1626 Pine Avenue, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Donahoe Realty
1626 Pine Avenue,Long Beach, CA 90813
$2,700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26013773
Source:CRMLS

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Price summary

  • Price:$2,700,000

About this home

Renovated and current 6.89% Cap and 9.67 GRM with ADU potential! 1626 Pine Ave, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance. All units are renovated with new floors, appliances, and fixtures. Once all units are rented at market and ADUs are built out, the property will operate at a 7.79% Cap and 8.81 GRM. The property is comprised of (12) 1-Bed/1-Bath and (2) 2-Bed/1-Bath units. 1626 Pine Ave has 10 parking spaces on site and collects $500/month in parking income. Additionally, the property collects $200/month in laundry. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island.

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Home facts

  • Year built:1963
  • Listing ID #:SB26013773
  • Added:161 day(s) ago
  • Updated:July 02, 2026 at 06:41 AM

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Year built:1963

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,700,000

Parking

  • Total parking spaces:7
  • Parking description:Door-Single, Garage, Garage Faces Front, Garage Faces Rear
  • Garage:Yes
  • Garage spaces:7
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