Wrigley Area (5) Homes with Residential Income Property Type

Welcome to the Wrigley Area of Long Beach, California—a vibrant neighborhood that perfectly blends urban convenience with a welcoming community spirit. Nestled within Los Angeles County, Wrigley boasts a rich history and a diverse culture, making it an ideal place for families, professionals, and investors alike.

One of the standout features of the Wrigley Area is its charming residential income properties. These homes present an incredible opportunity for those looking to invest in real estate while enjoying the benefits of a thriving community. With a mix of single-family homes and multi-unit buildings, Wrigley offers various options for generating rental income. Imagine owning a beautifully restored bungalow or a modern duplex, all while being just minutes away from the vibrant downtown Long Beach, with its array of shops, restaurants, and entertainment options.

The neighborhood is also known for its lush parks and green spaces, providing residents with ample opportunities for outdoor activities. Families can enjoy weekends at the nearby parks, while commuters appreciate the easy access to major freeways and public transportation, making it a breeze to explore all that Los Angeles has to offer.

In addition to its appealing location and investment potential, Wrigley is characterized by its strong sense of community. Local events, farmers' markets, and neighborhood gatherings foster connections among residents, creating a warm and inviting atmosphere. Whether you’re looking to invest in a property or find your forever home, the Wrigley Area is a hidden gem waiting to be discovered. Come and experience the charm of Wrigley—where community and opportunity meet!

Newest Wrigley Area (5) Homes with Residential Income Property Type

$920,000

2 Beds ⋅ 2 Baths ⋅ 26865245 MLS ⋅ Active Status

Fantastic **REO** opportunity in Wrigley neighborhood of Long Beach! Charming and well maintained single-story duplex on a desirable tree-lined street. 6461 sq ft corner lot with alley access. LBR1N Zoning. Bank-owned property being sold strictly AS-IS seller will make no repairs. Property is currently occupied. Do Not Disturb Occupants All showings are by appointment only. Presently all offers are subject to interior inspection. **NO OPEN HOUSES**. The historic Wrigley neighborhood is known for its tree-lined streets, classic California bungalows, and strong sense of community. Enjoy nearby local favorites like The Bake 'n Broil, Breakfast Bar and The Lobster Guys, or take a walk along the Wrigley Greenbelt trail. Close to shopping on Willow St and easy freeway access all in one of Long Beach's most walkable, historic neighborhoods Don't miss this one!

2690 Oregon Avenue, Long Beach

$895,000

PW26158918 MLS ⋅ Active Status

This tastefully remodeled Spanish home with a permitted ADU blends classic charm with modern upgrades. The main home offers 2 bedrooms, 1 bathroom, and 1,061 sq. ft. Interior features include refinished hardwood floors, and a stylishly updated kitchen and bathroom. Recent improvements throughout the main home include upgraded windows, a tankless water heater, and updated HVAC, electrical, plumbing, and appliances. A major highlight is the permitted 400 sq. ft. detached ADU, built in 2021 and located behind the garage. This self-sufficient studio includes a double-glass door entry and features its own kitchen, appliances, bathroom, laundry hookups, ductless HVAC, and owned solar panels. The ADU also has its own address. Additional recent upgrades include a new concrete driveway and refreshed front yard landscaping. Outside, enjoy a spacious rear yard with mature citrus trees and the potential to divide the space for added privacy for each unit. A two-car garage completes the property, offering flexible indoor-outdoor living and contemporary convenience.

2310 Magnolia Avenue, Long Beach

$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

$1,699,000

PW26139994 MLS ⋅ Active Status

Prime mixed-use property for sale in Long Beach! This versatile investment opportunity features two retail units in the front, perfect for businesses seeking high visibility and foot traffic. The rear of the property boasts six multifamily units, offering a blend of convenience and comfort for tenants. Located ten minutes from the beach and one minute from Pacific Coast Highway, this property ensures easy access to local attractions, dining, and shopping. This property presents a unique investment opportunity, combining commercial and residential potential in one of Long Beach's most sought-after locations.

1861 -1871 Pacific Avenue, Long Beach

$2,299,000

RS26128997 MLS ⋅ Active Status

Welcome to 2015 San Francisco Avenue, a truly one-of-a-kind property in the heart of Long Beach’s desirable Wrigley neighborhood, where timeless vintage charm meets modern living and exceptional income potential. The beautifully remodeled main residence showcases inviting curb appeal with fresh exterior finishes, a custom metal gate, wood fencing, lime-washed walls, refinished hardwood floors, a custom-designed kitchen, spa-inspired bathrooms, and thoughtful upgrades throughout. The private backyard retreat features a new patio, lush landscaping, and a stock tank pool, creating the perfect setting for relaxation and entertaining. Modern comforts include a new HVAC system and tankless water heater. In addition to the main home, the property features a newly constructed 1,200 sq. ft. ADU with 4 bedrooms and 2 bathrooms, as well as a newly built 1,200 sq. ft. SB9 residence offering 4 bedrooms and 2 bathrooms, creating an exceptional opportunity for multigenerational living, rental income, or long-term investment. With projected rental income of approximately $4,500 per month for both the ADU and SB9 unit, this unique three-unit property combines historic character, modern construction, and strong cash-flow potential, making it one of the most compelling opportunities in Long Beach’s sought-after Wrigley neighborhood.

2015 San Francisco Avenue, 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

$1,100,000

SB26120106 MLS ⋅ Active Status

This exceptional triplex features a detached (3) bedroom 1 bath home, and a duplex with (2) 1 bedroom 1 bath units located in the rear. This unit mix delivers strong in-place income of $6,865/month with clear upside through market rent increases. Interiors have been updated with fresh finishes and systems and recent capital improvements remodels, roof work, and exterior paint — substantially reducing near-term maintenance obligations for a new owner. For the investor, this property generates immediate cash flow from day one. With a 30% down conventional loan, you step into positive cash flow at current rents with strong long-term appreciation potential and multiple built-in avenues to grow income over time. In addition, ADU permits were pursued to convert existing garages into more units (buyer to verify) offering another value-add play. For the owner-user, this is a rare live-and-earn opportunity. Occupy one of the units and let the other two work for you — tenant rents offset a substantial portion of your monthly carrying costs, making homeownership in Long Beach dramatically more attainable while you build equity in a cash-flowing asset. FHA and low-down owner-occupant financing options may apply. Located in a desirable Long Beach rental corridor, 2310 Elm Avenue offers an exceptional combination of immediate income, long-term appreciation, and multiple paths to grow value. Whether you are an investor seeking a turn-key cash-flowing asset or an owner-user ready to reduce your cost of living, this is the opportunity you have been waiting for.

2310 Elm, 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

$2,100,000

PW26109583 MLS ⋅ Active Status

This is a 9 units property consisting of 2 stores front and 7 units apartment in the back perfect for small business owner who want to own their own store without having to pay rent on their own business and have additional income from the apartments. close to public transportation, restaurants, other businesses.

1856 Pacific Avenue, 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

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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.