1958 Pine Long Beach, CA $ 2,030,000
1958 Pine
$ 2,030,000
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1958 Pine

Long Beach, CA, 90806
$ 2,030,000
Baths1.0 Sq 7,108

Monthly Estimate*

$ 12,499

Listed by Buckingham Investments, Inc
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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,030,000 with 1 full bath. This 7,108 square foot home was built in 1953 on a lot size of 0.1548.

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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Multi-Family Active

Price

$ 2,030,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1548

Year Built

1953

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26098552

Days on Market

9

Features
General
Sewer Public Sewer
Garage Spaces 0
Pool Features None
Year Built 1953
Property Subtype Apartment
Gross Income 1440
Community Features Urban
County Los Angeles
Net Operating Income 147607
Operating Expense 70490
Insurance Expense 12273
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 10905
Subdivision Name Wrigley Area (WR)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North of PCH East side of street on Pine.
City Long Beach
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 10
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 625.5
Fuel Expense 625.5
Trash Expense 625.5
Water Sewer Expense 625.5
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 7
Property Sub Type Additional Apartment
Taxes 25375
Cap Rate 7.3
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 6-10 Units/Acre
Water Source Public
Total Parking 2
Lot Size Area 6742
Number of Buildings 2
Building Area Total 7108
Lot Size Acres 0.1548
Private Pool false
Lot Size Source Owner
Number of Separate Water Meters 3
Number of Separate Gas Meters 10
Number of Separate Electric Meters 10
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* Excluded Features
List By
Buckingham Investments, Inc

Broker

malcolm.zeger@buckinghaminvestments.com

Email

Affordability Calculator

$12,499
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,499
Monthly Property Taxes
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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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$2,030,000 Listed Price

Map


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1958 Pine, Long Beach, CA, 90806 is a Multi-Family Home for sale at $2,030,000 with 7,108 sqft and a lot size of 0.1548. 1958 Pine is a studio with 1.0 baths and was built in 1953. The property's zip code is 90806 which is in Long Beach, CA