2553 Pine Avenue, Long Beach, California 90806, Long Beach, 90806 - 4 bed, 3 bath
Loading property details...
Long Beach, California 90806
This Recently Renovated Craftsman is a Strong Value Opportunity listed at $996,750—positioned well below the $1,067,474 Fair Market Value by 6%. This valuation gap provides $70,724 in Instant Equity. Boasting a Turnkey Condition Rating, the home features a remodeled kitchen, modern bathrooms, and a versatile bonus room. The attached garage with alley access offers prime ADU Potential for rental income. Located near the 8-rated Lafayette Elementary, this property is an ideal acquisition for Owner-Occupants or Multi-generational Families looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2553 Pine Avenue Subject | $950,000* List Price | 4 | 3 | 1,833 | $544 | - |
A 2186 Lime Avenue Sold | $850,000 | 3 | 2 | 1,526 | $557 | 0.7 mi |
B 2860 Chestnut Avenue Sold | $1,075,000 | 3 | 2 | 1,715 | $627 | 0.4 mi |
C 2451 Daisy Sold | $890,000 | 2 | 1 | 1,364 | $652 | 0.4 mi |
D 3148 Magnolia Active | $1,150,000 List Price | 4 | 4 | 2,106 | $546 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1962, the property has undergone an extensive recent renovation within the last few years. The interior features a fully remodeled kitchen with modern stainless steel appliances, updated cabinetry, and stone countertops. All three bathrooms have been renovated with contemporary finishes, and brand-new wood-look flooring has been installed throughout the home. The property is in turnkey condition with modern light fixtures and fresh paint, meeting the criteria for a recently renovated high-quality home.
The property features an attached garage with alley access, providing a prime opportunity for a large ADU conversion to generate rental income or offset mortgage costs.
The home is move-in ready with a fully remodeled kitchen, updated bathrooms with modern finishes, and brand-new flooring throughout, offering immediate comfort without the need for repairs.
With approximately 1,880 square feet of living space including a primary suite and a flexible bonus room, the floor plan accommodates various needs from home offices to multi-generational living.
The designated high school for this area carries a lower rating of 3, which may be a concern for families prioritizing top-tier public secondary education.
The property lacks any significant views of the surrounding landscape or city, which may be a drawback for buyers seeking the aesthetic appeal of the Long Beach skyline or coastal vistas.
Welcome to 2553 Pine Avenue, a beautifully updated Craftsman with Prime ADU & Income Potential in the desirable Wrigley neighborhood of Long Beach, offering not just charm and space, but a serious income opportunity. This spacious 3-bedroom, 3-bathroom home with a versatile bonus room spans approximately 1,880 square feet and has been thoughtfully updated throughout. Brand-new flooring flows through the inviting living spaces, anchored by a classic fireplace that adds warmth and character. The fully remodeled kitchen features sleek countertops, updated cabinetry, and stainless-steel appliances, perfect for both everyday living and entertaining. All three bathrooms have been tastefully renovated with modern finishes, and the generously sized primary suite offers a private retreat with its own ensuite bath. But what truly sets this property apart is the attached garage with alley access, making it an ideal candidate for a large ADU conversion (buyer to verify). Whether you're looking to generate rental income, offset your mortgage, create a multigenerational living setup, or maximize long-term investment value, the layout and lot configuration provide outstanding flexibility and upside potential. Enjoy indoor-outdoor living in the private backyard, perfect for gatherings, gardening, entertaining, and relaxing under the sun, making this a rare blend of move-in-ready comfort and a value-add opportunity. Located on a tree-lined street near parks, shopping, dining, and major freeway access, this property combines lifestyle, location, and income potential. This is an increasingly rare find in Long Beach. Live in 1 and rent out the other. Build equity faster. Opportunities like this don't last.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 86% |
| Baths | 3.0 | 2.0 | 88% |
| Square foot | 1,833 | 1,364 | 95% |
| Lot Size | 4,993 | 5,976 | 30% |
| Price | $950.0K | $828.0K | 86% |
| Price per sq ft | $518 | $627 | 30% |
| Built year | 1962 | 1940 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 163 | 19% |
Apr 10, 2026
$950,000
$996,750
-5% Price Drop
Initial Listing
Feb 16, 2026
$996,750
Initial Listing