Under contract

Listed by: Buckingham Investments, Inc • Malcolm Zeger • Contact: 626-483-7983

$2,030,000

1958 Pine Ave, Long Beach, CA 90806

16beds

9baths

7,108sqft

$13,773/mo

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Multi Family

Built in 1953

-- sqft lot

$1,953,600 Zestimate^®

$286/sqft

$-- HOA

What's special

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.

80 days

22

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 9

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,108
Total interior livable area: 7,108 sqft

Property

Parking

Total spaces: 2
Parking features: Assigned
Uncovered spaces: 2

Features

Entry location: Front
Pool features: None

Lot

Size: 6,742 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7209017010
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1953

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Urban
Subdivision: Wrigley Area (Wr)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $286/sqft
Date on market: 5/6/2026
Cumulative days on market: 80 days
Listing terms: Cash,Cash to New Loan,Conventional

Estimated market value

$1,953,600

$1.86M - $2.05M

$3,161/mo

Price history

Date	Event	Price
7/23/2026	Contingent	$2,030,000$286/sqft
Source: CRMLS #SB26098552 Report a problem
5/6/2026	Listed for sale	$2,030,000$286/sqft
Source: CRMLS #SB26098552 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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