Multifamily Property with
For Sale
$2,195,000
5333 Pine Avenue, Long Beach, CA 90805
Built in 1962, the property offers garage and on-street parking in a multifamily setting.
Property Size6,941 SF
Days on Market27
Property Features for 5333 Pine Avenue
General Information
Standard status
Active
Size
6,941 SF
Property subtype
Apartment
Site & Location
Neighborhood
Addams
Taxes and HOA fees
Annual Taxes
$18,693
Building Details
Building Size
6,941 SF
Year Built
1962
Listing Agency:
Keller Williams Realty
Listed By:
Adela Randazzo · License #01954846
(310) 480-7359
Source:
Truthrealty
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 28 at 6:18PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1962 and includes a garage, with additional on-street parking. Its LBR34 zoning designation is also identified in the property information.
The property is at 5333 Pine Avenue in Long Beach, with Del Amo Boulevard and Long Beach Boulevard identified as cross streets. Directions describe access from the 91 Freeway via Atlantic Avenue and 53rd Street.
The property is at 5333 Pine Avenue in Long Beach, with Del Amo Boulevard and Long Beach Boulevard identified as cross streets. Directions describe access from the 91 Freeway via Atlantic Avenue and 53rd Street.
Key Highlights
- Built in 1962
- Garage and on‑street parking
- Zoned LBR34
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,935
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,700
$2.3M
Cap Rate 7%
$1,656,214
$1.7M
Cap Rate 9%
$1,288,167
$1.3M
Market Conditions
NOI Build-Up for 6,941 SF
Gross rent
$220.7K $31.80/SF
− Vacancy
−$9.9K −$1.43/SF
EGI
$210.8K $30.37/SF
− OpEx
−$94.9K −$13.67/SF
NOI
$115.9K $16.70/SF
Area
ZIP 90805
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,318,700
Cap Rate 7%
$1,656,214
Cap Rate 9%
$1,288,167
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $115,935 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,528 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
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Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1962, the property offers garage and on-street parking in a multifamily setting.
Where is this multifamily property located?
The property is located at 5333 Pine Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Built in 1962; Garage and on‑street parking; Zoned LBR34
