 years (solid cash flow for an investor or owner). Upper unit rents for $1645, lower unit rents for $1675 (rents have not been raised in 8 years and are substantially below the market). Garages are not included in rent paid (owner uses them personally), each garage can rent for $200-$300 additional. Each unit has a full-size washer and dryer room. Separate gas and electrical meters (paid by tenants). Owner pays water and gardener only.
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COLDWELL BANKER COAST ALLIANCE
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This Multi-Family home
for sale in Long Beach, CA
is currently listed for $699,900.
Featuring a lot size of 6,745 Sq. Ft.,
1962 Pine Avenue
was built in 1936 and
has been on ERA.com for 141 days.
This listing is provided courtesy of COLDWELL BANKER COAST ALLIANCE.
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Data last updated: Friday, December 9, 2016 at 2:58 PM. Properties in listings may have been sold or may no longer be available.