About This Home
This 8-bedroom, 0-bathroom multi-family at 1952 Pine in Long Beach, CA is listed for $1,565,000 ($285 per sqft). Built in 1940, the home offers 5,490 sqft of living space on a 0.15 acres lot.
Key Features
- Built in 1940
- 0.15 acre lot
- 2 stories
Property Details
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!
Monthly Cost Estimate
$8,370/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1952 Pine
Long Beach, CA 90806
Wrigley Area (WR)
Features & Amenities
Exterior Features
Questions & Answers
This 8-bedroom, 0-bathroom multi-family at 1952 Pine is listed at $1,565,000 ($285/sqft). The estimated monthly payment is $8,369 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.15 acre lot, 2 stories. Exterior Features: Community Features Included: Urban, 6-10 Units/Acre.
This property is listed by Malcolm Zeger and can be reached at 6264837983.
