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Search Cali Homes Team
1883 Pine, Long Beach, CA 90806
- $2,070,000
Listing courtesy of Listing Agent: Anthony Walker (Anthony.walker@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Selling Office: Buckingham Investments, Inc.- Sold Price
- $2,070,000
- List Price
- $2,095,000
- Status
- CLOSED
- Days on Market
- 40
- Closing Date
- Dec 18, 2025
- MLS#
- SB25222853
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 1979
- Lot Size
- 6,768
- Acres
- 0.16
- Subdivision
- Wrigley Area (Wr)
- Neighborhood
- Wrigley Area (Wr)
- MLS Area Major
- Wrigley Area (5)
Property Description
South Wrigley 8-Unit Turnkey Multifamily Property Built in 1979 with two new ADUs added in 2025, this stabilized, meticulously maintained 8-unit property in the desirable South Wrigley neighborhood offers a rare investment opportunity. The building features (4) updated 2-bedroom units (2) updated 1-bedroom units and (2) modern 2-bedroom ADUs, all in excellent condition. The main building’s units have been fully renovated with new cabinetry, countertops, ceramic tile and laminate flooring, appliances, electrical, plumbing, finish carpentry, hardware, interior/exterior doors, windows, and fresh paint inside and out. The 2025-built all-electric, separately metered ADUs include in-unit laundry and dedicated split-unit air conditioners for added tenant comfort. Six rear garages were converted into the ADUs, with (4) parking spaces retained behind the building. The property also boasts a 2024-installed roof, upgraded block wall/fencing, and a new parking gate, all completed with permits. The main building units are also separately metered for gas and electricity. Priced attractively at a sub-10.5X GRM and a 6.2% cap rate, this turnkey property is located on a charming, tree-lined residential street with head-in parking. It’s less than a mile from the 710 Freeway, under 2 miles from the 405, and just 2 miles north of the beach, offering unmatched convenience and appeal.
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Additional Information
- Interior Features
- Ceiling Fan(s)
- Property Description
- Contemporary
- Flooring
- Laminate
- Appliances
- Electric Oven, Electric Range, Gas Oven, Gas Range
- Heating
- Ductless, Wall Furnace
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition
- Pool Type
- None
- Parking Features
- Paved
- View
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.