5355 Pine Ave Long Beach, CA 90805
Addams NeighborhoodEstimated payment $7,211/month
Highlights
- Corner Lot
- Laundry Room
- 1-Story Property
- No HOA
- 4 Car Garage
- 3-minute walk to Grace Park
About This Home
ATTENTION INVESTORS! This triplex investment property opportunity has a unit mix of three 2-bedroom, 1-bathroom units. It is located in a residential neighborhood with good rental demand. There is upside potential in rents and the possibility to convert the garage into an accessory dwelling unit (ADU). (Check with the City of Long Beach for their ADU garage conversion guidelines and permissibility.) This property is across the street from Addams Elementary School and is convenient to shopping, employment centers, and freeway access. The property is currently 100% tenant occupied.
Listing Agent
American Pacific Realty Brokerage Phone: 714-793-3999 License #00879626 Listed on: 07/25/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 7,052 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 2,855 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 309
- Tax Tract Number 5134
- Assessor Parcel Number 7131002028
- $744 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,600
- Insurance Expense $2,261
- Pest Control $360
- Water Sewer Expense $6,000
- New Taxes Expense $15,480
- Operating Expense $26,001
- Gross Income $69,996
- Net Operating Income $41,895
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 | $5,182 | $363,638 | $109,078 | $254,560 |
| 2024 | $5,182 | $356,509 | $106,940 | $249,569 |
| 2023 | $5,093 | $349,520 | $104,844 | $244,676 |
| 2022 | $4,800 | $342,668 | $102,789 | $239,879 |
| 2021 | $4,689 | $335,950 | $100,774 | $235,176 |
| 2020 | $4,676 | $332,506 | $99,741 | $232,765 |
| 2019 | $4,623 | $325,987 | $97,786 | $228,201 |
| 2018 | $4,402 | $319,596 | $95,869 | $223,727 |
| 2016 | $4,042 | $307,189 | $92,148 | $215,041 |
| 2015 | $3,888 | $302,575 | $90,764 | $211,811 |
| 2014 | $3,877 | $296,649 | $88,987 | $207,662 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $1,290,000 | -- | $452 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $285,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25160185
APN: 7131-002-028
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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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