For Sale
$2,030,000
1958 Pine
Long Beach, CA 90806
- 6,742 sq ft lot
- Built 1953
Listed by: Buckingham Investments, Inc · 626-483-7983
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.
Home details
Interior
- Laundry
- Common Area
Exterior & lot
- Lot size
- 6,742 sq ft (0.15 acres)
- Lot features
- 6-10 Units/Acre
- Pool
- None
- Garage spaces
- 0
- Parking
- Assigned
- Common walls
- 2+ Common Walls
Property & community
- Property type
- Apartment
- Year built
- 1953
- Community
- Urban
- County
- Los Angeles
- MLS #
- SB26098552
- Listed
- May 6, 2026
Location
Listed by: Buckingham Investments, Inc · 626-483-7983
Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.
Listing data last updated Oct 16, 2026 3:30 am.
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Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.