Properties
Long Beach, CA 90813 1626 Pine Avenue
$2,900,000
18 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
Baths • 1
SQFT • 7,780
Garage • 7
Home Details
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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 1626 Pine Avenue
Other Interior Features
Common Walls2+ Common Walls
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 1626 Pine Avenue
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLong Beach
Community FeaturesPark, Suburban
CountyLos Angeles
DirectionsSouth of PCH HYW & E of Pacific Ave
Electric Expense
Entry Location1
Expected Active Date 2026-01-21
Fuel Expense
Garage Spaces7
Garage Y/NYes
Gross Income291000
HeatingRadiant
Insurance Expense9725
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet7492
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Net Operating Income199910
New ConstructionNo
Number Of Units Total14
Number of Units Leased13
Operating Expense91090
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot3
Total Actual Rent24300
Trash Expense0
Water Sewer Expense0
Year Built1963
Year Built SourceAssessor
Exterior for 1626 Pine Avenue
Building Area Total7780
Lot Features0-1 Unit/Acre
Lot Size Acres0.172
Lot Size Area7492
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters15
Number of Separate Gas Meters14
Number of Separate Water Meters15
Parking FeaturesDoor-Single, Garage Faces Front, Garage, Garage Faces Rear
Private PoolNo
Total Parking7
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
