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5,490 sqft

$1,565,000

1952 Pine, Long Beach CA, 90806

Price per sqft$285.06
Built in1940
Property size5,490 sqft
Property typeCondominium
Listed by Malcolm Zeger CA DRE# 02013882 with Buckingham Investments, Inc 626-483-7983

Overview

Active

Listed May 6, 2026

Updated 21h ago

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.

$10,412/mo

Est. mortgage payment based on a $1,565,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26098488

Interior Features

Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Maintenance Expense
$8,447
55+/Senior Community
No
MLS provider logo

Listed by Malcolm Zeger CA DRE# 02013882 with Buckingham Investments, Inc 626-483-7983

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/10/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/10/2026 at 7:05 AM UTC Last Checked: 7:05 AM UTC

 

 

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