About 5333 Pine Avenue
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.
Features of 5333 Pine Avenue
| MLS® # | SB26215233 |
|---|---|
| Price | $2,195,000 |
| Bedrooms | 20 |
| Bathrooms | 9.00 |
| Acres | 0.17 |
| Year Built | 1962 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 5333 Pine Avenue |
|---|---|
| Area | 7 - North Long Beach |
| Subdivision | North Long Beach (NLB) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90805 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 6 |
| Parking | Door-Single, Garage, On Street |
| # of Garages | 6 |
| Garages | Door-Single, Garage, On Street |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Corner Lot, Over 40 Units/Acre, Rectangular Lot |
| Construction | Stucco |
Additional Information
| Date Listed | October 2nd, 2026 |
|---|---|
| Days on Market | 10 |
| Zoning | LBR34 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adela Randazzo |
|---|---|
| Office | Keller Williams Realty |