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Listed by Malcolm Zeger, DRE #02013882 • Buckingham Investments, Inc
$ 1,565,000
Est. payment /mo
Contingent
1952 Pine Long Beach, CA 90806
6,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB26098488
Year Built 1940
Lot Size 6,742 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Laundry None
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 7209017012
Special Listing Condition Not Applicable , Accepting Backups
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