1883 Pine, Long Beach, CA 90806

• 4,666 sqft

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

Listing Status:

Pending

Date Added:

September 24, 2025 at 05:00AM

Listing Office:

Buckingham Investments, Inc : 310-982-7055

Listing Agent:

Anthony Walker : 310-982-7055

MLS ID:

CRSB25222853

Interior

• Laundry: Laundry Closet
• Flooring: Laminate
• A/C: Other
• Heating: Wall FurnaceOther

Exterior

• Parking: Other

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: 7209021002
• View: None

This listing courtesy of Anthony Walker, Buckingham Investments, Inc