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5333 Pine Ave, Long Beach, CA 90805

$2,195,000
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    bed

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    bath

Multi-family for sale 9 hours
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About 5333 Pine Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 7,502 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
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.
Listed by
Listing Agent - Adela Randazzo
Listing Agent Contact: 310-480-7359
Listing Office - Keller Williams Realty
Source: CRMLS mls logo
MLS#SB26215233 • last updated 16 hours ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1722
Lot Size (SqFt) 7502
Tax Area 4992
Property Tax 18693
Year Built 1962
Interior
Laundry Common Area
Exterior
Construction Stucco
Building Area Square Feet, 6941
Parking Garage, Garage - Single Door, Street
# Parking Spaces 6
# Garage Spaces 6
Lot Description Corner Lot, Rectangular Lot, Over 40 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Los Angeles
Community Features Curbs, Urban, Sidewalks
Subdivision North Long Beach (NLB), North Long Beach (NLB)
Zoning LBR34
Directions 91 Fwy To Atlantic Ave South, Right On 53rd St, Right On Pine Ave. Cross Streets: Del Amo Blvd / Long Beach Blvd.
APN 7131007023
Multifamily Details
Tenant Pays Electricity
Expense: Trash 4650
Operating Expense 87375
Cap Rate 5.45
Expense: Insurance 9925
Total Expenses 87375
Expense: Maintenance 12137
Expense: Water/ Sewer 4000
Gross Income 206916
Gross Operating Income 206916
Expense: Electric 800
Gross Multiplier 10.61
Gross Scheduled Income 206916
Expense: Fuel 9286
Expense: Gardener 1120
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
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5/10
Addams Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Lindsey Academy
public Grades 6-8
Long Beach Unified School District
3/10
Jordan High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Addams

Explore everything this neighborhood has to offer. Learn more about Addams.
View homes for sale in Addams
71/100
Walk
97/100
Family
94/100
Dining
98/100
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  • CA
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  • Long Beach
  • 90805
  • Addams
  • 5333 Pine Ave

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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 10/1/2026. 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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