1922 Locust Avenue Long Beach, CA 90806
4,732 Sq. Ft. / 4,500 Sq. Ft., 0.103 acres lot size / Apartment
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7.32% Cap Rate and a 9.52 GRM, 1922 Locust Ave, is an 8-unit apartment building located in the South Wrigley submarket of Long Beach. 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. No local rent control - subject to AB-1482 CA Statewide rent control, which allows 5%+CPI rental increases.
property details
Type
Apartment
Status
Active
County
Los Angeles
Year Built
1946
Sq. Ft.
4,732
Lot Size
4,500 Sq. Ft., 0.1 acres
Listing Id
SB25107697
Courtesy Of
Ryan Versfelt - Lyon Stahl Investment Real Estate, Inc. 310-748-1445
List Office Phone
+1 310 425 9838
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Stories
2
Utility & Building Info
Sewer
Public Sewer
Parcel Number
7209014024
Water Source
Public Water
Building Area Total
4,732 Sq. Ft.
Price Per Sq Ft
$359
Architectural Style
2 Story
 |
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
05/14/2025
05/14/2025
|
Active |
$1,700,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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