1958 Pine, Long Beach, CA 90806

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Champions
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
  • Subdivision & Development:Wrigley Area (WR)
  • Listing ID #:SB26098552
  • Added:156 day(s) ago
  • Updated:October 10, 2026 at 10:45 AM

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

Parking

  • Total parking spaces:2
  • Parking description:Assigned
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