1958 Pine
Long Beach, CA 90806
Listing broker / agent: Buckingham Investments, Inc · Malcolm Zeger · 626-483-7983 · CRMLS
MLS # SB26098552 · Last checked Oct 20, 2026 20:07 UTC
About this property
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.
Property details
- MLS number
- SB26098552
- Status
- Active Under Contract (Backup)
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.1548 acres
- County
- Los Angeles
- Year built
- 1953
More property detailsCollapse
Listing
- Days on market
- 155
Building
- Year built
- 1953
- Year built source
- Assessor
- Building stories
- 2
- Entry level
- 1
Rooms & interior
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 0
- Parking
- Assigned
- Pool
- None
- Lot features
- Six To Ten Units Acre
- Lot size source
- Owner
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Urban
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Intellectual Virtues Academy (school website, opens in a new tab) Los Angeles County Office of Education · Long Beach | 9–12 | 0.4 mi |
| Bobbie Smith Elementary Long Beach Unified · Long Beach | K–5 | 0.5 mi |
| Roosevelt Elementary Long Beach Unified · Long Beach | K–5 | 0.5 mi |
| Polytechnic High Long Beach Unified · Long Beach | 9–12 | 0.6 mi |
| Lafayette Elementary Long Beach Unified · Long Beach | K–5 | 0.7 mi |
| Clear Passage Educational Center (school website, opens in a new tab) Long Beach Unified · Long Beach | 9–12 | 0.9 mi |
| Robinson Academy Long Beach Unified · Long Beach | K–8 | 1.0 mi |
| Washington Middle Long Beach Unified · Long Beach | 6–8 | 1.0 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,030,000
- MLS-reported original asking price
- $2,030,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 9, 2026 05:18 | $2,030,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Long Beach
Active residential homes for sale in Long Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
114 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-20 20:50 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
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Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗