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Sold on 05/14/2026
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1626 Pine Ave, Long Beach, CA 90813

  • $2,700,000

    Last sold 05/14/2026 after 114 Days

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    bed

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    bath

Multi-family not for sale
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About 1626 Pine Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 7,492 Sqft
Parking 7 garage spaces
Rental estimate
Property 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.
Listed by
Listing Agent - Cameron Samimi
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS mls logo
MLS#SB26013773 • last updated 1 week ago
Movoto checked CRMLS for data 7 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.172
Lot Size (SqFt) 7492
Year Built 1963
Interior
Exterior
Building Area Square Feet, 7780
Parking Garage, Garage - Single Door, Garage Faces Front, Garage Faces Rear
# Parking Spaces 7
# Garage Spaces 7
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban, Park
Directions South Of PCH HYW & E Of Pacific Ave
APN 7269011003
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 9000
Laundry Income 200
Operating Expense 91090
Expense: Insurance 9725
Total Expenses 91090
Gross Income 291000
Gross Scheduled Income 300000
Rental est.: $1,326/month
Gross rent multiplier: 169.7
  • Jul 2026
    mls logo MLS # SB26013773
  • Jul 1, 2026 Sold
    $2,700,000 (-6.9%)
  • Jan 20, 2026 Listed
    $2,900,000 (-24.7%)
  • Apr 2020
    mls logo MLS # PW20073382
  • Apr 14, 2020 Listed
    $3,850,000 (+63.8%)
  • Sep 2018
    Public Records
  • Sep 14, 2018 Sold
    $2,350,000 (+42.4%)
  • Jan 2016
    mls logo MLS # OC15232589
  • Jan 26, 2016 Sold
    $1,650,000 (-0.6%)
  • Jan 22, 2016 Sold
    $1,650,000
  • Oct 24, 2015 Listed
    $1,650,000
  • Oct 24, 2015 Listed
    $1,650,000 (+46.0%)
  • Jan 2016
    Public Records
  • Jan 22, 2016 Sold
    $1,660,000 (+0.6%)
  • Mar 2013
    Public Records
  • Mar 29, 2013 Sold
    $1,130,011
  • 1626 Pine Ave
    $2.7M
  • Washington School
    $699K +44% y/y
  • 90813
    $585K -2% y/y
  • Long Beach
    $700K -4% y/y
No chart available
Statistics calculated by Movoto

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6/10
Roosevelt Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/10/2026. 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.
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