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1755 Pine Ave, Long Beach, CA 90813
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1755 Pine Ave Long Beach, CA 90813

$1,068,270 Sold Price as of 08/04/2021
  • 11 Beds
  • 5 Baths
  • 3,777 Sq.Ft.
Sold
$1,068,270 Sold Price as of 08/04/2021 Refinance Your Mortgage
Map preview of 1755 Pine Ave, Long Beach, CA 90813

Property Overview: 1755 Pine Ave Long Beach, CA has 11 bedrooms, 5 bathrooms, 3,777 living square feet and 7,522 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Large 4 unit property in upper downtown Long Beach. Big 5 bedroom older separate home in front with 2 baths, and 3 newer 2 bedroom 1 bath units in back over the huge carport area.(built in 1989) Management company says house has 3 off-street parking and the units have 1 each, but the space looks much larger, and there is room to park cars on outside of fence to the parking area. The newer units in the back have granite counters and wood cabinets in the kitchen. Rents are under market.

Listed by Kathy Shasha | BRE #00911654 | Coldwell Banker Coastal Alliance
Last checked: 7 minutes ago | Last updated: November 16th, 2023 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
7,522
HOA Dues
$0/mo
Year built
1902
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
PW21085272
City
Long Beach
County
Los Angeles
Time on Site
1225 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,935
  • Total Rent: $1,935
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,180
  • Total Rent: $1,180
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,130
  • Total Rent: $1,130
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $65,760
  • Net Operating Income: $21,506
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $44,254
  • Electric: $227
  • Gas/Fuel: $0
  • Licenses: $210
  • New Taxes: $13,250
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $2,000
  • Maintenance: $1,728
  • Professional Management: $1,800
  • Water/Sewer: $1,684

Property Details for 1755 Pine Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7269009007
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: South of PCH on Pine Ave. Property on the right or West side of street
Neighborhood Information
  • Community Features: Curbs, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1755 Pine Ave

Last leased for $3,800 on November 14th, 2022

  • November, 2023

  • Nov 16, 2023

    Date

    Expired

    CRMLS: TR22242189

    $1,450,000

    Price

  • Nov 21, 2022

    Date

    Active

    CRMLS: TR22242189

    $1,495,000

    Price

  • Listing provided courtesy of CRMLS

    Great Price Improvement with great cash flow! Large 4-unit property in upper downtown Long Beach. Great unit mix that is rare to find. Front home features 5 bed 2.5 bath earlier built recently remodeled in 2022, and with 3 newer 2 bed 1 bath units in back, with granite counter tops located over the huge carport area with plenty of parking for guests or tenants (built in 1989). All tenants are MTM with rent way under market. Property completely gated with brand new wood fence in front young ones can play in front or backyard with ease and privacy. Conveniently located to 710 and 405 freeways. Possible room for an ADU. Perfect for owner user, first time investor or a 1031 Buyer. Current gross income of $96,132 in place, with proforma potential to be $132,000 yearly gross.

  • November, 2022

  • Nov 14, 2022

    Date

    Leased

    CRMLS: PW22225746

    $3,800

    Price

  • Oct 19, 2022

    Date

    Active

    CRMLS: PW22225746

    $3,800

    Price

  • Listing provided courtesy of CRMLS

    Explore this 5 bed 2.5 bath home that has recently been completely renovated. New gated front for property security, young ones can play in the front yard with ease or your private backyard. Second floor property features lookout view of the neighborhood. New gorgeous flooring throughout the property. Convenient to freeways 710 and 405. Shopping and transportation within walking distance. Laundry hookups in the home. Natural lighting through out the unit. Owner pays water and provided a stove and dishwasher for the property. Pets welcomed (fees may apply) Nearby locations: Downtown Anaheim, Anaheim Packing District, Anaheim Plaza, Target, Pearson Park, Citrus Park, Anaheim Highschool.

  • August, 2021

  • Aug 4, 2021

    Date

    Sold

    CRMLS: PW21085272

    $1,068,270

    Price

  • Jun 23, 2021

    Date

    Pending

    CRMLS: PW21085272

    $1,060,000

    Price

  • May 18, 2021

    Date

    Active Under Contract

    CRMLS: PW21085272

    $1,060,000

    Price

  • May 10, 2021

    Date

    Active

    CRMLS: PW21085272

    $1,060,000

    Price

  • Apr 30, 2021

    Date

    Hold

    CRMLS: PW21085272

    $1,060,000

    Price

  • Apr 22, 2021

    Date

    Active

    CRMLS: PW21085272

    $1,060,000

    Price

  • November, 2013

  • Nov 1, 2013

    Date

    Sold (Public Records)

    Public Records

    $640,000

    Price

  • March, 2013

  • Mar 11, 2013

    Date

    Sold (Public Records)

    Public Records

    $585,000

    Price

Show More

Tax History for 1755 Pine Ave

Assessed Value (2020): $717,367
Year Land Value Improved Value Assessed Value
2020 $224,176 $493,191 $717,367

Home Value Compared to the Market

This property vs the competition

1755 Pine Ave sold on August 4, 2021 for 29.43% 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 $280.65 per/sqft which puts the price per square foot 55.31% lower than the current median sale per square foot for the city of Long Beach.

About 1755 Pine Ave

Detailed summary of property

1755 Pine Ave is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 11 bedrooms, 5 bathrooms, roughly 3,777 living square feet, and sits on an approximately 7,522 square foot lot. 1755 Pine Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,068,270. 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 29.43% higher than the current median priced home. Local homes that are currently for sale include 702 Cedar Ave, 1125 E 17th St and 1132 E Arcadia Court. While the average home in Long Beach, CA is selling in 62 days, 1755 Pine Ave has a days on market of 15 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 1755 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 1755 Pine Ave

Public county record property details
Beds
11
Baths
5
Year built
1902
Sq. Ft.
3,777
Lot Size
7,522
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
7269-009-007

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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(714) 706-1823

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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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