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Stacey Alysson Melman

1952 Pine
Long Beach, CA, 90806
$1,565,000
Beds
0 Baths
0 SqFt
0.15 Acres
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MLS #SB26098488 image #0
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.
AGENT: Malcolm Zeger
LISTING BROKERAGE: Buckingham Investments, Inc
1952 Pine
Long Beach, CA

Property Details

Price:
$1,565,000
MLS #:
SB26098488
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
Listed Date:
May 6, 2026
Total Sq Ft:
5,490
Lot Size:
6,742 sqft / 0.15 acres (approx)
Year Built:
1940
5 – Wrigley Area5wrigleyareaWrigley Area Wr
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Schools

Interior

Laundry Features
NO

Exterior

Common Walls
_2CW
Community Features
URB

Financial

Maintenance Fee
$8,447
Net Operating Income
$11,217

Map

Community

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