AOA Apartment Brokerage




1750 Pine Ave
Long Beach, CA. 90813
Property Description Location Investment Gallery Company Info
Listed by Chuck Lundie
Real Estate Sales
(800) 827-4262
chuck@aoausa.com
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Property Description

This property is in a great rental area with NO rent control.  Close to public transportation.
4 - 2 bedrooms, 1 bath.
6 – 1 bedroom, 1 bath.

Four of these units have been refurbished to a high standard.
Property Summary Unit Amenities  
  • 10 Units
  • Built in 1953
  • Approx.7,497 sq. ft.
  • 10.50 GRM.
  • • Great rental area.
  • • Cash to new loan.

• Non rent control.
• 4 - 2 bedrooms, 6 -1 bedrooms.
• Must See!

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Property Location

Pine is located one half mile East of the 710 Long Beach Freeway, just South of Pacific Coast Highway. The neighborhood is a high demand rental area. And conveniently located near Long Beach’s transportation system.


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Property Investment
Summary Income & Expense
Pricing
Price
$950,00

Price/Unit
$95,000

Price SF
$146

Actual Cap Rate
6.36%

Actual GRM
9.47

Unit Mix & Rent Schedule
Unit Type Rent
1
2
3
4
5
6
7
8
9
10

2+1
1+1
1+1
1+1
2+1
2+1
1+1
1+1
1+1
2+1

$925
$725
$690
$725
$925
$925
$725
$725
$700
$1,050

10   $8,115

Income
Scheduled Rent
Laundry
Grage Income:
Effective Gross Income
$8,115
$65
$180
$8,360

Estimated Expenses   Per. Unit
Taxes
Insurance
Water
Electricity
Trash
Gardener
Lic. & Fees
Pest Control
$11,875
$5,480
$4,727
$above
$above
$800
$1,030
$700
$1,187
$548
$472
$
$
$80
$103
$70
Net Operating Income   $100,320
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Company Info
  • Proven marketing techniques/ multi-point marketing plan.
  • Attention to detail and close communication with clients.
  • Experienced in 1031 tax deferred exchanges.
  • FREE, no obligation property evaluations.
  • FREE educational seminars throughout the year.
  • Supported by one of the largest associations for apartment owners in the United States; the Apartment Owners Association of California, Inc.

For over 25 years, the Apartment Owners Association of California, Inc. (AOA) has provided California apartment owners with low cost, full service apartment owner resources. Founded in 1982 by Daniel C. Faller, AOA has become one of the largest apartment associations in the United States. AOA is proud to serve over 20,000 members.

AOA also publishes the monthly AOA Magazine which includes all featured listings offered by AOA Commercial Brokerage. It is the most widely circulated magazine in the nation reaching over 100,000 apartment owners and property management companies.
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