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Long Beach Multifamily Investment Opportunity

1952 Pine, Long Beach, CA 90806

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For Sale

$1,565,000

Apartment - Long Beach, CA

Type:Apartment

Property size:

5,490 SF

Lot size:

6,742.00 Acres

Price / SF:

$285/SF

HighLights

High in‑place cash flow with an 8.81X GRM and 7.3% cap rate.
Two brand‑new 1BD/1BA ADUs (386 sq ft each) converted from rear garages.
Located in the South Wrigley neighborhood of Long Beach.
Proximity to the 710 freeway (less than a mile) and Downtown Long Beach (1.5 miles).
Walking distance to the Metro Line, shopping centers, medical facilities, schools, and dining.
8‑unit building with a courtyard for tenant enjoyment.

We can help!

Contact an agent

Malcolm Zeger

For Sale

$1,565,000

Apartment - Long Beach, CA

Type:Apartment

Property size:

5,490 SF

Lot size:

6,742.00 Acres

Price / SF:

$285/SF

Added:: May 6, 2026
Days on Market:: 54
Last Refresh:: Jun 28 at 11:06 pm

Property Features for 1952 Pine

General Information

Property type: Residential Multi Family
Property subtype: Apartment
Bedrooms: 8
Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Exterior features: Community Features Included: Urban, 6-10 Units/Acre
Standard status: Active
APN: 7209017012
Size: 5,490 SF
Lot size: 6,742.00 Acres

Building Details

Year built: 1940
Floors in Building: 2
Number of units: 8
Architectural style: Other

We can help!

Contact an agent

Malcolm Zeger

Listing agent Malcolm Zeger License #02013882

Listing office Buckingham Investments, Inc 1304 El Prado Ave Ste C, Long Beach, CA

Listing date May 6, 2026

MLS# SB26098488 Listing URL

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

High in‑place cash flow with an 8.81X GRM and 7.3% cap rate.
Two brand‑new 1BD/1BA ADUs (386 sq ft each) converted from rear garages.
Located in the South Wrigley neighborhood of Long Beach.
Proximity to the 710 freeway (less than a mile) and Downtown Long Beach (1.5 miles).
Walking distance to the Metro Line, shopping centers, medical facilities, schools, and dining.
8‑unit building with a courtyard for tenant enjoyment.

Overview

This 8-unit apartment building is located in the South Wrigley neighborhood of Long Beach. The property features two brand-new 386-square-foot 1-bedroom, 1-bathroom Accessory Dwelling Units (ADUs) converted from rear garages. The property has a courtyard for tenant enjoyment. Located approximately 1.5 miles from Downtown Long Beach and less than a mile from the 710 freeway, the property benefits from a strong rental location. Nearby amenities include the Metro Line, shopping centers, medical facilities, schools, and dining options. The property size is 5490 square feet and the lot size is 0.15477502295684115 acres.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$168.7k	$30.72
− Vacancy	−$7.9k	−$1.44
EGI	$160.7k	$29.28
− OpEx	−$72.3k	−$13.17
NOI	$88.4k	$16.10

5,490 SF · lease $30.72/SF/yr · vacancy 4.70% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,399 @ 7.0% cap · market cap 5.65%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,753 @ 7.0% cap · market cap 13.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1919993
Latitude: 33.7928527

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What type of property is this?

Apartment building - Well-performing 8-unit apartment building in Long Beach for sale.

Where is this apartment building located?

The property is located at 1952 Pine 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: High in‑place cash flow with an 8.81X GRM and 7.3% cap rate.; Two brand‑new 1BD/1BA ADUs (386 sq ft each) converted from rear garages.; Located in the South Wrigley neighborhood of Long Beach.

1952 Pine, Long Beach, CA 90806

Apartment - Long Beach, CA

Property Features for 1952 Pine

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Unit Retail Property with Patio

Long Beach Commercial Owner-User Opportunity

Two-Story Storefront Building in Long Beach

Retail Pad Building with Parking

Spanish-Style Triplex with Courtyard

Historic Quadplex with 3-Car Garage

Renovated Quadruplex with Stackable Laundry

12-Unit Multifamily Asset in Long Beach

Three-Unit Residential Income Property

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Long Beach Commercial Asset For Sale

Long Beach Eight-Unit Apartment Building

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