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1626 Pine Ave
Long Beach, CA 90813 Downtown Long Beach

$2,900,000 USD

Apartments For Sale • 7,780 SF

Property Details

Property Type Apartments
Total Building Size 7,780 SF
Lot Size 0.17 AC
Building Class C
Year Built 1963
Zoning R4R

69 Transit Score

89 Walk Score

                
                    Highlights
                
                                Fully renovated and renting near market with ADU potential
                            
                                Perfect Cash Flow opportunity with extremely low maintenance
                            
                                Located near $6 billion worth of new development
                            
                                Parking and laundry collect an additional $700/mo. in income
                            
                                Current 6.99% Cap Rate and 9.57 GRM
                            
                                10 Parking Spaces with 7 Total Single Car Garages

Property Flyers

OM_1626 Pine Ave 1.20.26

Amenities

Laundry Facilities
Zen Garden

Public Transportation

Transit/Subway	Drive	Walk	Distance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	7 min	0.4 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	11 min	0.6 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	9 min	-	4.1 mi
Los Angeles International	30 min	-	20.9 mi
John Wayne/Orange County	32 min	-	21.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Covered
Included in Rent:	Yes

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

1626 Pine Ave Long Beach, CA 90813 Downtown Long Beach