Overview
- Apartment
- 7
- 1963
Description
Renovated and current 6.99% Cap and 9.57 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 Pine
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90813
Details
Updated on January 21, 2026 at 11:08 am- Property ID: HZSB26013773
- Price: $2,900,000
- Garages: 7
- Year Built: 1963
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Cameron Samimi
- DRE #: 02035763
- Contact Mail: cameron@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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