Opening page…
Closed
- Listed price
- $1,699,000
- Listed Feb 21, 2023
- Sold price
- $1,620,000
- Sold Jun 20, 2023
6,740 sqft lot|1940 Built|62 MLS days on market
1952 Pine Ave, Long Beach, CA 90806
Property Description
We are pleased to present the opportunity to purchase a rare, value-add offering that is cash flowing at a current 5.24% Cap Rate. The high cash flow provides a buyer the opportunity to purchase at a 60%+ LTV. Pine Ave consists of six units that have large floor plans situated on a 6,740 sq ft lot. Additionally, there is significant upside potential to add an additional two ADU units, and to utilize the two common courtyards for tenant amenities. 1952 Pine also benefits from four single car garages which are a commodity in Long Beach. Located near Downtown Long Beach, and proximate to the 710 & 405 Freeways, this is a strong rental location that will benefit a first time or seasoned investor. Note - the property consists of large 1bedroom units which operate as 2bedroom units.
Listing agent: Shane YoungDRE #01963090Shane@YoungLewin.com, Listing office: Younglewin Advisors, Inc.
MLS data updated 10/24/2026, 3:48:40 AM PT
Source: CRMLSMLS #: PW23021166
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,620,000
Jun 20, 2023
Available records22023
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,620,000Closed sale · Jun 20, 2023ZIP 90806 · Jun 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsFeb 21, 2023 – Jun 20, 2023
ZIP 90806 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.