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    2032 Pine Ave Long Beach, CA 90806

    For Sale
    $1,668,000

    Eight-unit multifamily property in Long Beach with rental upside.

    Lot size:
    0.17 Acres

    Property Features for 2032 Pine Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1948

    Source: Steven M. Bogoyevac, Broker Agent Steven Bogoyevac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Beach Multifamily Investment Property

    Located in Long Beach, California, 2032 Pine Avenue is an eight-unit multifamily investment property constructed in 1948. The property features a gated lot with a single-story fourplex and a rear two-story building that includes two units above two new ADUs. The unit mix comprises four one-bed/one-bath units, three two-bed/one-bath units, and one two-bed/two-bath unit. Each unit is separately metered for gas and electricity. On-site laundry facilities are also available. Situated on the border of the Wrigley and Poly High neighborhoods, the property is proximate to retail, with a WalkScore of 84, and the Metro Blue Line. The area is characterized as a dense rental market with consistently low vacancy rates. Current rents present a new investor with a potential 14 percent rental upside. The property is offered for sale as part of a portfolio along with 1151 Pacific Avenue, a fourplex in Long Beach, and 1209 Olive Avenue, a six-unit building also in Long Beach. Properties are available separately or together.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1919925
    Latitude
    33.7941783

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Long Beach with rental upside.
    Where is this apartment building located?
    The property is located at 2032 Pine Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,668,000.
    What are key features of this property?
    This property features: - Eight-unit multifamily investment property with potential for increased rental income (14% rental upside).; - Includes **two brand new ADUs**, adding immediate value and rental potential.; - Located in a dense rental market with consistently low vacancy rates.
    (562) 257-1231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2032 Pine Ave Long Beach, CA 90806
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