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

2 stories
9 full
6-car garage
1962
Listing Description

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

Principal$1,587
Interest$9,512
Insurance$640

Estimates only. Actual payments may vary.

Location

5333 Pine Avenue

Long Beach, CA 90805

North Long Beach (NLB)

Property Details

Construction

Stucco

Parking

Garage

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.

AR

Adela Randazzo

License 01954846

Agent at Keller Williams Realty - L.A. Harbor

Listed by Keller Williams Realty - L.A. Harbor · Broker phone: (310) 519-1080 · Broker website

MLS# SB26215233· Source: California Regional Multiple Listing Service, Inc· 25 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5333 Pine Avenue, Long Beach, CA 90805

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