Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25107697
MLS Source
California Regional MLS
Days on Site
66
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Contact Information
Listing Agent
Ryan Versfelt
Lyon Stahl Investment Real Estate, Inc.
License #: 02212779
Phone: –
Co-Listing Agent
Boris Almengor
License #: 02092597
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 7 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1922 Locust Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a 4,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,700,000 and was built in 1946. This address can also be written as 1922 Locust Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of May 24, 2025. For the most current information, please contact Ryan Versfelt
