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1754 Pine Ave, Long Beach, CA 90813
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1754 Pine Ave Long Beach, CA 90813

$2,975,000 Sold Price as of 12/13/2022
  • 18 Beds
  • 12 Baths
  • 8,532 Sq.Ft.
Sold
$2,975,000 Sold Price as of 12/13/2022 Refinance Your Mortgage
Map preview of 1754 Pine Ave, Long Beach, CA 90813

Property Overview: 1754 Pine Ave Long Beach, CA has 18 bedrooms, 12 bathrooms, 8,532 living square feet and 7,567 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1754 Pine Ave is a unique 11 unit opportunity located in Long Beach, CA. The subject property boasts a fantastic unit mix consisting of five (5) 1-bedroom/1-bathroom, four (4) 2-bedroom/1-bathroom, one (1) 2-bedroom/2-bathroom, and one (1) 3-bedroom/2-bathroom units. There is potential for one (1) 1-bedroom/1-bathroom ADU (potential 12 total). Recent upgrades and replacements include stucco, windows, doors, exterior lighting, electrical, plumbing, garage doors, washer and dryer, walkways and stairs, landscaping and renovated units. 1754 Pine Ave features 6 garages, 2 additional parkings spaces, and an on-site laundry facility. The tenants also enjoy close access to freeways and public transportation making commutes much easier.

Listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 3 minutes ago | Last updated: December 13th, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
7,567
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB22185886
City
Long Beach
County
Los Angeles
Time on Site
748 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,650
  • Total Rent: $1,650
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.36%
  • Gross Rent Multiplier: 14.39
  • Gross Scheduled Income: $215,388
  • Net Operating Income: $135,151
  • Gross Operating Income: $208,926
  • Vacancy Allowance: $6,462
Annual Expense Breakdown
  • Total Operating Expense: $73,775
  • Electric: $2,475
  • Gas/Fuel: $2,475
  • New Taxes: $38,750
  • Trash: $2,475
  • Gardener: $1,200
  • Insurance: $4,540
  • Maintenance: $8,616
  • Professional Management: $10,769
  • Water/Sewer: $2,475

Property Details for 1754 Pine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Garage Faces Front, Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7269010007
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Washington
  • Directions: On Pine Avenue, Between
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1754 Pine Ave

Last sold for $2,975,000 on December 13th, 2022

  • December, 2022

  • Dec 13, 2022

    Date

    Sold

    CRMLS: SB22185886

    $2,975,000

    Price

  • Aug 23, 2022

    Date

    Active

    CRMLS: SB22185886

    $3,100,000

    Price

  • May, 2017

  • May 12, 2017

    Date

    Sold (Public Records)

    Public Records

    $2,287,500

    Price

  • April, 2016

  • Apr 22, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,300,000

    Price

Show More

Tax History for 1754 Pine Ave

Assessed Value (2020): $2,427,512
Year Land Value Improved Value Assessed Value
2020 $636,724 $1,790,788 $2,427,512

Home Value Compared to the Market

This property vs the competition

1754 Pine Ave sold on December 13, 2022 for 278.51% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $363.34 per/sqft which puts the price per square foot 42.14% lower than the current median sale per square foot for the city of Long Beach.

About 1754 Pine Ave

Detailed summary of property

1754 Pine Ave is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 18 bedrooms, 12 bathrooms, roughly 8,532 living square feet, and sits on an approximately 7,567 square foot lot. 1754 Pine Ave was first listed on ArdentRealEstateGroup.com on September 2, 2022. The homeowner sold the property for $2,975,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 278.51% higher than the current median priced home. Local homes that are currently for sale include 1660 Park Ave, 263 Corona Avenue and 263 Corona Ave. While the average home in Long Beach, CA is selling in 62 days, 1754 Pine Ave has a days on market of 20 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1754 Pine Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1754 Pine Ave

Public county record property details
Beds
17
Baths
11
Year built
1964
Sq. Ft.
8,532
Lot Size
7,566
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7269-010-007

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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