1111 Pine Avenue, Long Beach, CA 90813
Local realty services provided by:CENTURY 21 Affiliated
1111 Pine Avenue,Long Beach, CA 90813
$2,125,000
- - Beds
- - Baths
- 6,142 sq. ft.
- Multi-family
- Active
Listed by: tyler leeson
Office: marcus & millichap re invest949-419-3200
MLS#:OC26199510
Source:CRMLS
Price summary
- Price:$2,125,000
- Price per sq. ft.:$345.98
About this home
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....
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Home facts
- Year built:1922
- Subdivision & Development:Other
- Listing ID #:OC26199510
- Added:49 day(s) ago
- Updated:October 31, 2026 at 12:44 PM
Rooms and interior
- Living area:6,142 sq. ft.
Structure and exterior
- Year built:1922
- Building area:6,142 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Street Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,125,000
- Price per sq. ft.:$345.98
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
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