Wrigley Area (5) Homes with Apartment Subtype

Wrigley Area (5) Homes with Apartment Subtype

Welcome to the Wrigley Area, a vibrant neighborhood nestled in the heart of Long Beach, California. Known for its charming residential streets and a strong sense of community, Wrigley offers a delightful blend of suburban tranquility and urban convenience. This neighborhood is characterized by its diverse population and a rich tapestry of local culture, making it an ideal place for families, young professionals, and retirees alike.

Wrigley is conveniently located near major freeways, providing easy access to the bustling city of Los Angeles and the picturesque beaches of Long Beach. The area boasts several parks, including the popular Wrigley Heights Park, where residents can enjoy outdoor activities, picnics, and stunning views of the cityscape. With a variety of local shops, cafes, and restaurants, Wrigley offers a unique shopping experience that reflects the eclectic spirit of Long Beach.

For those looking to invest in real estate, Wrigley is an excellent choice, particularly for homes with an apartment subtype. These properties provide a fantastic opportunity for homeowners seeking additional income through rental units or for multi-generational living arrangements. Many of the homes in this area feature spacious layouts, updated amenities, and inviting outdoor spaces, making them perfect for both relaxation and entertaining.

With its friendly atmosphere, convenient location, and diverse housing options, the Wrigley Area stands out as a hidden gem in Long Beach. Whether you’re looking to buy your first home, expand your investment portfolio, or simply enjoy the laid-back California lifestyle, Wrigley has something for everyone. Come explore the charm of Wrigley and discover your perfect home today!

Newest Wrigley Area (5) Homes with Apartment Subtype

$2,300,000
SB26144665 MLS ⋅ Active Status
1950 Pacific Ave presents a rare VALUE ADD Opportunity to acquire an 11-unit multifamily asset in Long Beach with strong in-place cash flow and two newly constructed ADUs already completed. The property features a desirable unit mix consisting of 1-bedroom and 2-bedroom units, including the two new ADUs, giving investors a clean combination of existing income, newer added rental units, and continued upside in rents. Built in 1962, the property totals approximately 6,733 square feet of building area on an approximately 8,591 square foot lot. Current scheduled rents total approximately $19,559 per month, or $234,712 annually, with market rents projected at approximately $21,940 per month before additional garage income, bringing total annualized market income to approximately $270,480. At the asking price of $2,300,000, the property is priced at approximately $209K per unit and $267 per net rentable square foot. The asset currently operates at a 9.80 GRM and 7.03% cap rate, with the ability to move toward an 8.50 GRM and 8.54% cap rate at market rents. The offering provides investors with strong current income, two newly built ADUs, and a clear path for additional rent growth in a central Long Beach location. With multiple units still below market and the ADU income already in place, 1950 Pacific Ave offers a compelling value-add opportunity with both immediate cash flow and long-term upside.

1950 Pacific, Long Beach
$1,175,000
SB26142307 MLS ⋅ Active Status
TWO-BEDROOM UNIT AVAILABLE FOR OWNER-OCCUPIED BUYER. Meticulous updates in 2018. Owner Installed ALL NEW copper plumbing throughout, fully rewired with ALL NEW electrical, breaker box and ALL NEW vinyl windows. Located in Long Beach, this well-maintained two-unit residential property totals approximately 2,416 square feet on a generous 6,501 square foot lot. Built in 1934 and zoned LBR2N, the property features two 2-bedroom/1-bath units with current scheduled gross income of approximately $62,040 and pro forma scheduled gross income of approximately $63,600. This asset presents an excellent opportunity for an owner-user or investor seeking stable rental income, rental upside, and long-term appreciation in a strong Long Beach rental market.

2250 Magnolia, Long Beach
$1,600,000
PW26122313 MLS ⋅ Active Status
Well-Maintained 7-Unit Apartment Investment with Strong Cash Flow. Exceptional opportunity to acquire a well-maintained 7-unit apartment property located in Long Beach's desirable South Wrigley neighborhood. Situated on a 7,500 square foot lot with approximately 4,919 square feet of improvements, this income-producing asset offers strong in-place cash flow, recent capital improvements, and immediate upside potential. The property consists of two upstairs 1-bedroom/1-bath units, four downstairs 1-bedroom/1-bath units, and one spacious downstairs 2-bedroom/1-bath unit. One upstairs unit is currently vacant and has been updated with new luxury vinyl plank flooring and refreshed interior finishes, providing immediate rental upside for a new owner. Seller believes a second unit may also be delivered vacant at closing, creating additional flexibility for lease-up or renovation strategies. Several units are currently being utilized with additional rooms beyond their original layouts. Four of the downstairs 1-bedroom units are being used as 2-bedroom units, while the larger downstairs unit is currently utilized as a 3-bedroom unit. Ownership has completed numerous capital improvements, including electrical service upgrades in 2025, copper repiping of the upstairs units, replacement of gas lines, installation of a copper main water supply line, and ongoing roof maintenance. Each unit is individually metered for gas and electricity, helping reduce owner-paid utility expenses and improve operating efficiency. The property currently generates approximately $13,075 per month in gross rental income and is offered at an attractive 6.4% cap rate and 10.20 gross rent multiplier (GRM) based on current operations. Investors may benefit from favorable financing options, with the property potentially qualifying for financing with approximately 25% down. Additional amenities include four garages, on-site parking, and a desirable courtyard-style layout that enhances tenant appeal. Conveniently located near Pacific Coast Highway, Downtown Long Beach, public transportation, shopping, dining, and major employment centers, this property is well-positioned to benefit from continued rental demand and long-term appreciation. This is a rare opportunity to acquire a stabilized multifamily investment offering strong current returns, recent capital improvements, vacancy upside, and significant long-term growth potential.

1876 Henderson Avenue, Long Beach
$2,005,000
OC26080679 MLS ⋅ Active Status
This balcony style building has been well maintained and boasts a strong community for long- term tenants. Located in the Wrigley area, offering 5 garages.

2045 Pine, Long Beach
$1,700,000
SB26104278 MLS ⋅ Active Status
We are proud to present 1922 Locust Avenue, an 8-unit apartment building located in the South Wrigley submarket of Long Beach. This asset is currently operating at a 7.25% Cap Rate and a 9.59 GRM! Priced at just $212k/unit, this investment offers a compelling mix of immediate cash flow and long-term upside in a rapidly developing market. The property is comprised of (8) 1-Bed/1-Bath units, with five recently remodeled. Three units are currently vacant and rent-ready, offering the perfect opportunity for an owner-user or investor to quickly add value. Situated just outside the booming Downtown Long Beach core, 1922 Locust Ave is primed to benefit from over $6 Billion in local investment, including transformational projects like the Long Beach Civic Center, Queen Mary Island, CSULB Downtown Village, Broadway Block, and the Ocean Aire Development.

1922 Locust, Long Beach
$2,030,000
SB26098552 MLS ⋅ Active Under Contract Status
Priced to sell! This well-performing 10-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 485 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.85X GRM and 7.3% cap rate. New electrical meters and main installed. This 1950's built property is located about 1.5 miles from Downtown Long Beach, and less than a mile to the 710 freeway, making this a strong rental location for tenants and investors. Tenants can utilize the nearby Metro Line, shopping centers, medical facilities, schools, and dining. Don't miss out on this incredible opportunity! Available for sale with neighboring property, 1952 Pine. Offering memorandum in supplemental materials.

1958 Pine, Long Beach
$1,565,000
SB26098488 MLS ⋅ Active Under Contract Status
Priced to sell! This well-performing 8-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 386 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.81X GRM and 7.3% cap rate. There is a courtyard in the middle of the property for tenant enjoyment. This property is located about 1.5 miles from Downtown Long Beach, and less than a mile to the 710 freeway, making this a strong rental location for tenants and investors. Tenants can utilize the nearby Metro Line, shopping centers, medical facilities, schools, and dining. Don't miss out on this incredible opportunity! Available for sale with neighboring property, 1958 Pine. Offering memorandum in supplemental materials.

1952 Pine, Long Beach
$975,000
PW26071898 MLS ⋅ Active Status
We are pleased to present a 4-unit multifamily property. Built in 1928 originally as a triplex, the subject property consists of 2,351 rentable square feet spread throughout a 6,258 square foot lot. The property consists of a Two Bedroom + Den / One Bathroom House with 2 Existing One Bedroom / One Bathroom Units and 1 Brand new One Bedroom ADU. It contains three garages and one storage space.

2129 Locust, Long Beach
$1,285,000
RS26056897 MLS ⋅ Active Status
Excellent opportunity to own a versatile mixed used property: 2337, 2339 & 2341 Long Beach Blvd, Long Beach, CA 90806. This mixed-use investment is located on a busy Long Beach Blvd corridor. The property features 4 large studio residential units on the second level and 2 large commercial units on the ground floor. One commercial unit is currently occupied by an established barber shop, while the second commercial space is available offering an excellent owner-user or leasing opportunity. The building has been recently upgraded and painted and includes coin-operated washer and dryer for tenant use. Additional highlights include a rear parking lot with approximately 10 spaces accessible from the alley. Prime location near Downtown Long Beach, Metro stations, and major thoroughfares. Strong income potential with upside for rental growth or repositioning. Buyer to verify zoning, permits, and development possibilities. Please do not disturb tenants. Property sold as-is.

2337 Long Beach, Long Beach
$1,649,000
PW25281978 MLS ⋅ Active Status
PRICE DROP! Built in 1949, the subject property consists of a unit mix of 7- 1 Bed / 1 Bath units & 1- 2 Bed / 1 Bath unit. Property features include 4 private garage parking, individually metered for utilities that helps keep the owners expenses down, a private storage area, and a gated perimeter! Close to downtown long beach, the beach, shopping and restraunts make for a strong rental market!!

1868 Locust, Long Beach
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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.