Apartment Building with New
For Sale
$1,565,000
1952 Pine Ave, Long Beach, CA 90806
Eight-unit multifamily property with newly completed accessory units and a shared courtyard.
Property SizeContact for details
Days on Market134
Property Features for 1952 Pine Ave
General Information
Standard status
Active
Property subtype
Residential Income
Financials
Cap Rate
7.3%
Gross Rent Multiplier
8.81
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
courtyard
Listing Agency:
Buckingham Investments, Inc
(310) 982-7055
Listed By:
Malcolm Zeger · License #02013882
(626) 483-7983
Source:
Exprealty
Added: May 6
Changed: Sep 2
Last Checked: Sep 15 at 12:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buckingham Investments, Inc
Investment Insights
Based on property information with market context.
This Long Beach multifamily property includes an 8-unit apartment building and two newly built 1BD/1BA accessory dwelling units created from the rear garages. Each ADU measures 386 square feet. A centrally positioned courtyard provides a shared outdoor area for residents.
The property is in the South Wrigley neighborhood, approximately 1.5 miles from Downtown Long Beach and less than a mile from the 710 freeway. Nearby amenities include a Metro Line station, shopping centers, medical facilities, schools, and dining options.
Current operating metrics include an 8.81X GRM and a 7.3% cap rate. The property is also offered for sale with the neighboring 1958 Pine property.
The property is in the South Wrigley neighborhood, approximately 1.5 miles from Downtown Long Beach and less than a mile from the 710 freeway. Nearby amenities include a Metro Line station, shopping centers, medical facilities, schools, and dining options.
Current operating metrics include an 8.81X GRM and a 7.3% cap rate. The property is also offered for sale with the neighboring 1958 Pine property.
Key Highlights
- 8‑unit apartment building with 2 newly built 1BD/1BA ADUs
- Each ADU measures 386 square feet
- 8.81X GRM and 7.3% cap rate
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,653
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit multifamily property with newly completed accessory units and a shared courtyard.
Where is this apartment building located?
The property is located at 1952 Pine Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,565,000.
What are key features of this property?
This property features: 8‑unit apartment building with 2 newly built 1BD/1BA ADUs; Each ADU measures 386 square feet; 8.81X GRM and 7.3% cap rate
