1958 Pine, Long Beach, CA 90806

Long Beach
Local realty services provided by:ERA Excel Realty
1958 Pine,Long Beach, CA 90806
$2,030,000
  • - Beds
  • - Baths
  • 7,108 sq. ft.
  • Multi-family
  • Active
Listed by: malcolm zeger
Office: buckingham investments, inc310-982-7055
MLS#:SB26098552
Source:CRMLS

Price summary

  • Price:$2,030,000
  • Price per sq. ft.:$285.59

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
  • Listing ID #:SB26098552
  • Added:1 day(s) ago
  • Updated:May 06, 2026 at 08:30 PM

Rooms and interior

  • Living area:7,108 sq. ft.

Structure and exterior

  • Year built:1953
  • Building area:7,108 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,030,000
  • Price per sq. ft.:$285.59

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:2
  • Parking description:Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of May 6, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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