1952 Pine Long Beach, CA ^$ 1,565,000

1952 Pine

^$ 1,565,000

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Recently Listed

1952 Pine

Long Beach, CA, 90806

^$ 1,565,000

Studio Baths0.0 Sq 5,490

Monthly Estimate*

^$ 9,636

Listed by Buckingham Investments, Inc

1952 Pine, Long Beach, CA 90806 - Image 1

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1952 Pine, Long Beach, CA 90806 - Image 9

Studio

Multi-Family Home for sale in Long Beach, CA

for $1,565,000. This 5,490 square foot home was built in 1940 on a lot size of 0.1548.

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.

Multi-Family Active

Price

^$ 1,565,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1548

Year Built

1940

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26098488

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1940

Property Subtype Apartment

Gross Income 2100

Community Features Urban

County Los Angeles

Net Operating Income 11217

Operating Expense 56768

Insurance Expense 6660

New Construction false

Property Type Residential Income

Contingency Information provided is usually deemed reliable but it is NOT guaranteed accurate by the seller or listing agent. Sellers and seller representatives do not guarantee the accuracy of the square footage lot size bedroom or bathroom count permitted or un-permitted areas of the property laundry hookups rental amounts expenses etc. It is advised that buyers hire a professional inspection to inspect the property and check with the city for any concerns with the property. Buyers to do their own due diligence and verify all city permits and usages.

MaintenanceExpense 8447

Subdivision Name Wrigley Area (WR)

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions North of PCH East side of Pine.

City Long Beach

Entry Location Front

Senior Community Y/N false

Number Of Units Total 8

MLS Area 5 - Wrigley Area

Lot Size Units Square Feet

Lot Size Square Feet 6742

Listing Terms Cash Cash to New Loan Conventional

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 1948

Fuel Expense 1948

Trash Expense 1948

Water Sewer Expense 1948

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 9

Property Sub Type Additional Apartment

Taxes 19563

Cap Rate 7.2

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features None

Entry Level 1

Exterior

Lot Features 6-10 Units/Acre

Water Source Public

Total Parking 0

Lot Size Area 6742

Number of Buildings 2

Building Area Total 5490

Lot Size Acres 0.1548

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

* Excluded Features

List By

Buckingham Investments, Inc

Broker

malcolm.zeger@buckinghaminvestments.com

Affordability Calculator

$9,636

Per Month

Monthly Principal & Interest: $9,636
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,822,173

Percent of Sale Price 16%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/6/2026	$1,565,000		Listed Price

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1952 Pine, Long Beach, CA, 90806 is a Multi-Family Home for sale at $1,565,000 with 5,490 sqft and a lot size of 0.1548. 1952 Pine is a studio with 0.0 baths and was built in 1940. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/15/2026. 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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1952 Pine

Multi-Family Home for sale in Long Beach, CA

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