2553 Pine Avenue
Long Beach, CA, 90806
$950,000
MLS: 26645781
Beds
4
Baths
3
Sq Ft
1,833
Lot
0.11 ac
Year Built
1962
MLS #
26645781
Days on Market
51
Listed
Feb 16, 2026
Description
Welcome to 2553 Pine Avenue, a beautifully updated Craftsman with Prime ADU & Income Potential in the desirable Wrigley neighborhood of Long Beach, offering not just charm and space, but a serious income opportunity. This spacious 3-bedroom, 3-bathroom home with a versatile bonus room spans approximately 1,880 square feet and has been thoughtfully updated throughout. Brand-new flooring flows through the inviting living spaces, anchored by a classic fireplace that adds warmth and character. The fully remodeled kitchen features sleek countertops, updated cabinetry, and stainless-steel appliances, perfect for both everyday living and entertaining. All three bathrooms have been tastefully renovated with modern finishes, and the generously sized primary suite offers a private retreat with its own ensuite bath. But what truly sets this property apart is the attached garage with alley access, making it an ideal candidate for a large ADU conversion (buyer to verify). Whether you're looking to generate rental income, offset your mortgage, create a multigenerational living setup, or maximize long-term investment value, the layout and lot configuration provide outstanding flexibility and upside potential. Enjoy indoor-outdoor living in the private backyard, perfect for gatherings, gardening, entertaining, and relaxing under the sun, making this a rare blend of move-in-ready comfort and a value-add opportunity. Located on a tree-lined street near parks, shopping, dining, and major freeway access, this property combines lifestyle, location, and income potential. This is an increasingly rare find in Long Beach. Live in 1 and rent out the other. Build equity faster. Opportunities like this don't last.
Location
Long Beach, Los Angeles County, CA 90806
Open on Google Maps ↗Listed by: Christopher Neal · FML Capital Investment
Payment estimate
$6,899
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,000 · Loan: $855,000
- Principal & Interest
- $5,253
- Property tax (1.25%)
- $990
- Homeowners insurance
- $300
- Mortgage insurance
- $356
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $33,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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