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1922 Locust Ave
For Sale $1,700,000
$1,700,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 4,500 Sq Ft
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,700,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1946 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7209014024 |
| MLS # | SB25107697 |
| Property ID | 320554223 |
| Lot Sqft | 4,500 |
| Zoning | LBPD29 |
| Total Units | 8 |
| Days on Market | 225 |
| Original List Price | $1,700,000 |
| Date Updated | November 18, 2025 |
| Date Created | May 12, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $4,565 | $0 |
| Net Income (Yr) | $ 124,437 |
| Cap Rate | 7.32% |
Listing Provided By
Ryan Versfelt an agent of Lyon Stahl Investment Real Est. Lic #02212779
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 18, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT