5333 Pine Avenue, Long Beach, CA 90805

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Beds

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Baths

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Sq ft

About this home

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.

Type

Apartment

Year built

1962

Lot

7,502 sq ft

Garage

6 car

HOA

None

Pool

View

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Solar

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Estimated payment

$13,843/mo

Principal & interest$11,099
Property tax (est.)$2,104
Home insurance (est.)$640

Down payment: 20% ($439,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Adela Randazzo, Keller Williams Realty, 310-480-7359. MLS# SB26215233. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:43 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.