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California>Long Beach>Southeast Wrigley

1958 PineLong Beach, CA 90806

For Sale

$2,030,000

Smart Buyer Rebate $20,300

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.

Listed by Malcolm Zeger

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License #02013882

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Buckingham Investments, Inc

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626-483-7983

Last updated May 12, 2026

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Source: CRMLS #SB26098552

Listing Facts

  • TypeMulti-family
  • NeighborhoodSoutheast Wrigley
  • Days on Prevu41

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/06/2026
Listed by Buckingham Investments, Inc
$2,030,000

Property Details for 1958 Pine

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 10
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1953
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: Front

Measurements

  • Building Area Total: 7,108
  • Building Area Units: Square Feet
  • Lot Features: 6-10 Units/Acre
  • Lot Size Acres: 0.15
  • Lot Size Area: 6,742
  • Lot Size Source: Owner
  • Lot Size Square Feet: 6,742
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.3
  • Gross Income: $1,440.00
  • Operating Expense: $70,490.00

Taxes

  • Parcel Number: 7209017010

Other

Location

  • Subdivision Name: Wrigley Area (WR)
  • Tax Block: B
  • Tax Lot: 7

Parking

Parking

  • Open Parking Spaces: 2
  • Parking Features: Assigned
  • Parking Total: 2

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1958 Pine.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 1958 Pine.

How does 1958 Pine compare to other multi-family homes in Southeast Wrigley?

This multi-family home is listed 57% above the average price for multi-family homes in Southeast Wrigley and has been on the market for 67 less days than the typical home in this area.

1958 Pine is a -bedroom multi-family home for sale in Long Beach CA 90806. Listed on Prevu for 41 days at $2,030,000. This residence is located in Southeast Wrigley. The median listing price for multi-family homes in this area is $938,000. Additional amenities include parking. Explore more multi-family home listings in Long Beach.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.