1958 Pine
Long Beach, CA 90806
16
Bed
9
Bath
6,742Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1953Building Area Total: 7108Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6742 Lot Size Acres: 0.1548 Lot Size Source: Owner Lot Size Square Feet: 6,742 Lot Description: SixToTenUnitsAcreProperty Information
Subdivision: Wrigley Area (WR) Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 73
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Listing Price Information
Listing Price: $2030000Cash, CashToNewLoan, Conventional
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Tax Information
Parcel Number: 7209017010 Tax Lot: 7 Tax Block: B
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Virtual Tour
Parking Information
Parking Total: 2 Assigned
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Location Information
Direction: North of PCH, East side of street on Pine. WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1952 Pine, Long Beach, CA, 90806 | $1,565,000 | 8 | -- | -- |
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ByOwner last updated this listing 07/28/2026 @ 07:52
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