5355 Pine Avenue, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$1,290,000$2,855/sqft
5355 Pine Avenue, Long Beach, California 90805
0Bed
0Bath
2,855Sqft
7,052Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Property: This triplex offers a stable income stream with three 2-bedroom, 1-bathroom units, ideal for investors seeking immediate cash flow.
Top Cons:
Property Age: Built in 1953, the property may require future capital expenditures for system updates or deferred maintenance common in older buildings.
Compared to the nearby listings
Price:$1.29M vs avg $965.0K (+$325,000)83%
Size:2,855 sqft vs avg 1,905 sqft77%
Price/sqft:$452 vs avg $48840%
More Insights
Built in 1953 (73 years old).
Condition: Built in 1953, this triplex is an older property. While the exterior appears maintained, it is clearly dated. Crucially, no interior images are provided, making a direct assessment of kitchen and bathroom conditions, appliances, flooring, and other interior features impossible. However, the listing's focus on 'investor opportunity' with 'upside potential in rents' and the property analysis noting 'future capital expenditures for system updates or deferred maintenance' strongly suggest that the interiors, though functional (being 100% tenant-occupied), are likely outdated and would require significant cosmetic and system updates to achieve higher market rents. This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor to moderate updates are required.
Year Built
1953
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
OC26005118
Home ConditionFair
Features
View-
About this home
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.
B
Ben Lara
Listing Agent
Condition Rating
Fair
Built in 1953, this triplex is an older property. While the exterior appears maintained, it is clearly dated. Crucially, no interior images are provided, making a direct assessment of kitchen and bathroom conditions, appliances, flooring, and other interior features impossible. However, the listing's focus on 'investor opportunity' with 'upside potential in rents' and the property analysis noting 'future capital expenditures for system updates or deferred maintenance' strongly suggest that the interiors, though functional (being 100% tenant-occupied), are likely outdated and would require significant cosmetic and system updates to achieve higher market rents. This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor to moderate updates are required.
Pros & Cons
Pros
Investment Property: This triplex offers a stable income stream with three 2-bedroom, 1-bathroom units, ideal for investors seeking immediate cash flow.
Market Demand: Located in a residential neighborhood with good rental demand, ensuring consistent occupancy and tenant attraction.
Value-Add Opportunity: Significant upside potential exists through the conversion of the garage into an Accessory Dwelling Unit (ADU), increasing rental income and property value.
Financial Growth: The property presents clear opportunities for rent increases, allowing for enhanced cash flow and return on investment.
Strategic Location: Conveniently situated across from Addams Elementary School, with easy access to shopping, employment centers, and major freeways, appealing to a broad tenant base.
Cons
Property Age: Built in 1953, the property may require future capital expenditures for system updates or deferred maintenance common in older buildings.
Renovation Limitations: Currently 100% tenant occupied, limiting immediate opportunities for extensive renovations or unit upgrades without tenant turnover.
Regulatory Uncertainty: The ADU conversion potential is contingent upon City of Long Beach guidelines and approval, introducing a level of regulatory uncertainty and additional planning.