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1111 Pine Avenue

Long Beach, CA 90813
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Bed 1

Bed

Bath 2

Bath

Acres0.17

Acre(Lot)

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, coun tertops 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,125,000

AD Id : 91180320

MLS Id : OC26199510

Beds : 1

Lot Size : 0.17 Acre

Year Built : 1922

Garage : 4

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1922
    Building Area Total: 6142
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.17 Lot Size Acres: 0.17 Lot Size Source: Assessor Lot Size Square Feet: 7,405 Lot Description: StreetLevel

    Property Information

    Subdivision: Other Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 104

  • Listing Price Information

    Listing Price: $2125000
    Cash, CashToNewLoan, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 7273005038 Tax Lot: 17 Tax Block: 4

  • Parking Information

    Parking Total: 4

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Cross Streets of Pine Avenue & East 10th Street WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1083 Gaviota Avenue, Long Beach, CA, 90813 $2,348,000 18 10 -- 6,114 Sqft
1025 Gaviota Avenue, Long Beach, CA, 90813 $2,250,000 16 16 -- 6,085 Sqft
1071 N Almond Court, Long Beach, CA, 90813 $888,000 8 5 -- 4,257 Sqft
753 Cerritos Avenue, Long Beach, CA, 90813 $2,900,000 18 18 -- 7,338 Sqft
1071 Olive, Long Beach, CA, 90813 $1,450,000 12 6 -- 6,517 Sqft
1136 Linden Avenue, Long Beach, CA, 90813 $1,630,000 3 -- -- 7,273 Sqft
1425 Cedar Avenue, Long Beach, CA, 90813 $2,045,000 3 2 -- 0.15 Acre
1211 Magnolia Avenue, Long Beach, CA, 90813 $3,200,000 1 1 -- 8,737 Sqft
920 N Park, Long Beach, CA, 90813 $1,595,000 7 -- -- 7,316 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/12/2026 @ 17:17

MLS: OC26199510 LISTED BY: Tyler Leeson, Marcus & Millichap RE Invest 949-419-3200 SOURCE: CRMLS

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