Description
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.
Address
Open on Google Maps- Address 1626 Pine Avenue
- City Long Beach
- State/county CA
- Zip/Postal Code 90813
- Country US
Details
Updated on March 12, 2026 at 6:29 pm- Property ID: SB26013773
- Price: $2,900,000
- Property Size: 7780 Sqft
- Land Area: 0.172 Acres
- Garages: 7.0
- Year Built: 1963
- Property Type: Residential Income, Apartment
- Property Status: Active
Additional details
- Listing Terms: Cash, Cash to New Loan, Conventional, 1031 Exchange
- Sewer: Public Sewer
- Heating: Radiant
- County: Los Angeles
- Property Type: Residential Income
- Pool: None
- Parking: Door-Single, Garage Faces Front, Garage, Garage Faces Rear
- Community Features: Park, Suburban
