3640 Pine Avenue
About This Property
Exceptionally rare opportunity in one of Long Beach's most coveted neighborhoods. This substantial 5-bedroom, 4-bath residence was thoughtfully converted from its original duplex design, offering unmatched flexibility for multigenerational living, guest accommodations, or income potential.
The generous first floor encompasses a large kitchen, formal living spaces, and multiple family gathering areas-designed for both everyday comfort and elegant entertaining. Upstairs, discover a sizable flex/game room perfect for a media lounge, home gym, or executive office. They are adjacent to a primary suite that provides your private retreat, while a second-floor ensuite offers ideal guest accommodations with complete privacy. Notably, a door may be added to this second-floor ensuite, providing easy access to the additional second-floor bedrooms. Recent upgrades include all new cement garage floor, finished drywall and fresh paint.
Multiple sliding glass doors create seamless indoor-outdoor flow to your private backyard retreat, complete with sparkling pool and thoughtfully designed low-maintenance landscaping. This distinctive property combines the space and layout of a duplex with the privacy and appeal of single-family living-a truly unique offering steps from Virginia Country Club.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Listed by First Team Real Estate | $1,499,000 | |
| Listed by First Team Real Estate | |||
| Nov 29, 2025 | Price Decreased |
$1,499,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Oct 11, 2025 | Relisted | $1,549,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017