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1922 Locust Avenue, Long Beach, CA 90806
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$1,700,000
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Home Details for 1922 Locust Avenue
Price
$1,700,000
Type
Condo/Townhome
Year Build
1946
Lot Size
0.1033
County
Los Angeles
MLS®️ Listing#
SB25107697
On exitrealty.com
186 days
Property 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.
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Listing Courtesy: Lyon Stahl Investment Real Estate, Inc. - 310-748-1445. Presented by: Ryan Versfelt and Boris Almengor
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 16:46:57 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.
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$1,700,000
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EXIT ALLIANCE REALTY
24791 Washington Ave, Murrieta, CA 92562
Licensed in the state of California.
CA DRE# 01924483. Shawn Sorensen broker.