Home | Los Angeles County | Long Beach | 90806 | 1958 Pine
MLS: CRSB26098552 | Status: | Price: $2,030,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,742 | 1953 |
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.
| Field | Value |
|---|---|
| MLS # | CRSB26098552 |
| MLS Source | California Regional MLS |
| Days on Site | 6 |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 0 Car(s) |
Malcolm Zeger
Buckingham Investments, Inc
License #: 02013882
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Educational Partnership High School | public | 9-12 | 0.31 mi | 3 |
| Burnett Elementary School | public | K-5 | 0.50 mi | 4 |
| Washington Middle School | public | 6-8 | 0.54 mi | 4 |
| Roosevelt Elementary School | public | K-5 | 0.58 mi | 5 |
| Lafayette Elementary School | public | K-5 | 0.62 mi | 5 |
| Polytechnic High School | public | 9-12 | 0.65 mi | 7 |
| Robinson Academy | public | K-8 | 1.03 mi | 5 |
| Alvarado Elementary School | public | K-5 | 1.03 mi | 9 |
| Renaissance High School For The Arts | public | 9-12 | 1.13 mi | 8 |
| Whittier Elementary School | public | K-5 | 1.15 mi | 5 |
| International Elementary School | public | K-5 | 1.17 mi | 5 |
| Lincoln Elementary School | public | K-5 | 1.19 mi | 7 |
| Signal Hill Elementary School | public | K-5 | 1.19 mi | 8 |
| Garfield Elementary School | public | K-5 | 1.25 mi | 5 |
| Birney Elementary School | public | K-5 | 1.29 mi | 6 |
| Jessie Nelson Academy | public | 6-8 | 1.32 mi | 3 |
| Edison Elementary School | public | K-5 | 1.37 mi | 3 |
| Cabrillo High School | public | 9-12 | 1.37 mi | 3 |
| Stevenson Elementary School | public | K-5 | 1.40 mi | 5 |
| Reid High School | public | 11-12 | 1.54 mi | 2 |
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This listing information is up-to-date as of May 12, 2026. For the most current information, please contact Malcolm Zeger.