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1111 Pine Ave
Long Beach, CA 90813 Downtown Long Beach

$2,125,000 USD

Apartments For Sale • 6,142 SF

Property Details

Property Type Apartments
Total Building Size 6,142 SF
Lot Size 0.17 AC
Building Class C
Year Built 1922
Cap Rate 5.33 %
Zoning PD-30

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                12-Unit Long Beach Multifamily: 6,142 SF comprising 7 studios and 5 1-bed/1-bath units.
                            
                                Immediate Lease-Up Potential: Four newly renovated, vacant units are ready to capture top-of-market rents on day one.
                            
                                Major Systems Overhauled: Significant CapEx already completed, including new copper plumbing and updated electrical.
                            
                                Premium Turnkey Interiors: Five units feature completely modernized kitchens and baths, upgraded flooring, and recessed lighting.
                            
                                Strong Rental Upside: Below-market in-place rents provide a clear path to long-term income growth.
                            
                                On-Site Amenities: Features a gated central courtyard, community laundry facility, and 4 garage parking spaces.

Financial Summary (Actual)

Net Operating Income: $113,335 USD (2026)

Cap Rate:	5.33 %
Total Expenses:	$80,529 USD

Amenities

Laundry Facilities

Public Transportation

Transit/Subway	Drive	Walk	Distance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	5 min	0.3 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	12 min	0.6 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	12 min	0.6 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	16 min	0.9 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.6 mi
Los Angeles International	31 min	-	21.5 mi
John Wayne/Orange County	31 min	-	21.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	OneCarGarage
Included in Rent:	Yes

Tyler Leeson 714-713-9086 Marcus & Millichap

1111 Pine Ave Long Beach, CA 90813 Downtown Long Beach