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1958 Pine, Long Beach, CA 90806

  • $2,030,000

    •

  • —

    bed

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    bath

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

About 1958 Pine

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 6,742 Sqft
Movoto estimate
Rental estimate
Property 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.
Listed by
Listing Agent - Malcolm Zeger
Listing Agent Contact: 626-483-7983
Listing Office - Buckingham Investments, Inc
Source: CRMLS mls logo
MLS#SB26098552 • last updated 4 days ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1548
Lot Size (SqFt) 6742
Year Built 1953
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 7108
Parking Assigned
# Uncovered Spaces 2
# Parking Spaces 2
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 Street On Pine.
APN 7209017010
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 625.5
Laundry Income 1440
Operating Expense 70490
Cap Rate 7.3
Expense: Insurance 12273
Total Expenses 70490
Expense: Maintenance 10905
Expense: Water/ Sewer 625.5
Gross Income 1440
Gross Operating Income 218097
Expense: Electric 625.5
Gross Multiplier 8.85
Gross Scheduled Income 228060
Expense: Fuel 625.5
Expense: Gardener 6500
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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.

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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90806
  • Southeast Wrigley
  • 1958 Pine

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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