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Listed by: Malcolm Zeger (626) 483-7983 DRE #02013882 | Buckingham Investments, Inc (310) 982-7055
$2,030,000
16 Beds
9 Baths
--sqft
1958 Pine, Long Beach, CA 90806
$2,030,000
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Apartment
Built in 1953
$-- HOA
6,742 sqft lot
--/sqft
Description
Priced to sell! This well-performing 10-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 485 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.85X GRM and 7.3% cap rate. New electrical meters and main installed. This 1950's built 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 oppo...
Continue Reading- Houzeo last checked: 41 minutes ago
- Listing updated: May 12, 2026 at 5:27 pm
- Source: California Regional MLS-CA | MLS#: SB26098552
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1953
HOA Fees
-
Finished Area
- sqft
Lot Size
6,742 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26098552
MLS Status
Active
Days on Market
76
Cumulative Days on Market
6
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