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$2,070,000

  • Sold
  • Closed
  • Multi-Family
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South Wrigley 8-Unit Turnkey Multifamily Property Built in 1979 with two new ADUs added in 2025, this stabilized, meticulously maintained 8-unit property in the desirable South Wrigley neighborhood offers a rare investment opportunity. The building features (4) updated 2-bedroom units (2) updated 1-bedroom units and (2) modern 2-bedroom ADUs, all in excellent condition. The main building's units have been fully renovated with new cabinetry, countertops, ceramic tile and laminate flooring, appliances, electrical, plumbing, finish carpentry, hardware, interior/exterior doors, windows, and fresh paint inside and out. The 2025-built all-electric, separately metered ADUs include in-unit laundry and dedicated split-unit air conditioners for added tenant comfort. Six rear garages were converted into the ADUs, with (4) parking spaces retained behind the building. The property also boasts a 2024-installed roof, upgraded block wall/fencing, and a new parking gate, all completed with permits. The main building units are also separately metered for gas and electricity. Priced attractively at a sub-10.5X GRM and a 6.2% cap rate, this turnkey property is located on a charming, tree-lined residential street with head-in parking. It's less than a mile from the 710 Freeway, under 2 miles from the 405, and just 2 miles north of the beach, offering unmatched convenience and appeal.

Full Property Details for 1883 Pine

General

  • Sold For: $2,070,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB25222853
  • Added to Site: 154 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s)
  • Fireplace(s): None
  • Appliances: Electric Oven, Electric Range, Gas Oven, Gas Range
  • Flooring: Laminate

Rooms

Other Rooms

  • Laundry: In Closet

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Paved
  • Parking: Paved

Location

  • Area: 5 - Wrigley Area
  • County: Los Angeles
  • Development Name: 5 - Wrigley Area
  • Driving Directions: North of PCH, East of Pacific
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: Ductless
  • Heating Type: Ductless, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 9

Structural Information

  • Architectural Style: Contemporary
  • Foundation: Slab
  • Roof: Composition
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 4,666
  • Year Built: 1979

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1554
  • Lot Size Source: Assessor
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $443.63
  • Price Per Unit: 261875

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Buckingham Investments, Inc, Jeffrey Isenberg

Listing agents

— 1883 Pine —

  • Anthony Walker

    Buckingham Investments, Inc

  • Josh Ess

    Buckingham Investments, Inc

310-561-4776

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1883 Pine

School District:Long Beach Unified School District
NameGradesDistance
Robinson Academy
1400 East 20th Street, Long Beach, CA 90806
K-81.1 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1883 Pine

Date
Details
Price
Change
Source
12/18/2025
Sold
$2,070,000
-1.19%
MLS
9/24/2025
Listed
$2,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Buckingham Investments, Inc, Anthony Walker and Buckingham Investments, Inc, Josh Ess
Sold by Buckingham Investments, Inc, Jeffrey Isenberg

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1883 Pine, Long Beach, CA 90806 (MLS# SB25222853) is a Multi-Family property that was sold at $2,070,000 on December 18, 2025. Want to learn more about 1883 Pine? Do you have questions about finding other Multi-Family real estate for sale in Wrigley Area? You can browse all Wrigley Area real estate or contact a Coldwell Banker agent to request more information.