1952 Pine, Long Beach, CA 90806

Long Beach
Local realty services provided by:ERA Donahoe Realty
1952 Pine,Long Beach, CA 90806
$1,565,000
  • - Beds
  • - Baths
  • 5,490 sq. ft.
  • Multi-family
  • Active
Listed by: malcolm zeger
Office: buckingham investments, inc310-982-7055
MLS#:SB26098488
Source:CRMLS

Price summary

  • Price:$1,565,000
  • Price per sq. ft.:$285.06

About this home

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.

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Home facts

  • Year built:1940
  • Subdivision & Development:Wrigley Area (WR)
  • Listing ID #:SB26098488
  • Added:144 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Living area:5,490 sq. ft.

Structure and exterior

  • Year built:1940
  • Building area:5,490 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,565,000
  • Price per sq. ft.:$285.06
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