Apartment for sale in Southern California — $2,030,000. 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…
$2,030,000
1958 Pine, Long Beach, CA 90806
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.
Listing updated: May 12, 2026 at 10:27 AM
Listed by: Malcolm Zeger, Buckingham Investments, Inc
Source: CRMLS, MLS#: SB26098552, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/06/2026 Source: CRMLS, #SB26098552 | Listed for sale | $2,030,000 |
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