Residential Income - 5333 Pine Avenue, Long Beach, CA

$2,195,000

5333 Pine Avenue, Long Beach, CA

5333 Pine Avenue, Long Beach, CA 90805 - $2,195,000 · Multi-Family Home for Sale, photo 3

5333 Pine Avenue, Long Beach, CA 90805 - $2,195,000 · Multi-Family Home for Sale, photo 4

5333 Pine Avenue, Long Beach, CA 90805 - $2,195,000 · Multi-Family Home for Sale, photo 5

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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.

Property details

Year built

1962

Property type

Residential Income

Lot size

7,502 sqft

Location

5333 Pine Avenue • Long Beach, CA 90805

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Listed by

Adela Randazzo · Keller Williams Realty

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Closed sales reported in 90805, nearest first, last 12 months. All recent sales in Long Beach →