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Listed by Adela Randazzo, DRE #01954846 • Keller Williams Realty
$ 2,195,000
Est. payment /mo
Active
5333 Pine AVE Long Beach, CA 90805
7,502 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26215233
Year Built 1962
Lot Size 7,502 Sqft
Source California Regional MLS
Property Description
North Long Beach 9-unit apartment building for sale at $244K per door. A rare multifamily income property in Long Beach 90805 with a 6.14% cap rate on served November 1, 2026 rents, $222,203 in gross scheduled income, and value-add upside. The unit mix is seven 2-bed/1-bath units and two 3-bed/1-bath units, plus six garages. The most recent 3-bedroom turnover re-leased at $2,500/mo in May 2026, showing room to grow rents. Two garages may qualify for ADU conversion under California law (buyer to verify with the City of Long Beach). Professionally managed, with long-term tenancy. Directly across from Addams Elementary and a short walk to Grace Park and the Long Beach Blvd shopping corridor, near the Metro A Line, the 710, the 91 and the 405. An ideal 1031 exchange property or long-term hold. Rent roll and income statement available. Do not disturb tenants.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Laundry Laundry Area
Exterior
Parking Features Garage, Off-Street Parking
Garage Spaces 6.0
Pool 31, None
Building
Water District - Public
Others
Tax ID 7131007023
Special Listing Condition Not Applicable
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