Address
1111 Pine Avenue, Long Beach, CA
Price
$ 2,125,000
Property Attributes
- MLS#OC26199510
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodOther
- Zip90813
- Style
- Year Built1922
- Price$ 2,125,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage6142
- Lot Size0.17 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
1111 Pine Avenue is a 12-unit multifamily investment opportunity located in Long Beach, California. Built in 1922, 1111 Pine Avenue features a unit mix of 7 studios and 5 1-bed/1-bath units totaling approximately 6,142 square feet of net rentable area. The property offers a gated central courtyard, on-site laundry facility and 4 garage parking spaces. The property has benefited from extensive improvements under current ownership, with most units substantially renovated as vacancies occurred over roughly the last decade. Five units have been recently renovated with all-new kitchens and bathrooms, including 4 currently vacant units whose renovations were just completed and are positioned to be leased at current market rental rates. Renovated interiors feature a mix of updated cabinetry, countertops and flooring as well as recessed lighting, with finishes varying by unit. Ownership has also invested in the building’s major systems, including new copper plumbing and updated electrical. Together with the extensive interior renovation history, these improvements represent meaningful capital investment in the property and provide a stronger physical foundation for future ownership. Current rents remain below prevailing market levels, providing additional long-term income growth potential. More immediately, the 4 newly renovated vacant units allow an incoming owner to establish market rents on one-third of the property at acquisition. Combined with the substantial improvements already completed throughout the building, 1111 Pine Avenue offers a compelling balance of current condition, near-term lease-up potential and longer-term rental upside.
| Price History | |
|---|---|
| 9/11/2026 | Listed $2,125,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Garage Spaces | 4 |
| Pool Features | None |
| Year Built | 1922 |
| Property Subtype | Apartment |
| Gross Income | 199776 |
| Community Features | Curbs,Gutter(s),Street Lights,Sidewalks |
| County | Los Angeles |
| Net Operating Income | 113335 |
| Operating Expense | 80529 |
| Insurance Expense | 10200 |
| New Construction | false |
| Property Type | Residential Income |
| MaintenanceExpense | 10200 |
| Subdivision Name | Other |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Cross Streets of Pine Avenue & East 10th Street |
| City | Long Beach |
| Entry Location | First level |
| Senior Community Y/N | false |
| Number Of Units Total | 12 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Acres |
| Lot Size Square Feet | 7405.2 |
| Listing Terms | Cash,Cash to New Loan,Conventional,1031 Exchange |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 926 |
| Fuel Expense | 4360 |
| Trash Expense | 4360 |
| Water Sewer Expense | 4360 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 17 |
| Property Sub Type Additional | Apartment |
| Taxes | 26968 |
| Cap Rate | 5.33 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | No Common Walls |
| Laundry Features | Common Area |
| Entry Level | 1 |
Exterior Features
| Lot Features | Street Level |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 0.17 |
| Number of Buildings | 1 |
| Building Area Total | 6142 |
| Lot Size Acres | 0.17 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 12 |
| Number of Separate Electric Meters | 12 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90813
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 21, 2026 10:38 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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MetroList CA data last updated: September 21, 2026 10:07 AM UTC 