1922 Locust Avenue

Long Beach, CA 90806

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,732 Sqft
  • 4500
    Sqft(Lot)
$1,700,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49743623

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1946
    • Building Area Total: 4,732

    Pool Features

    • None

    Laundry Features

    • See Remarks

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1033
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4500

  • Listing Price Information

    • Original List Price: 1,700,000
    • Listing Contract Date: 2025-05-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7209014024

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Off of Pacific Coast Highway and Long Beach Blvd
    • Zoning: LBPD29
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 79
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 07/05/2025 @ 18:22

  • MLS: SB25107697
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,732 sqft, 4,500 sized lot, and 0 parking. are nearby neighborhoods.