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Listed by Anthony Walker • Buckingham Investments, Inc
$ 2,095,000
Est. payment /mo
Pending
1883 Pine Long Beach, CA 90806
6,768 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25222853
Style Contemporary
Year Built 1979
Lot Size 6,768 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Rooms
Kitchen Oven Range - Electric, Oven Range - Gas, Oven - Gas, Oven - Electric
Interior
Heating Wall Furnace
Flooring Laminate
Laundry In Closet
Exterior
Parking Features Other
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Composition
Building
Foundation Concrete Slab
Water District - Public
Architectural Style Contemporary
Others
Tax ID 7209021002
Special Listing Condition Not Applicable
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