1883 Pine, Long Beach, CA 90806
Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
1883 Pine,Long Beach, CA 90806
$2,095,000
- - Beds
- - Baths
- 4,666 sq. ft.
- Multi-family
- Active
Listed by:anthony walker
Office:buckingham investments, inc
MLS#:SB25222853
Source:CRMLS
Price summary
- Price:$2,095,000
- Price per sq. ft.:$448.99
About this home
South Wrigley 8-Unit Turnkey Multifamily Property
Built in 1979 with two new ADUs added in 2025, this stabilized, meticulously maintained 8-unit property in the desirable South Wrigley neighborhood offers a rare investment opportunity. The building features (4) updated 2-bedroom units (2) updated 1-bedroom units and (2) modern 2-bedroom ADUs, all in excellent condition.
The main building’s units have been fully renovated with new cabinetry, countertops, ceramic tile and laminate flooring, appliances, electrical, plumbing, finish carpentry, hardware, interior/exterior doors, windows, and fresh paint inside and out. The 2025-built all-electric, separately metered ADUs include in-unit laundry and dedicated split-unit air conditioners for added tenant comfort. Six rear garages were converted into the ADUs, with (4) parking spaces retained behind the building. The property also boasts a 2024-installed roof, upgraded block wall/fencing, and a new parking gate, all completed with permits. The main building units are also separately metered for gas and electricity.
Priced attractively at a sub-10.5X GRM and a 6.2% cap rate, this turnkey property is located on a charming, tree-lined residential street with head-in parking. It’s less than a mile from the 710 Freeway, under 2 miles from the 405, and just 2 miles north of the beach, offering unmatched convenience and appeal.
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Home facts
- Year built:1979
- Listing ID #:SB25222853
- Added:1 day(s) ago
- Updated:September 24, 2025 at 10:29 PM
Rooms and interior
- Living area:4,666 sq. ft.
Heating and cooling
- Cooling:Ductless Air
- Heating:Ductless, Wall Furnance
Structure and exterior
- Roof:Composition
- Year built:1979
- Building area:4,666 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,095,000
- Price per sq. ft.:$448.99
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