1626 Pine Avenue, Long Beach, CA 90813

About this property

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.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$2,700,000

Sold May 2026 · listed $2,900,000, on market January 2026 · MLS #SB26013773 · Source: CRMLS

Listing Agent: Cameron Samimi · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Cameron Samimi · Lyon Stahl Investment Real Estate, Inc.

$1,650,000

Sold January 2016 · on market October 2015 · MLS #OC15232589 · Source: CRMLS

Listing Agent: Ryan Lusk · Listing Office: Coldwell Banker Beachside · Contact: 714-969-6100 · Bought with: Kevin King · Marcus & Millichap

$1,130,000

Sold March 2013 · listed $1,195,000, on market January 2013 · MLS #SR13023949 · Source: CRMLS

Listing Agent: Charles Lundie · Listing Office: AOA Commercial Brkrge · Contact: 818-988-9200 · Bought with: Timothy Lewis · Elliot Lewis, Broker

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