1922 Locust Avenue
Long Beach, CA, 90806
$1,700,000
Beds
0 Baths
SqFt
0.1 Acres
Add
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

Price:
$1,700,000
MLS #:
SB25107697
Status:
Active
Baths:
0
Address:
1922 Locust Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
May 12, 2025
State:
CA
ZIP:
90806
Lot Size:
4,500 sqft / 0.10 acres (approx)
Year Built:
1946
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1922 Locust Avenue
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