1557 Pine Ave
Description
1557 Pine Avenue consists of three buildings: a fourplex, a freestanding house, and a rear building with a single unit above four single-car garages. The front fourplex offers two one-bed/one-bath and two two-bed/one-bath units that are all 924 square feet, and the...557 Pine Avenue, a six-unit apartment property in Long Beach, California. The property is located in Long Beach’s Washington neighborhood just south of Pacific Coast Highway and conveniently near the Metro Blue Line and the 710 Freeway.
1557 Pine Avenue consists of three buildings: a fourplex, a freestanding house, and a rear building with a single unit above four single-car garages. The front fourplex offers two one-bed/one-bath and two two-bed/one-bath units that are all 924 square feet, and the freestanding house is a 970-square foot unit with two bedrooms and one and one-half baths. All of the units are separately metered for gas and electricity. With a solid unit mix in a strong rental market, 1557 Pine Avenue presents an excellent opportunity for an investor to add value and capture substantial potential upside in rents. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
- Listed by Steven Bogoyevac • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker
Property Details for 1557 Pine Avenue
Property Details for 1557 Pine Avenue
| Status | Closed |
|---|---|
| MLS # | PW19028359 |
| Days on Market | 61 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1920 |
| Lot Size | 0.17 AC / 7,471 SF |
| County | Los Angeles County |
Location
Sold By BUCKINGHAM INVESTMENTS, MARTIN STONE, DRE #00416755
Building Information for 1557 Pine Avenue
Payment Calculator
$7,562 per month
30 year fixed, 6.15% Interest
$5,995
$1,567
$0
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1Property Information for 1557 Pine Avenue
- Gross Income: $84,300
- Gross Scheduled Income: $84,300
- Net Operating Income: $49,760
- Financing: Conventional
- Operating Expense: $32,011
- New Taxes Expense: $0
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $1,857
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $32,011
- Tax Tract Number: n/a
- Tax Census Tract: 5754.02
- Tax Lot: 9
- Community Features: Curbs, Sidewalks, Storm Drains
- Laundry: No
- Laundry Features: None
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Front Yard, Lawn
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Meter on Property
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Builders Tract Name: Downtown
- Builders Tract Code: Downtown (DT)
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,300
- Unit Type Total Rent: $2,300
- Unit Type Pro Forma: 2790
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,325
- Unit Type Total Rent: $2,325
- Unit Type Pro Forma: 3050
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,600
- Unit Type Total Rent: $1,600
- Unit Type Pro Forma: 1650
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $800
- Unit Type Total Rent: $800
- Unit Type Pro Forma: 850
- Unit Type Type: 4
- Rent Controlled: No
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
Property History for 1557 Pine Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 14, 2026 | Expired CRMLS #SB25185056 | $1,596,000 | — |
| Jan 13, 2026 | Expired CLAW #SB25185056MR | $1,596,000 | — |
| Jan 13, 2026 | Expired SDMLS #SB25185056 | $1,596,000 | — |
| Nov 14, 2025 | Price Change CLAW #SB25185056MR | $1,596,000 | — |
| Nov 14, 2025 | Listed (Active) CLAW #SB25185056MR | $1,595,000 | — |
| Nov 10, 2025 | Hold CRMLS #SB25185056 | — | |
| Nov 10, 2025 | Hold SDMLS #SB25185056 | $1,596,000 | — |
| Nov 5, 2025 | Price Change CLAW #SB25185056MR | $1,596,000 | — |
| Nov 5, 2025 | Price Change CRMLS #SB25185056 | $1,596,000 | — |
| Aug 18, 2025 | Hold CLAW #SB25185056MR | — | |
| Aug 18, 2025 | Listed (Active) CLAW #SB25185056MR | $1,595,000 | — |
| Aug 18, 2025 | Listed (Active) CRMLS #SB25185056 | $1,595,000 | — |
| Aug 18, 2025 | Listed (Active) SDMLS #SB25185056 | $1,595,000 | — |
| Jun 14, 2019 | Sold SDMLS #PW19028359 | $1,230,000 | — |
| Jun 14, 2019 | Sold CLAW #PW19028359MR | $1,230,000 | — |
| Jun 14, 2019 | Sold CRMLS #PW19028359 | $1,230,000 | — |
| Apr 11, 2019 | Sold (Public Record) Public Record #646084532 | $1,230,000 | — |
| Apr 8, 2019 | Pending CRMLS #PW19028359 | — | |
| Apr 8, 2019 | Pending CLAW #PW19028359MR | — | |
| Mar 6, 2019 | Price Change CRMLS #PW19028359 | $1,250,000 | — |
| Feb 21, 2019 | Price Change CRMLS #PW19028359 | $1,325,000 | — |
| Feb 6, 2019 | Listed (Active) SDMLS #PW19028359 | $1,365,000 | — |
| Feb 6, 2019 | Listed (Active) CLAW #PW19028359MR | $1,365,000 | — |
| Feb 6, 2019 | Listed (Active) CRMLS #PW19028359 | $1,365,000 | — |
| Oct 11, 2018 | Expired CRMLS #PW18068437 | $1,365,000 | — |
| Oct 10, 2018 | Expired CLAW #PW18068437MR | — | |
| Sep 4, 2018 | Price Change CRMLS #PW18068437 | $1,365,000 | — |
| Aug 2, 2018 | Price Change CRMLS #PW18068437 | $1,375,000 | — |
| Jul 18, 2018 | Price Change CRMLS #PW18068437 | $1,400,000 | — |
| May 20, 2018 | Price Change CRMLS #PW18068437 | $1,425,000 | — |
| Apr 6, 2018 | Price Change CRMLS #PW18068437 | $1,450,000 | — |
| Mar 28, 2018 | Listed (Active) CRMLS #PW18068437 | $1,500,000 | — |
| Mar 28, 2018 | Listed (Active) CLAW #PW18068437MR | $1,500,000 | — |
| Dec 19, 2012 | Expired CRMLS #P154675 | $275,950 | — |
| Jul 23, 2004 | Withdrawn / Cancelled CLAW #P369446MR | — | |
| Jul 23, 2004 | Withdrawn / Cancelled CRMLS #P369446 | $769,500 | — |
| Nov 17, 2003 | Listed (Active) CLAW #P369446MR | $769,500 | — |
| Nov 17, 2003 | Listed (Active) CRMLS #P369446 | $769,500 | — |
| Nov 17, 2003 | Listed (Active) CRMLS #CC214253 | $769,500 | — |
| Sep 9, 2000 | Expired CLAW #P154675MR | — | |
| Sep 11, 1999 | Listed (Active) CRMLS #P154675 | $275,950 | — |
| Sep 11, 1999 | Listed (Active) CLAW #P154675MR | $275,950 | — |
| Sep 11, 1999 | Listed (Active) CRMLS #CC205908 | $275,950 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/14/2026 | Expired CRMLS #SB25185056 | $1,596,000 |
| 01/13/2026 | Expired CLAW #SB25185056MR | $1,596,000 |
| 01/13/2026 | Expired SDMLS #SB25185056 | $1,596,000 |
| 11/14/2025 | Price Change CLAW #SB25185056MR | $1,596,000 |
| 11/14/2025 | Listed (Active) CLAW #SB25185056MR | $1,595,000 |
| 11/10/2025 | Hold CRMLS #SB25185056 | — |
| 11/10/2025 | Hold SDMLS #SB25185056 | $1,596,000 |
| 11/05/2025 | Price Change CLAW #SB25185056MR | $1,596,000 |
| 11/05/2025 | Price Change CRMLS #SB25185056 | $1,596,000 |
| 08/18/2025 | Hold CLAW #SB25185056MR | — |
| 08/18/2025 | Listed (Active) CLAW #SB25185056MR | $1,595,000 |
| 08/18/2025 | Listed (Active) CRMLS #SB25185056 | $1,595,000 |
| 08/18/2025 | Listed (Active) SDMLS #SB25185056 | $1,595,000 |
| 06/14/2019 | Sold SDMLS #PW19028359 | $1,230,000 |
| 06/14/2019 | Sold CLAW #PW19028359MR | $1,230,000 |
| 06/14/2019 | Sold CRMLS #PW19028359 | $1,230,000 |
| 04/11/2019 | Sold (Public Record) Public Record #646084532 | $1,230,000 |
| 04/08/2019 | Pending CRMLS #PW19028359 | — |
| 04/08/2019 | Pending CLAW #PW19028359MR | — |
| 03/06/2019 | Price Change CRMLS #PW19028359 | $1,250,000 |
| 02/21/2019 | Price Change CRMLS #PW19028359 | $1,325,000 |
| 02/06/2019 | Listed (Active) SDMLS #PW19028359 | $1,365,000 |
| 02/06/2019 | Listed (Active) CLAW #PW19028359MR | $1,365,000 |
| 02/06/2019 | Listed (Active) CRMLS #PW19028359 | $1,365,000 |
| 10/11/2018 | Expired CRMLS #PW18068437 | $1,365,000 |
| 10/10/2018 | Expired CLAW #PW18068437MR | — |
| 09/04/2018 | Price Change CRMLS #PW18068437 | $1,365,000 |
| 08/02/2018 | Price Change CRMLS #PW18068437 | $1,375,000 |
| 07/18/2018 | Price Change CRMLS #PW18068437 | $1,400,000 |
| 05/20/2018 | Price Change CRMLS #PW18068437 | $1,425,000 |
| 04/06/2018 | Price Change CRMLS #PW18068437 | $1,450,000 |
| 03/28/2018 | Listed (Active) CRMLS #PW18068437 | $1,500,000 |
| 03/28/2018 | Listed (Active) CLAW #PW18068437MR | $1,500,000 |
| 12/19/2012 | Expired CRMLS #P154675 | $275,950 |
| 07/23/2004 | Withdrawn / Cancelled CLAW #P369446MR | — |
| 07/23/2004 | Withdrawn / Cancelled CRMLS #P369446 | $769,500 |
| 11/17/2003 | Listed (Active) CLAW #P369446MR | $769,500 |
| 11/17/2003 | Listed (Active) CRMLS #P369446 | $769,500 |
| 11/17/2003 | Listed (Active) CRMLS #CC214253 | $769,500 |
| 09/09/2000 | Expired CLAW #P154675MR | — |
| 09/11/1999 | Listed (Active) CRMLS #P154675 | $275,950 |
| 09/11/1999 | Listed (Active) CLAW #P154675MR | $275,950 |
| 09/11/1999 | Listed (Active) CRMLS #CC205908 | $275,950 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1557 Pine Avenue
Schools near 1557 Pine Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Roosevelt Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.