5355 Pine Avenue, Long Beach, California 90805, Long Beach, 90805 - bed, bath
ACTIVE$1,290,000
5355 Pine Avenue, Long Beach, California 90805
0Bed
0Bath
2,855Sqft
7,052Lot
Year Built
1953
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$452
HOA
-
Days on market
-
Sold On
-
MLS number
OC25160185
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.29M(81th), sqft - 2855(84th), beds - undefined(50th), baths - undefined(50th).
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.
Price History
Date
Event
Price
07/25/25
Listing
$1,290,000
Condition Rating
Fair
The property was built in 1953, making it over 70 years old. While the exterior appears to be maintained, there are no interior images provided to assess the condition of the kitchen, bathrooms, flooring, or other critical interior components. The description mentions 'upside potential in rents,' which often suggests that the current units are functional but likely dated and could benefit from modern updates to command higher rental income. Without evidence of recent extensive renovations, and considering its age, the property likely has functional but outdated systems and finishes, aligning with a 'Fair' condition score.
Pros & Cons
Pros
Immediate Income & Full Occupancy: The property is 100% tenant occupied, providing immediate and stable rental income for investors from day one.
Strong Rental Market & Location: Located in a residential neighborhood with good rental demand, and convenient access to shopping, employment centers, and freeways, enhancing tenant appeal and stability.
Rent Upside Potential: Explicitly noted upside potential in rents, allowing for future income growth and increased return on investment.
ADU Conversion Potential: The possibility to convert the garage into an Accessory Dwelling Unit (ADU) offers significant value-add and additional income stream potential.
Family-Friendly Proximity: Situated directly across the street from Addams Elementary School, which can be a strong draw for families seeking rental housing.
Cons
Age of Property: Built in 1953, the property is older, which may imply dated systems, potential for deferred maintenance, and higher renovation costs compared to newer constructions.
ADU Conversion Contingency: While offering potential, the ADU conversion is not guaranteed and requires checking with the City of Long Beach for guidelines and permissibility, adding an element of uncertainty and effort.
Limited Bathroom Count: Each of the three 2-bedroom units has only one bathroom, which may be less appealing to some modern renters or families who often prefer more bathrooms for a 2-bedroom layout.