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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.
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!
Key Features
- Built in 1940
- 0.15 acre lot
- 2 stories
Property Details
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 $6,782 based on 20% down at 6.5% interest.
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 or malcolm.zeger@buckinghaminvestments.com.
