$1,700,000
About this home
We are proud to present 1922 Locust Avenue, an 8-unit apartment building located in the South Wrigley submarket of Long Beach. This asset is currently operating at a 7.25% Cap Rate and a 9.59 GRM! 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.
Facts & features
- Laundry
- None
- Lot size
- 0.103 acres (4,500 sq ft)
- Pool
- None
- Year built
- 1946
- Parking
- None
- Area
- 5 - Wrigley Area
- County
- Los Angeles
- Community features
- Sidewalks, Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-05-11
- Terms
- Cash, Cash To New Loan, Conventional
- Parcel #
- 7209014024
- MLS #
- SB26104278
