5355 Pine Avenue, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
This Value-Add Triplex Asset is listed at $1,290,000, reflecting the strong rental demand and strategic location across from Addams Elementary School. While currently positioned near its $1,214,034 Fair Market Value, the property’s Condition Rating of 4 presents a clear opportunity for forced appreciation through modernization and a potential garage-to-ADU conversion. With three 2-bedroom units and 100% occupancy, the asset ensures immediate cash flow while offering significant long-term ROI potential. This is a prime acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5355 Pine Avenue Subject | $1,290,000* List Price | 0 | 0 | 2,855 | $425 | - |
A 6001 California Avenue Sold | $1,000,000 | 0 | 0 | 3,115 | $321 | 0.9 mi |
B 195 E Hullett Street Sold | $930,000 | 0 | 0 | 2,290 | $406 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this triplex is functional and fully occupied but shows signs of aging infrastructure typical of its era. Marketed as a 'value-add' investment with 'upside potential,' the property likely features dated kitchens and bathrooms. While maintained enough for occupancy, it lacks recent major renovations and requires modernization to reach current market standards.
The property offers significant upside through potential rent increases and the opportunity to convert the existing garage into an Accessory Dwelling Unit (ADU), maximizing long-term ROI.
Situated directly across from Addams Elementary School and near major freeways and shopping centers, the location ensures high rental demand and convenience for tenants.
The triplex features a consistent mix of three 2-bedroom, 1-bathroom units, which is a highly marketable configuration for families and long-term renters in the Long Beach area.
Built in 1953, the property may require capital improvements or modernization of major systems to maintain competitiveness and meet modern efficiency standards.
With the property currently 100% tenant-occupied, the new owner faces limitations on immediate renovations or the ability to reset all units to market-rate rents simultaneously.
ATTENTION INVESTORS! This triplex investment property opportunity has a unit mix of three 2-bedroom, 1-bathroom units. It is located in a residential neighborhood with good rental demand. There is upside potential in rents and the possibility to convert the garage into an accessory dwelling unit (ADU). (Check with the City of Long Beach for their ADU garage conversion guidelines and permissibility.) This property is across the street from Addams Elementary School and is convenient to shopping, employment centers, and freeway access. The property is currently 100% tenant occupied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,855 | 1,743 | 84% |
| Lot Size | 7,052 | 5,384 | 80% |
| Price | $1.29M | $845.0K | 84% |
| Price per sq ft | $452 | $516 | 32% |
| Built year | 1953 | 1948 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 210 | 16% |
Jan 8, 2026
$1,290,000
Initial Listing