1111 Pine Avenue
Long Beach, CA 90813
Listing broker / agent: Marcus & Millichap RE Invest · Tyler Leeson · tleeson@marcusmillichap.com · CRMLS
MLS # OC26199510 · Last checked Oct 20, 2026 02:22 UTC
About this property
1111 Pine Avenue is a 12-unit multifamily investment opportunity located in Long Beach, California. Built in 1922, 1111 Pine Avenue features a unit mix of 7 studios and 5 1-bed/1-bath units totaling approximately 6,142 square feet of net rentable area. The property offers a gated central courtyard, on-site laundry facility and 4 garage parking spaces. The property has benefited from extensive improvements under current ownership, with most units substantially renovated as vacancies occurred over roughly the last decade. Five units have been recently renovated with all-new kitchens and bathrooms, including 4 currently vacant units whose renovations were just completed and are positioned to be leased at current market rental rates. Renovated interiors feature a mix of updated cabinetry, countertops and flooring as well as recessed lighting, with finishes varying by unit. Ownership has also invested in the building’s major systems, including new copper plumbing and updated electrical. Together with the extensive interior renovation history, these improvements represent meaningful capital investment in the property and provide a stronger physical foundation for future ownership. Current rents remain below prevailing market levels, providing additional long-term income growth potential. More immediately, the 4 newly renovated vacant units allow an incoming owner to establish market rents on one-third of the property at acquisition. Combined with the substantial improvements already completed throughout the building, 1111 Pine Avenue offers a compelling balance of current condition, near-term lease-up potential and longer-term rental upside.
Property details
- MLS number
- OC26199510
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.17 acres
- County
- Los Angeles
- Year built
- 1922
More property detailsCollapse
Listing
- Days on market
- 0
Building
- Year built
- 1922
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 4
- Garage spaces
- 4
- Pool
- None
- Lot features
- Street Level
- Lot size source
- Assessor
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Curbs, Gutters, Street Lights, Sidewalks
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Renaissance High School for the Arts Long Beach Unified · Long Beach | 9–12 | 0.3 mi |
| Jenny Oropeza Elementary Long Beach Unified · Long Beach | K–5 | 0.3 mi |
| Intellectual Virtues Academy (school website, opens in a new tab) Los Angeles County Office of Education · Long Beach | 9–12 | 0.6 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.6 mi |
| Edison Elementary Long Beach Unified · Long Beach | K–5 | 0.6 mi |
| Stevenson Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Polytechnic High Long Beach Unified · Long Beach | 9–12 | 0.7 mi |
| Clear Passage Educational Center (school website, opens in a new tab) Long Beach Unified · Long Beach | 9–12 | 0.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,125,000
- MLS-reported original asking price
- $2,125,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:53 | $2,125,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
108 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 03:26 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗