Overview
- Apartment
- 0
- 1946
Description
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.
Address
Open on Google Maps- Address Locust
- City Long Beach
- State/county Los Angeles
- Zip/Postal Code 90806
Details
Updated on November 18, 2025 at 7:08 pm- Property ID: HZSB25107697
- Price: $1,700,000
- Garage: 0
- Year Built: 1946
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Ryan Versfelt
- DRE #: 02212779
- Contact Mail: ryan.v@lyonstahl.com
- Brokered by: Lyon Stahl Investment Real Estate, Inc.
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