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$2,030,000

  • For Sale
  • Active
  • Multi-Family
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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, 1952 Pine. Offering memorandum in supplemental materials.

Full Property Details for 1958 Pine

General

  • Price: $2,030,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26098552
  • Updated: 5/12/2026
  • Days on Market: 23 days
  • Added to Site: 23 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: 5 - Wrigley Area
  • County: Los Angeles
  • Development Name: 5 - Wrigley Area
  • Driving Directions: North of PCH, East side of street on Pine.

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 3
  • # Gas Meters: 10
  • # Electric Meters: 10

Structural Information

  • Entry Location: Front
  • Square Feet: 7,108
  • Year Built: 1953

Unit Information

Unit 1

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

Unit 2

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

Unit 3

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

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
  • Bedrooms: 1

Unit 7

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

Unit 8

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

Unit 9

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

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1548
  • Lot Size (Sq. Ft.): 6,742
  • Lot Size Source: Owner
  • Lot Description: 6-10 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $285.59
  • Price Per Unit: 203000

Listed by Buckingham Investments, Inc, Malcolm Zeger

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Listing agent

— 1958 Pine —

  • Malcolm Zeger

    Buckingham Investments, Inc

626-483-7983

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 1958 Pine

School District:Long Beach Unified School District
NameGradesDistance
Robinson Academy
1400 East 20th Street, Long Beach, CA 90806
K-81 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1958 Pine Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/06/2026
Listed
$2,030,000
-13.62%
MLS
3/28/2023
Sold
$2,350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1958 Pine

Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,037
41%
$2,444,940
41%
2023
$23,393
8%
$1,734,000
2%
2022
$21,751
337%
$1,700,000
473%
2021
$4,982
—
$296,889
1%
2020
$4,967
1%
$293,846
2%
2019
$4,910
5%
$288,085
2%
2018
$4,681
1%
$282,437
2%
2017
$4,630
8%
$276,900
2%
2016
$4,288
3%
$271,472
2%
2015
$4,143
—
$267,395
2%
2014
$4,161
3%
$262,158
—
2013
$4,051
—
$260,974
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1958 Pine

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Buckingham Investments, Inc, Malcolm Zeger

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1958 Pine, Long Beach, CA 90806 (MLS# SB26098552) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 1958 Pine is currently listed for $2,030,000 and was received on May 06, 2026. Want to learn more about 1958 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.

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