$2,030,000

Multi Family In Long Beach

  • 7 Beds
  • 4 Baths
  • 6,744 Sqft lot
  • Updated: May 7
  • Source:
    San Diego MLS  MLS#SB26098552

About the 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
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 type

    Other

  • Floors

    2

Features

Explore the Area

1958 Pine, Signal Hill, California, United States View on Google Maps
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Buckingham Investments, Inc - Torrance

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Buckingham Investments, Inc - Torrance
California, United States
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11
Listings
2025
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Buckingham Investments, Inc - Torrance
Torrance, California, United States
View agency profile
Last updated
May 7
First listed
May 7
Listing reference
SB26098552
Listing status
Active under contract
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