1958 Pine Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated payment $13,761/month
About This Home
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.
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 1953
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
- 7,108 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 9 Bathrooms
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 7 / B
- Tax Tract Number 5730
- Assessor Parcel Number 7209017010
- $2,025 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 10 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $626
- Fuel Expense $626
- Gardener Expense $6,500
- Insurance Expense $12,273
- Maintenance Expense $10,905
- Pest Control $950
- Professional Management Expense $10,905
- Trash Expense $626
- Water Sewer Expense $626
- New Taxes Expense $25,375
- Operating Expense $70,490
- Gross Income $1,440
- Net Operating Income $147,607
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 | $33,037 | $2,444,940 | $1,040,400 | $1,404,540 |
| 2024 | $31,599 | $2,397,000 | $1,020,000 | $1,377,000 |
| 2023 | $23,393 | $1,734,000 | $714,000 | $1,020,000 |
| 2022 | $21,751 | $1,700,000 | $700,000 | $1,000,000 |
| 2021 | $4,982 | $296,889 | $115,856 | $181,033 |
| 2020 | $4,967 | $293,846 | $114,669 | $179,177 |
| 2019 | $4,910 | $288,085 | $112,421 | $175,664 |
| 2018 | $4,681 | $282,437 | $110,217 | $172,220 |
| 2017 | $4,630 | $276,900 | $108,056 | $168,844 |
| 2016 | $4,288 | $271,472 | $105,938 | $165,534 |
| 2015 | $4,143 | $267,395 | $104,347 | $163,048 |
| 2014 | $4,161 | $262,158 | $102,303 | $159,855 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $2,030,000 | -- | $286 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26098552
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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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Ask me questions while you tour the home.