2237 Pine AVE Long Beach, CA 90806

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.