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Listed by: Malcolm Zeger (626) 483-7983 DRE #02013882 | Buckingham Investments, Inc (310) 982-7055
$1,565,000
Monthly Est:$7,790
8 Beds
-- Bath
5,490sqft
1952 Pine, Long Beach, CA 90806
$1,565,000
$7,790/moEst:
Get Pre-Approved
Apartment
Built in 1940
$-- HOA
6,742 sqft lot
$285/sq.ft
Description
Priced to sell! This well-performing 8-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 386 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.81X GRM and 7.3% cap rate. There is a courtyard in the middle of the property for tenant enjoyment. This property is located about 1.5 miles from Downtown Long Beach, and less than a mile to the 710 freeway, making this a strong rental location for tenants and investors. Tenants can utilize the nearby Metro Line, shopping centers, medical facilities, schools, and dining. Don't miss out on this incredible opportunity! Available for sale with neighboring property, 1958 Pine. Offering memorandum in supplemental materials.
- Houzeo last checked: 13 minutes ago
- Listing updated: October 9, 2026 at 5:23 pm
- Source: California Regional MLS-CA | MLS#: SB26098488
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1940
HOA Fees
-
Finished Area
5,490 sqft
Lot Size
6,742 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26098488
MLS Status
Active
Days on Market
157
Cumulative Days on Market
156
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 8
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Laundry Features
None
Water Source
Public
Other Features
Community Features
Urban
Subdivision Name
Wrigley Area (wr)
Lot Features
Six To Ten Units Acre
Price History
| Date | Event | Price |
|---|---|---|
10/09/2026 Source: | Listed for Sale | $1,565,000 $285/sqft |
07/30/2026 Source: | Contingent (Active Under Contract) | $1,565,000 $285/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 11, 2026, 12:00AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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