Triplex with Studio
For Sale
$850,000
1601 Pine, Long Beach, CA 90813
A three-unit residential income property offers a mix of two-bedroom apartments and a studio.
Property Size2,342 SF
Price / SF$362.94
Days on Market86
Property Features for 1601 Pine
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Duplex
Site & Location
Neighborhood
Washington School
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x Studio/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,342 SF
Year Built
1910
Listing Agency:
Coldwell Banker
Listed By:
Shim Real Estate
(310) 486-7197
Source:
Shimrealestate
Added: Aug 8
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker
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Investment Insights
Based on property information with market context.
This 2,342-square-foot triplex, built in 1910, contains three residences: two two-bedroom, one-bath units and one studio with one bath. The configuration combines two bedroom layouts with a smaller studio unit.
Located at 1601 Pine in Long Beach, the property is on a corner lot with access to nearby local retail and a freeway. Downtown Long Beach is also accessible from the property.
Located at 1601 Pine in Long Beach, the property is on a corner lot with access to nearby local retail and a freeway. Downtown Long Beach is also accessible from the property.
Key Highlights
- Three units: two two‑bedroom/one‑bath residences and one studio with one bath
- 2,342 square feet
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,830
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,600
$1.1M
Cap Rate 7%
$769,000
$769.0K
Cap Rate 9%
$598,111
$598.1K
Market Conditions
NOI Build-Up for 2,342 SF
Gross rent
$80.1K $34.20/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$76.9K $32.84/SF
− OpEx
−$23.1K −$9.85/SF
NOI
$53.8K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,600
Cap Rate 7%
$769,000
Cap Rate 9%
$598,111
Alternative Uses
Best Use
Multifamily LT 5
$769.0K
$672.9K – $897.2K
NOI $53,830 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$708.7K
$620.1K – $826.8K
NOI $49,607 @ 7.0% cap · market cap 5.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,636
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A three-unit residential income property offers a mix of two-bedroom apartments and a studio.
Where is this triplex located?
The property is located at 1601 Pine Long Beach, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three units: two two‑bedroom/one‑bath residences and one studio with one bath; 2,342 square feet; Built in 1910
