1958 Pine, Long Beach, CA 90806

Long Beach
Local realty services provided by:ERA Carlile Realty Group
1958 Pine,Long Beach, CA 90806
$2,030,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: malcolm zeger
Office: buckingham investments, inc310-982-7055
MLS#:SB26098552
Source:CRMLS

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Price summary

  • Price:$2,030,000

About this home

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 opportunity! Available for sale with neighboring property, 1952 Pine. Offering memorandum in supplemental materials.

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Home facts

  • Year built:1953
  • Subdivision & Development:Wrigley Area (WR)
  • Listing ID #:SB26098552
  • Added:190 day(s) ago
  • Updated:November 13, 2026 at 07:29 AM

Structure and exterior

  • Year built:1953

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,030,000

Parking

  • Total parking spaces:2
  • Parking description:Assigned
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