2238 Earl Avenue is a 4-unit investment asset in the up- and-coming South East Wrigley neighborhood, just north of Downtown Long Beach. The units are bright and spacious featuring two 2 BD/ 1 BA units and two 1 BD/1 BA units with separate entrances, totaling 3,758 square feet of building area. One two bed unit has been completely gutted and renovated. The remaining three units having brand new bathrooms, vinyl flooring, paint and ceiling fans. The property sits on a large lot at 5,845 square feet with beautifully landscaped front and backyards. Four detached garages sit off the back alley that have the potential to be converted to ADUs. The roof has been recently repaired on the main building and is in great condition while the garages feature all new doors. 2238 Earl Ave provides a new buyer the opportunity to own large units in a high demand rental market and 19.75% gross rent upside potential with the existing units.
Sold for $1,250,000 on 08/26/22
Listing Provided by:
Robert Stepp DRE #01456379 310-482-2200,
Keller Williams - Santa Monica,
Co-Listing Agent: John Alden DRE #02114291,
Alden Pacific Investments, Inc.
$1,250,000
2238-2244 Earl Ave, Long Beach, CA 90806
--beds
--baths
3,758sqft
Multi Family
Built in 1938
-- sqft lot
$1,434,600 Zestimate®
$333/sqft
$4,383 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 29, 2022 at 09:32am
Listing Provided by:
Robert Stepp DRE #01456379 310-482-2200,
Keller Williams - Santa Monica,
Co-Listing Agent: John Alden DRE #02114291,
Alden Pacific Investments, Inc.
Bought with:
Jeffrey Isenberg, DRE #02059354
Buckingham Investments, Inc
Source: CRMLS,MLS#: PW22115606
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,758
- Total interior livable area: 3,758 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Pool features: None
Lot
- Size: 5,845 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 7208024010
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Wrigley Area (Wr)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Services availability
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Estimated market value
$1,434,600