Long Beach, CA 90813,1626 Pine AVE
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$2,900,000
Est. payment /mo
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7,492 Sqft Lot
New

1626 Pine AVE Long Beach, CA 90813

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB26013773

Year Built 1963

Lot Size 7,492 Sqft

Source California Regional MLS

Property Description

Renovated and current 6.99% Cap and 9.57 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Heating Radiant

Laundry Laundry Area, Community Facility

Exterior

Parking Features Garage

Garage Spaces 7.0

Pool None

Building

Water District - Public

Others

Tax ID 7269011003

Special Listing Condition Not Applicable


MLS Listing IDX PLUS
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Los Cerritos Elementary School

    Public | KG - 5

  • 8

    Signal Hill Elementary School

    Public | KG - 5

  • 8

    Alvarado Elementary School

    Public | KG - 5

  • 7

    Muir Academy

    Public | KG - 8

  • 7

    Chavez Elementary School

    Public | KG - 5

  • 7

    Birney Elementary School

    Public | KG - 5

  • 7

    Lafayette Elementary School

    Public | KG - 5

  • 7

    Robert Louis Stevenson Elementary School

    Public | KG - 5

  • 7

    Longfellow Elementary School

    Public | KG - 5

  • 7

    Lincoln Elementary School

    Public | KG - 5

  • 6

    Garfield Elementary School

    Public | KG - 5

  • 6

    Robinson K - 8 Academy

    Public | KG - 8

  • 6

    Roosevelt Elementary School

    Public | KG - 5

  • 6

    Mann Elementary School

    Public | KG - 5

  • 5

    Elizabeth Beth Hudson K - 8 School

    Public | KG - 8

  • 5

    Daniel Webster Elementary School

    Public | KG - 5

  • 5

    Oropeza Elementary School

    Public | KG - 5

  • 5

    Smith Elementary School

    Public | KG - 5

  • 5

    Burbank Elementary School

    Public | KG - 5

  • 5

    Nieto Herrera Elementary School

    Public | KG - 5

Middle Schools 8
  • 9

    Intellectual Virtues Academy of Long Beach

    Public | 6 - 8

  • 7

    Hughes Middle School

    Public | 6 - 8

  • 6

    Franklin Classical Middle School

    Public | 6 - 8

  • 6

    Jessie E. Nelson Academy

    Public | 6 - 8

  • 5

    Stephens Middle School

    Public | 6 - 8

  • 5

    Washington Middle School

    Public | 6 - 8

  • 5

    Jefferson Leadership Academies

    Public | 6 - 8

  • 0

    Regency High School

    Private | 7 - 12

High Schools 8
  • 7

    Renaissance High School for the Arts

    Public | 9 - 12

  • 6

    Polytechnic High School

    Public | 9 - 12

  • 1

    Cabrillo High School

    Public | 9 - 12

  • 1

    Beach High-Intensive Learning Program

    Public | 9 - 12

  • 0

    Reid High School

    Public | 11 - 12

  • 0

    Educational Partnership High School

    Public | 9 - 12

  • 0

    St Anthony High School

    Private | 9 - 12

  • 0

    Long Beach Unified School District Regional Occupational Program

    Public | 10 - 12

School and business data provided by Attom Data.
Alex Kononoff
Alex Kononoff

Agent | License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

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1626 Pine AVE