2553 Pine Avenue
Long Beach, CA, 90806
$950,000
Original list price: $996,750
MLS: 26645781
Beds
4
Baths
3
Sq Ft
1,833
Lot
0.11 ac
Year Built
1962
MLS #
26645781
Days on Market
72
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
$7,061
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,000 · Loan: $855,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,415
- 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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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.
Similar Homes Nearby
Active and pending listings in ZIP 90806 (Long Beach)within ±10% of this home's price and size.
Local Market Stats
See Long Beach, CA 90806 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.