1952 Pine, Long Beach, CA 90806
List Price: $1.56M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1940
Lot Size: 6,742 sq ft
Private Pool: Yes
MLS Number: SB26098488
About This Property
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 provided by: Malcolm Zeger DRE #02013882 310-982-7055 malcolm.zeger@buckinghaminvestments.com, Buckingham Investments, Inc
Source: CRMLS, MLS #: SB26098488
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