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1958 Pine
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily asset containing 10 individual apartment units
- Current asking price set at $2,030,000
- Investment generates a 7.3 percent capitalization rate
- Located in the Long Beach 90806 submarket
- Positioned within the active Greater Los Angeles region
What's Special
Long Beach serves as a major economic hub in the Greater Los Angeles area, supported by a dense population and consistent demand for rental housing. Positioned within the 90806 ZIP code, this multifamily asset provides a strategic entry into a resilient submarket. The property consists of 10 apartment units, functioning as a stabilized investment vehicle for those seeking residential rental income in a coastal Southern California setting. Investors can leverage the existing scale of the building to manage a steady cash flow in a region where housing availability remains a primary concern for the local workforce. Proximity to major regional transportation corridors and local employment centers supports long-term occupancy prospects. This apartment building represents a practical addition to an existing portfolio or a foundational asset for market entry. The property is currently available for purchase at a price point of $2,030,000, reflecting its current performance metrics and regional market positioning.
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