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Listed by Adela Randazzo CA DRE# 01954846 with Keller Williams Realty 310-480-7359

$2,195,000

5333 Pine Avenue

6,941 Sq.Ft. 7,502 Sq.Ft.

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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.

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Location

5333 Pine Avenue, Long Beach, CA 90805

Status

For Sale

Property Amenities

Interior

Laundry room Common Area

Area & Lot

Total area 6,941 Sq.Ft.

Lot Area 7,502 Sq.Ft.

Living area 6,941 Sq.Ft.

MLS® ID SB26215233

Year Built 1962

Type Condo

Status For Sale

Exterior

Stories 2

Pool None

Water Source Public

Garage Space 6.0

Sewer Public Sewer

Parking Door-Single, Garage, On Street

Lot Features Corner Lot, Over 40 Units/Acre, Rectangular Lot

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Finance

Sales Price $2,195,000

Maintenance Fee $12,137 monthly

Real Estate Tax $18,693 yearly

Adela Randazzo

TITLE

President of Sales

LICENSE

01954846

PHONE

(424) 400-8970

EMAIL

[email protected]

CONTACT AGENT

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$2,195,000