Sold for $2,700,000

Listed by: Lyon Stahl Investment Real Estate, Inc. • Cameron Samimi • Contact: 310-259-7556

Bought with: Lyon Stahl Investment Real Estate, Inc.

$2,700,000

1626 Pine Ave, Long Beach, CA 90813

16beds

14baths

7,780sqft

Multi Family

Built in 1963

-- sqft lot

$2,705,500 Zestimate^®

$347/sqft

$2,926 Estimated rent

Home value

$2,705,500

$2.46M - $2.98M

$2,926/mo

Zestimate^® history

Owner options

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$2,926/mo

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$2,926/mo

Rent Zestimate^®

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$17,125/mo

Est. payment

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$17,125/mo

Est. payment

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What's special

New floors

Renovated and current 6.89% Cap and 9.67 GRM with ADU potential! 1626 Pine Ave, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance. All units are renovated with new floors, appliances, and fixtures. Once all units are rented at market and ADUs are built out, the property will operate at a 7.79% Cap and 8.81 GRM. The property is comprised of (12) 1-Bed/1-Bath and (2) 2-Bed/1-Bath units. 1626 Pine Ave has 10 parking spaces on site and collects $500/month in parking income. Additionally, the property collects $200/month in laundry. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 14

Heating

Radiant

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,780
Total interior livable area: 7,780 sqft

Property

Parking

Total spaces: 7
Parking features: Door-Single, Garage Faces Front, Garage, Garage Faces Rear
Garage spaces: 7

Features

Entry location: 1
Pool features: None

Lot

Size: 7,492 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 7269011003
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Park, Suburban

Location

Region: Long Beach

Financial & listing details

Price per square foot: $347/sqft
Date on market: 1/21/2026
Cumulative days on market: 70 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Total actual rent: 24300

Price history

Date	Event	Price
5/14/2026	Sold	$2,700,000-6.9%$347/sqft
Source: CRMLS #SB26013773 Report a problem
1/21/2026	Listed for sale	$2,900,000-24.7%$373/sqft
Source: CRMLS #SB26013773 Report a problem
3/17/2025	Listing removed	$1,595
Source: Zillow Rentals Report a problem
2/25/2025	Listed for rent	$1,595
Source: Zillow Rentals Report a problem
2/24/2025	Listing removed	$1,595
Source: Zillow Rentals Report a problem
1/11/2025	Listed for rent	$1,595-8.9%
Source: Zillow Rentals Report a problem
1/3/2021	Listing removed	--
Source: Zillow Rental Network_1 Report a problem
10/20/2020	Price change	$1,750-7.7%
Source: Go Section8 Report a problem
9/12/2020	Price change	$1,895-2.8%
Source: Go Section8 Report a problem
8/26/2020	Listed for rent	$1,950+39.3%
Source: Go Section8 Report a problem
7/15/2020	Listing removed	$3,850,000$495/sqft
Source: Marcus & Millichap #PW20073382 Report a problem
4/14/2020	Listed for sale	$3,850,000$495/sqft
Source: Marcus & Millichap #PW20073382 Report a problem
3/3/2020	Listing removed	$1,400
Source: Go Section8 Report a problem
2/9/2020	Price change	$1,400-20%
Source: Go Section8 Report a problem
12/31/2019	Price change	$1,750+6.1%
Source: Go Section8 Report a problem
12/21/2019	Listed for rent	$1,650+3.1%
Source: Go Section8 Report a problem
10/10/2019	Listing removed	$1,600
Source: Go Section8 Report a problem
7/6/2019	Listed for rent	$1,600+3.2%
Source: Go Section8 Report a problem
5/15/2019	Listing removed	$1,550
Source: Go Section8 Report a problem
2/22/2019	Price change	$1,550-20.5%
Source: Go Section8 Report a problem
1/17/2019	Price change	$1,950+8.3%
Source: Go Section8 Report a problem
12/13/2018	Price change	$1,800+24.1%
Source: Go Section8 Report a problem
11/29/2018	Price change	$1,450-19.4%
Source: Go Section8 Report a problem
10/17/2018	Listed for rent	$1,800+64.4%
Source: Go Section8 Report a problem
12/19/2017	Listing removed	$1,095
Source: Zillow Rental Manager Report a problem
12/1/2017	Listed for rent	$1,095
Source: Zillow Rental Manager Report a problem