About This Home
This 20-bedroom, 9-bathroom multi-family at 5333 Pine Avenue in Long Beach, CA is listed for $2,195,000. Built in 1962, on a 0.17 acres lot.
Key Features
- Built in 1962
- 0.17 acre lot
- 2 stories
- 6 parking spaces
Property Details
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.
Monthly Cost Estimate
$11,739/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5333 Pine Avenue
Long Beach, CA 90805
North Long Beach (NLB)
Property Details
Construction
Parking
Questions & Answers
This 20-bedroom, 9-bathroom multi-family at 5333 Pine Avenue is listed at $2,195,000. The estimated monthly payment is $11,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1962, 0.17 acre lot, 2 stories, 6 parking spaces.
This property is listed by Adela Randazzo and can be reached at 3104807359.