$2,900,000
1626 Pine Avenue, Long Beach CA 90813
Multi-Family (14 Units)
Property type
136 days
On market
$373
Price per sqft
7 cars
Garage
1963
Year built
7,492 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Mar 12, 2026 at 06:29pm.
Last checked: Jun 5, 2026 at 08:00pm
Source: CRMLS #SB26013773
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 1 | 1 | — | $1,650 | $3,300 | $3,724 | Unfurnished |
| 1 | 2 | 1 | — | $1,995 | $1,995 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,995 | $1,995 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,595 | $1,695 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,728 | $1,595 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,595 | $1,728 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,700 | $1,595 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,570 | $1,700 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,853 | $1,570 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,862 | $1,853 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,595 | $1,595 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,862 | $1,862 | $1,862 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,862 | Unfurnished |
# of Buildings: 1
# of Units Total: 14
Separate Electric Meters: 15
Separate Gas Meters: 14
Separate Water Meters: 15
Rent Control: Yes
Units Leased: 13
Total Actual Rent: $24,300
Financial Snapshot
Gross Rent Multiplier
9.7x
List Price / Annual Gross Rent
Cap Rate
6.89%
NOI / List Price
Gross Scheduled Income: $300,000
Vacancy Allowance: $9,000
Vacancy Allowance Rate: 3%
Operating Expense: $91,090
Net Operating Income: $199,910
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $9,725
Professional Management: $15,000
Trash: $0
Water / Sewer: $0
Interior
Heating: Radiant
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Door Single, Garage Faces Front, Garage, Garage Faces Rear
Garage Spaces: 7
Parking Total: 7
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7269011003
Additional Parcels: No
Tax Lot: 3
Tax Block: 1
Community
Senior Community: No
Community Features: Park, Suburban
Nearby Schools
Nearby schools around the 1626 Pine Avenue, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,320,000
Total Interest
$2,959,032
Total Payment
$5,279,032
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,835
per month
Property History for 1626 Pine Avenue
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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