Listing provided courtesy of Adela Randazzo of Keller Williams Realty. Last updated 2026-10-15 08:10:58.000000. Listing information © 2026 Sandicor.
Asking Price: $2,195,000 |
5333 Pine, Long Beach CA 90805
Community: 7 - North Long Beach
This Apartment property was built in 1962 and is priced at $2,195,000. Please see the additional details below.
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.
