James Nagorski - Coldwell Banker Commercial Real Estate Solutions Logo
$1,565,000
 $8,401 est/mo Sourced by Back At You

1952 Pine,Long Beach, CA 90806

Long Beach, CA 90806

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Description

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.

Details

MLS #SB26098488
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1940
Days On Site161
Listing Provided ByBuckingham Investments, Inc | Malcolm Zeger

Features

SQ Feet5,490
Story(s)2
Units8
Building(s)2
Acreage0.15

Exterior

Lot FeaturesSix To Ten Units Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$1,565,000
low | high
Med:
$1,550,000
50.958466453674% of Average
sqft:
5,490
low | high
Med:
4,877
61.165755919854% of Average
$ / sqft:
$285
low | high
Med:
$318
38.509735663455% of Average
On site:
161
low | high
Med:
128
100% of Average
Sourced by Back At You

Market Activity 90806

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Contact

Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Community NameWrigley Area (WR)
Listing VS Median (in Wrigley Area (WR))
Price:
$1,565,000
low | high
Med:
$1,550,000
50.958466453674% of Average
sqft:
5,490
low | high
Med:
4,877
61.165755919854% of Average
$ / sqft:
$285
low | high
Med:
$318
38.509735663455% of Average
On site:
161
low | high
Med:
128
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.173M - $1.956M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
1922 Locust Property Photo 1
$1,700,000
1922 Locust
Long Beach, CA 90806
Listing Updated: October 9, 2026 at 9:58:40 AM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions