858-525-5007

1922 Locust, Long Beach CA 90806 | $1,700,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 4500 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 1946
  • MLS#: SB25107697
  • Community: 699 - Not Defined

Listing provided courtesy of Ryan Versfelt of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-11-11 09:11:47.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.1 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985