1952 Pine Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated payment $10,187/month
About This Home
Priced to sell! This well-performing 8-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 386 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.81X GRM and 7.3% cap rate. There is a courtyard in the middle of the property for tenant enjoyment. This 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, 1958 Pine. Offering memorandum in supplemental materials.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 626-483-7983 License #02013882 Listed on: 05/06/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 6,742 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,490 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- Unit 6 Bathroom: 0
- Unit 7 Bathroom: 0
- Unit 8 Bathroom: 0
- Unit 1 Bathroom: 0
- Unit 2 Bathroom: 0
- Unit 3 Bathroom: 0
- Unit 4 Bathroom: 0
- Unit 5 Bathroom: 0
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 9 / B
- Tax Tract Number 5730
- Assessor Parcel Number 7209017012
- $1,581 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Wrigley Area Subdivision
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,948
- Fuel Expense $1,948
- Gardener Expense $2,435
- Insurance Expense $6,660
- Maintenance Expense $8,447
- Pest Control $965
- Professional Management Expense $10,136
- Trash Expense $1,948
- Water Sewer Expense $1,948
- New Taxes Expense $19,563
- Operating Expense $56,768
- Gross Income $2,100
- Net Operating Income $11,217
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,989 | $1,685,448 | $702,270 | $983,178 |
| 2024 | $21,989 | $1,652,400 | $688,500 | $963,900 |
| 2023 | $15,850 | $1,175,667 | $382,775 | $792,892 |
| 2022 | $14,889 | $1,152,616 | $375,270 | $777,346 |
| 2021 | $14,575 | $1,130,016 | $367,912 | $762,104 |
| 2019 | $14,367 | $1,097,300 | $357,000 | $740,300 |
| 2018 | $8,332 | $609,329 | $284,897 | $324,432 |
| 2016 | $7,656 | $584,901 | $273,835 | $311,066 |
| 2015 | $7,363 | $576,116 | $269,722 | $306,394 |
| 2014 | $7,339 | $564,832 | $264,439 | $300,393 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $1,565,000 | -3.4% | $285 / Sq Ft | |
| 06/20/2023 06/20/23 | Sold | $1,620,000 | -4.6% | $343 / Sq Ft | View Prior Sale |
| 04/24/2023 04/24/23 | Pending | -- | -- | -- | |
| 02/21/2023 02/21/23 | For Sale | $1,699,000 | +58.0% | $360 / Sq Ft | |
| 04/06/2018 04/06/18 | Sold | $1,075,000 | -2.2% | $228 / Sq Ft | View Prior Sale |
| 02/23/2018 02/23/18 | Pending | -- | -- | -- | |
| 02/15/2018 02/15/18 | For Sale | $1,099,000 | -- | $233 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26098488
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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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