$2,700,000
SOLD MAY 14, 2026
12 Beds
10 Baths
7,780 Sq Ft
7,492 Sq Ft Lot

Sale Details

Date Sold: May 14, 2026

$347 Per Sq Ft

7% Below List Price

70 Days on Market

Highlights

  • Park
  • 7 Car Garage
  • Radiant Heating System
  • Long Beach Polytechnic High School Rated A
  • Laundry Facilities

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/21/2026

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/21/2026

Lyon Stahl Investment Real Estate, Inc.
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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

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,492 Sq Ft Lot

Parking

7

Listing Details

  • Professional Management Expense: 15000.00
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7269011003
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 347.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Garage, Garage - Single Door, Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community, Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7492.00
  • Lot Size Acres: 0.1720

Multi Family

  • Garage Income: 500.00
  • Gross Income: 291000.00
  • Gross Scheduled Income: 300000.00
  • Insurance Expense: 9725.00
  • Laundry Income: 200.00
  • Lot Size Area: 7492.0000 Square Feet
  • Net Operating Income: 199910.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 15
  • Number Of Units Leased: 13
  • Number Of Units Total: 14
  • Operating Expense: 91090.00
  • Rent Control: Yes
  • Total Actual Rent: 24300.00
  • Total Expenses: 91090.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 1
  • Tax Lot: 3
  • Tax Tract Number: 12345

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2026
Closed on
Apr 23, 2026
Sold by
Bought by
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$200,000
-6.9%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,088,000
Outstanding Balance
$1,819,219
Interest Rate
6.46%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 6, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,060,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,060,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,060,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,162,000
Interest Rate
3.25%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 28, 2013
Closed on
Mar 18, 2013
Sold by
Bought by
Seller's Agent
Chuck Lundie
AOA Commercial Brkrge
Buyer's Agent
Timothy Lewis
Elliot Lewis, Broker
List Price
$1,195,000
Sold Price
$1,130,000
Premium/Discount to List
-$65,000
-5.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.49%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Washington School, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,610,000 Fidelity National Title
Interfamily Deed Transfer -- Fidelity National Title Comp
Grant Deed $2,350,000 Fidelity National Title Comp
Quit Claim Deed -- None Available
Grant Deed $1,660,000 Ticor Title Company
Grant Deed $1,130,011 Lawyers Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $2,088,000 Construction
Previous Owner $50,000 Commercial
Previous Owner $2,060,000 Commercial
Previous Owner $1,162,000 Commercial
Previous Owner $588,272 Commercial
Previous Owner $140,000 Commercial
Previous Owner $100,000 Commercial
Previous Owner $825,000 Commercial
Previous Owner $800,000 Seller Take Back
Previous Owner $260,000 Commercial
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/14/2026 05/14/26 Sold $2,700,000 -6.9% $347 / Sq Ft
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)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $35,932 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26013773

California Regional Multiple Listing Service (CRMLS)
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