$2,030,000
 $10,897 est/mo Sourced by Back At You

1958 Pine,Long Beach, CA 90806

Long Beach, CA 90806

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

Details

MLS #SB26098552
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive Under Contract
Year1953
Days On Site111
Listing Provided ByBuckingham Investments, Inc | Malcolm Zeger

Features

SQ Feet7,108
Story(s)2
Units10
Building(s)2
Acreage0.15

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Parking FeaturesAssigned
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$2,030,000
low | high
Med:
$1,582,500
72.044334975369% of Average
sqft:
7,108
low | high
Med:
5,184
77.075126617895% of Average
$ / sqft:
$286
low | high
Med:
$307
42.656194208443% of Average
On site:
111
low | high
Med:
94.5
100% of Average
Sourced by Back At You

Market Activity 90806

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$2,030,000
low | high
Med:
$1,582,500
72.044334975369% of Average
sqft:
7,108
low | high
Med:
5,184
77.075126617895% of Average
$ / sqft:
$286
low | high
Med:
$307
42.656194208443% of Average
On site:
111
low | high
Med:
94.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.522M - $2.537M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
1952 Pine Property Photo 1
$1,565,000
1952 Pine
Long Beach, CA 90806
Listing Updated: August 24, 2026 at 9:43:59 AM PDT