1601 Pine, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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1601 Pine
Long Beach, California 90813
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,342Sq Ft
4,924Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$891,842
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well below the $891,842 Fair Market Value by 4%. This valuation gap offers $41,842 in Instant Equity for buyers. With a Condition Rating of 5, the property requires a full rehab to modernize its 1910 infrastructure. The versatile unit mix and transit-oriented location ensure strong rental demand. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add house-hacking project.
Estimated Market Value
$891,842+$41,842 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1601 Pine Subject | $850,000* List Price | 0 | 0 | 2,342 | $381 | - |
A 411 E 8th Sold | $800,000 | 0 | 0 | 1,768 | $452 | 0.8 mi |
B 1364 Cherry Sold | $970,000 | 0 | 0 | 2,544 | $381 | 0.3 mi |
C 1403 Elm Active | $849,000 List Price | 0 | 0 | 2,276 | $373 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1910 with no mention of recent renovations to kitchens, bathrooms, or major systems in the description. Given the age of over 100 years and the visible deferred maintenance on the exterior/landscaping, the property likely requires a full rehab to address outdated systems and potential structural/safety issues.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property features a versatile unit mix of two 2-bedroom units and one studio on a corner lot, offering multiple revenue streams or a house-hacking opportunity for an owner-occupant.
- Prime Transit-Oriented Location
Situated near Downtown Long Beach with convenient access to local retail and major freeways, this location ensures high tenant demand and ease of commuting.
- Proximity to Schools
The property is located within walking distance of several schools, including Washington Middle School and Polytechnic High School, making it attractive for families.
CONSRISKS & DEFICIENCIES
- Historic Building Maintenance
Built in 1910, the property may require significant capital expenditures for modernizing aging infrastructure, such as electrical, plumbing, or foundation systems.
- Variable School Ratings
While the property is close to schools, the assigned high school has a lower performance rating, which could impact long-term resale value or appeal to certain tenant demographics.
About 1601 Pine
Great income Property three units on corner lot. Live in one and rent the other two units. The property features an attractive units mix of two 2- bedroom/1bath and one Studio and 1bath. The transit-oriented location provide convenient access to Downtown Long Beach, local retail and freeway near by.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1910
- Lot Size
- 4,924 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.4 mi
7/10
International Elementary School
Grades K-5 • 0.8 mi
7/10
Lafayette Elementary School
Grades K-5 • 1.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,342 | 2,300.724 |
| Lot Size | 4,924 | 5,277.379 |
| Price | $850.0K | $1.24M |
| Price per sq ft | $363 | $513 |
| Built year | 1910 | 1949 |
| HOA | $0 | $0 |
| Days on market | 32 | 74 |
Pricing History
Listed for Sale
Aug 8, 2026
$850,000
Initial Listing