1922 Locust Avenue, Long Beach, CA 90806

Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1922 Locust Avenue,Long Beach, CA 90806
$1,700,000
  • - Beds
  • - Baths
  • 4,732 sq. ft.
  • Multi-family
  • Active
Listed by: ryan versfelt, boris almengor
Office: lyon stahl investment real estate, inc.
MLS#:SB25107697
Source:CRMLS

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$359.26

About this home

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.

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Home facts

  • Year built:1946
  • Listing ID #:SB25107697
  • Added:183 day(s) ago
  • Updated:November 15, 2025 at 12:19 AM

Rooms and interior

  • Living area:4,732 sq. ft.

Structure and exterior

  • Year built:1946
  • Building area:4,732 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$359.26
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