Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
90 Total Sales
1883 Pine Ave Long Beach, CA 90806
Southeast Wrigley Neighborhood
14
Beds
8
Baths
4,666
Sq Ft
6,768
Sq Ft Lot
Highlights
- Contemporary Architecture
- No HOA
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Ductless Heating Or Cooling System
- Ceiling Fan
About This Home
As of December 2025South 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.
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 09/24/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979 | Remodeled
Lot Details
- 6,768 Sq Ft Lot
- Two or More Common Walls
- East Facing Home
- Wrought Iron Fence
- Rectangular Lot
Home Design
- Contemporary Architecture
- Apartment
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 4,666 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Laminate Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Paved Parking
Location
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 30 / A
- Tax Tract Number 5730
- Assessor Parcel Number 7209021002
- $1,167 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 8 Units
- Wrigley Area Subdivision
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $750
- Fuel Expense $750
- Gardener Expense $960
- Insurance Expense $8,166
- Maintenance Expense $9,528
- Pest Control $500
- Professional Management Expense $11,423
- Trash Expense $750
- Water Sewer Expense $750
- New Taxes Expense $26,188
- Operating Expense $60,220
- Gross Income $200,220
- Net Operating Income $130,169
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/18/2025 12/18/25 | Sold | $2,070,000 | -1.2% | $444 / Sq Ft | |
| 11/03/2025 11/03/25 | Pending | -- | -- | -- | |
| 09/24/2025 09/24/25 | For Sale | $2,095,000 | +55.2% | $449 / Sq Ft | |
| 05/15/2024 05/15/24 | Sold | $1,350,000 | -10.0% | $377 / Sq Ft | View Prior Sale |
| 04/07/2024 04/07/24 | Pending | -- | -- | -- | |
| 03/08/2024 03/08/24 | For Sale | $1,500,000 | -- | $419 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Anthony Walker
-
Josh Ess
Seller Co-Listing Agent in 2025
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
37 Total Sales
-
Jeffrey Isenberg
Buyer's Agent in 2025
Jeffrey Isenberg
Buckingham Investments, Inc
(310) 982-7055
2 in this area
19 Total Sales
-
Nancy Wang
N
Seller's Agent in 2024
Nancy Wang
GoGo Realtors R.H Corp.
(626) 363-0330
1 in this area
26 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25222853
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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