1626 Pine Ave Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $18,238/month
Highlights
- Park
- Laundry Room
- Radiant Heating System
- Long Beach Polytechnic High School Rated A
- 7 Car Garage
About This Home
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 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.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/21/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 7,492 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 7 Car Garage
- Parking Available
- Front Facing Garage
- Rear-Facing Garage
- Single Garage Door
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,780 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Additional Features
- Suburban Location
- Radiant Heating System
Listing and Financial Details
- Legal Lot and Block 3 / 1
- Tax Tract Number 12345
- Assessor Parcel Number 7269011003
Community Details
Recreation
- Park
Building Details
- 13 Leased Units
- Rent Control
- 15 Separate Electric Meters
- 14 Separate Gas Meters
- 15 Separate Water Meters
- Insurance Expense $9,725
- Professional Management Expense $15,000
- Operating Expense $91,090
- Gross Income $291,000
- Net Operating Income $199,910
Additional Features
- 14 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $34,357 | $2,621,466 | $892,413 | $1,729,053 |
| 2024 | $34,357 | $2,570,065 | $874,915 | $1,695,150 |
| 2023 | $33,759 | $2,519,672 | $857,760 | $1,661,912 |
| 2022 | $31,698 | $2,470,268 | $840,942 | $1,629,326 |
| 2021 | $31,035 | $2,421,832 | $824,453 | $1,597,379 |
| 2020 | $30,955 | $2,397,000 | $816,000 | $1,581,000 |
| 2019 | $30,589 | $2,350,000 | $800,000 | $1,550,000 |
| 2018 | $22,850 | $1,727,064 | $520,200 | $1,206,864 |
| 2016 | $15,424 | $1,175,465 | $416,094 | $759,371 |
| 2015 | $14,833 | $1,157,809 | $409,844 | $747,965 |
| 2014 | $14,792 | $1,135,130 | $401,816 | $733,314 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/21/2026 01/21/26 | For Sale | $2,900,000 | +75.8% | $373 / Sq Ft | |
| 01/22/2016 01/22/16 | Sold | $1,650,000 | 0.0% | $212 / Sq Ft | View Prior Sale |
| 11/09/2015 11/09/15 | Pending | -- | -- | -- | |
| 10/24/2015 10/24/15 | For Sale | $1,650,000 | +46.0% | $212 / Sq Ft | |
| 03/29/2013 03/29/13 | Sold | $1,130,000 | -5.4% | $145 / Sq Ft | View Prior Sale |
| 02/27/2013 02/27/13 | Pending | -- | -- | -- | |
| 01/28/2013 01/28/13 | For Sale | $1,195,000 | -- | $154 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26013773
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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