1952 Pine, Long Beach, CA — listing photo 1
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FOR SALE

1952 Pine

Long Beach, CA 90806
6,742 Lot Sq Ft
Built 1940
$1,565,000

Property Overview

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.

Home Details

Property type
Residential Income - Apartment
Year built
1940
Lot size
6,742 sq ft
Stories
2
Days on market
156
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Six To Ten Units Acre

Community, Schools & Utilities

Community

Subdivision
Wrigley Area (WR)

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1952 Pine

Long Beach, CA 90806

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Frequently Asked Questions About 1952 Pine

Property type: Residential Income

The current asking price is $1,565,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1952 Pine. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1940. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 156 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Malcolm Zeger
MLS ID: sbzegemal

Available property

$1,565,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.