Just Listed: 9-Unit Income Property in
Long Beach!
Long Beach, CA
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About this home
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.
Property features
A closer look
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What it costs each month
Loan amount $1,756,000. Tax rates vary by district — adjust the figure above to match this address.
- Principal & interest
- $11,099
- Property tax
- $2,286
- Insurance
- $640
An estimate for illustration only, not a loan offer, quote or approval. The interest rate above is a starting figure we picked, not a current market rate and not one you have been offered — change it to a rate you have actually been quoted. Tax and insurance are estimates too. Actual payments depend on your lender, your credit and the final assessments. Speak to a lender for figures you can rely on.
Where you'll live
5333 Pine Avenue, Long Beach, CA 90805
Neighborhood
- Addams Elementary School382 ft
- Dooley Elementary School0.40 mi
- Lindbergh Middle School0.60 mi
- Barton Elementary0.91 mi
- Jordan High School1.4 mi
- Los Eduardo's0.29 mi
- Bebe's Diner0.45 mi
- Black Ring Coffee Roasters0.28 mi
- IHOP1.0 mi
- George's 50s Diner1.2 mi
- Burton W. Chace Park0.20 mi
- South Street Parkway0.56 mi
- Atlantic Plaza Park0.61 mi
- 51st Street Greenbelt0.64 mi
- Scherer Park0.71 mi
Adela Randazzo
Realtor
Keller Williams Realty
License 01954846
