33
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$2,095,000
Est. payment /mo
4,666 SqFt
Pending
1883 Pine Long Beach, CA 90806
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,666 sqft
Price per Sqft $448
MLS Listing ID CRSB25222853
HOA Y/N No
Year Built 1979
Lot Size 6,768 Sqft
Acres 0.16
Property Sub-Type Other
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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Other
Flooring Laminate
Fireplace No
Laundry Laundry Closet
Exterior
View Y/N false
View None
Building
Lot Description Other
New Construction No
Others
Tax ID 7209021002
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Listed by Anthony Walker • Buckingham Investments, Inc
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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