$1,700,000
 $9,126 est/mo Sourced by Back At You

1922 Locust,Long Beach, CA 90806

Long Beach, CA 90806

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Description

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.

Details

MLS #SB26104278
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1946
Days On Site104
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Cameron Samimi

Features

SQ Feet4,732
Story(s)2
Units8
Building(s)1
Acreage0.10

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Parking FeaturesNone
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks, Urban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Listing VS Median (in 90806)
Price:
$1,700,000
low | high
Med:
$1,582,500
56.911764705882% of Average
sqft:
4,732
low | high
Med:
4,749
49.640743871513% of Average
$ / sqft:
$359
low | high
Med:
$342
54.766363768766% of Average
On site:
104
low | high
Med:
61.5
100% of Average
Sourced by Back At You

Market Activity 90806

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Additional Information

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area5 Wrigley Area
Listing VS Median (in 90806)
Price:
$1,700,000
low | high
Med:
$1,582,500
56.911764705882% of Average
sqft:
4,732
low | high
Med:
4,749
49.640743871513% of Average
$ / sqft:
$359
low | high
Med:
$342
54.766363768766% of Average
On site:
104
low | high
Med:
61.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.275M - $2.125M
sqft: 3,500 - 5,500
Nearby Listings Property ImageNearby Listings Details
1952 Pine Property Photo 1
$1,565,000
1952 Pine
Long Beach, CA 90806
Listing Updated: August 21, 2026 at 11:22:21 PM PDT