1885 Locust
Long Beach, CA, 90806
$2,630,000
Beds
0 Baths
0 SqFt
0.16 Acres
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MLS #SB26063418 image #0
Excellent opportunity to acquire a 13-unit apartment complex in a strong rental pocket of Long Beach, just north of Downtown in the South Wrigley neighborhood. The property offers convenient access to the Metro A Line and major freeways (710, 405, 91), providing tenants with strong regional connectivity. Built in 1952, the asset features an attractive unit mix of ten (10) 1-bedroom/1-bath units, two (2) 2-bedroom/1-bath units, and one (1) 2-bedroom/2-bath townhouse-style unit. The property is gated, separately metered for gas and electricity, and includes on-site laundry for additional income. Recent improvements include exterior paint, upgraded electrical panel, new water heater, and completed SB 721 compliance, helping reduce near-term capital expenditure. Subject to AB 1482, offering investors a more predictable and flexible operating environment compared to stricter municipalities. Ideal for investors seeking stable cash flow with upside potential through rental increases and operational efficiencies. Strong fit for local buyers and 1031 exchange investors targeting a well-located Long Beach asset.

Property Details

Price:
$2,630,000
MLS #:
SB26063418
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
Listed Date:
Mar 24, 2026
Total Sq Ft:
8,264
Lot Size:
6,753 sqft / 0.16 acres (approx)
Year Built:
1952
5 – Wrigley Area5wrigleyareaWrigley Area Wr

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Schools

Interior

Laundry Features
CM
Levels
U

Exterior

Common Walls
NCW
Community Features
SDW

Financial

Gross Operating Income
$255,527
Net Operating Income
$161,160

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Apr 11, 2026
842
Single Family Listed
59
Avg DOM
435
Avg $ / SqFt
$1,045,581
Avg List Price

Property Summary

    Located in the Wrigley Area (WR) subdivision, 1885 Locust Long Beach CA is a Single Family for sale in Long Beach, CA, 90806. It is listed for $2,630,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1952. The average price per square foot for Single Family listings in Long Beach is $435. The average listing price for Single Family in Long Beach is $1,045,581.

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