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1952 Pine, Long Beach, CA 90806

  • $1,565,000

    •

  • —

    bed

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    bath

Multi-family for sale 4 days
Movoto is helping 68 homebuyers near you

About 1952 Pine

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 6,742 Sqft
Movoto estimate
Rental estimate
Property description
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.
Listed by
Listing Agent - Malcolm Zeger
Listing Agent Contact: 626-483-7983
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB26098488 • last updated 5 days ago
Movoto checked CRMLS for data 1 minute ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1548
Lot Size (SqFt) 6742
Year Built 1940
Interior
Laundry None
Exterior
Building Area Square Feet, 5490
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban
Subdivision Wrigley Area (WR), Wrigley Area (WR)
Directions North Of PCH, East Side Of Pine.
APN 7209017012
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 1948
Operating Expense 56768
Cap Rate 7.2
Expense: Insurance 6660
Total Expenses 56768
Expense: Maintenance 8447
Expense: Water/ Sewer 1948
Gross Income 2100
Expense: Electric 1948
Gross Multiplier 8.81
Gross Scheduled Income 175620
Expense: Fuel 1948
Expense: Gardener 2435
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4/10
Robinson Academy
public Grades K-8
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Southeast Wrigley

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77/100
Walk
94/100
Family
91/100
Dining
97/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90806
  • Southeast Wrigley
  • 1952 Pine

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/11/2026. 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.
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