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Keller Williams
5333 Pine Avenue, Long Beach, CA 90805
- $2,195,000
- List Price
- $2,195,000
- Status
- ACTIVE
- Days on Market
- 6
- MLS#
- SB26215233
- Subtype
- Residential Income
- Year Built
- 1962
- Lot Size
- 7,502
- Acres
- 0.17
- Subdivision
- North Long Beach (Nlb)
- Neighborhood
- North Long Beach (Nlb)
- MLS Area Major
- North Long Beach (7)
Property 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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Additional Information
- Taxes
- $18,693
- Zoning
- LBR34
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Pool Type
- None
- Parking Features
- Door-Single, Garage, On Street
- Garage Spaces
- 6
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Listing courtesy of Listing Agent: Adela Randazzo (adela@adelarandazzo.com) from Listing Office: Keller Williams Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.