About This Home

This 16-bedroom, 9-bathroom multi-family at 1958 Pine in Long Beach, CA is listed for $2,030,000. Built in 1953, on a 0.15 acres lot.

Key Features

  • Built in 1953
  • 0.15 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
9 full
2 spaces
1953
Listing Description

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, 1958 Pine. Offering memorandum in supplemental materials.

Monthly Cost Estimate

$10,857/mo

20% down · 6.5% · 30 years

Principal$1,468
Interest$8,797
Insurance$592

Estimates only. Actual payments may vary.

Location

1958 Pine

Long Beach, CA 90806

Wrigley Area (WR)

Property Details

Parking

Assigned

Questions & Answers

This 16-bedroom, 9-bathroom multi-family at 1958 Pine is listed at $2,030,000. The estimated monthly payment is $10,857 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1953, 0.15 acre lot, 2 stories, 2 parking spaces.

This property is listed by Malcolm Zeger.

MZ

Malcolm Zeger

License 02013882

Agent at Buckingham Investments, Inc.

Listed by Buckingham Investments, Inc. · Broker phone: (562) 208-4890 · Broker website

MLS# SB26098552· Source: California Regional Multiple Listing Service, Inc· 176 days on PropertySimple

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1958 Pine, Long Beach, CA 90806

Open this listing in: