$1,565,000
1952 Pine, Long Beach CA 90806
Multi-Family (8 Units)
Property type
30 days
On market
$285
Price per sqft
0 cars
Garage
1940
Year built
6,742 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Malcolm Zeger DRE #02013882, Buckingham Investments, Inc
Listing updated: May 12, 2026 at 05:27pm.
Last checked: Jun 5, 2026 at 01:30pm
Source: CRMLS #SB26098488
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 0 | — | $1,875 | $1,875 | $1,875 | Unfurnished |
| 1 | 1 | 0 | — | $1,895 | $1,895 | $1,895 | Unfurnished |
| 1 | 1 | 0 | — | $1,875 | $1,875 | $1,875 | Unfurnished |
| 1 | 1 | 0 | — | $1,875 | $1,875 | $1,875 | Unfurnished |
| 1 | 1 | 0 | — | $1,875 | $1,875 | $1,875 | Unfurnished |
| 1 | 1 | 0 | — | $2,050 | $2,050 | $2,050 | Unfurnished |
| 1 | 1 | 0 | — | $1,595 | $1,595 | $1,650 | Unfurnished |
| 1 | 1 | 0 | — | $1,595 | $1,595 | $1,650 | Unfurnished |
# of Buildings: 2
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.9x
List Price / Annual Gross Rent
Cap Rate
7.2%
NOI / List Price
Gross Scheduled Income: $175,620
Vacancy Allowance Rate: 5%
Operating Expense: $56,768
Net Operating Income: $11,217
Annual Operating Expenses
Electric: $1,948
Gardener: $2,435
Fuel: $1,948
Insurance: $6,660
Licenses: $767
Maintenance: $8,447
New Taxes: $19,563
Pest Control: $965
Professional Management: $10,136
Trash: $1,948
Water / Sewer: $1,948
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7209017012
Additional Parcels: No
Tax Lot: 9
Tax Block: B
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1952 Pine, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,252,000
Total Interest
$1,596,857
Total Payment
$2,848,857
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,694
per month
Property History for 1952 Pine
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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