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$2,195,000
 $11,783 est/mo Sourced by Back At You

5333 Pine Avenue,Long Beach, CA 90805

Long Beach, CA 90805

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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.

Details

MLS #SB26215233
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1962
Days On Site17
Listing Provided ByKeller Williams Realty | Adela Randazzo

Features

SQ Feet6,941
Garage6
Story(s)2
Units9
Building(s)1
ZoningLBR34
Acreage0.17

Exterior

Construction MaterialsStucco
Lot FeaturesCorner Lot, Over40Units Acre, Rectangular Lot

Parking

Parking FeaturesDoor Single, Garage, On Street
Garage Yes / NoYes

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Location

Community FeaturesCurbs, Sidewalks, Urban

Taxes

Property18693

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Community NameNorth Long Beach (NLB)
Listing VS Median (in North Long Beach (NLB))
Price:
$2,195,000
low | high
Med:
$695,000
100% of Average
sqft:
6,941
low | high
Med:
1,100
100% of Average
$ / sqft:
$316
low | high
Med:
$632
49.79271070615% of Average
On site:
17
low | high
Med:
28
60.714285714286% of Average
Sourced by Back At You

Market Activity 90805

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90805
Area7 North Long Beach
Community NameNorth Long Beach (NLB)
Listing VS Median (in North Long Beach (NLB))
Price:
$2,195,000
low | high
Med:
$695,000
100% of Average
sqft:
6,941
low | high
Med:
1,100
100% of Average
$ / sqft:
$316
low | high
Med:
$632
49.79271070615% of Average
On site:
17
low | high
Med:
28
60.714285714286% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.646M - $2.743M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
46 E Plymouth Property Photo 1
$2,195,000
46 E Plymouth
Long Beach, CA 90805
Listing Updated: October 6, 2026 at 8:48:43 AM PDT

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