1922 Locust Avenue, Long Beach, CA 90806

Local realty services provided by:ERA Excel Realty
1922 Locust Avenue,Long Beach, CA 90806
$1,700,000
  • - Beds
  • - Baths
  • 4,732 sq. ft.
  • Multi-family
  • Active
Listed by: ryan versfelt, boris almengor
Office: lyon stahl investment real estate, inc.
MLS#:SB25107697
Source:CRMLS

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$359.26

About this home

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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Home facts

  • Year built:1946
  • Listing ID #:SB25107697
  • Added:189 day(s) ago
  • Updated:November 20, 2025 at 02:18 PM

Rooms and interior

  • Living area:4,732 sq. ft.

Structure and exterior

  • Year built:1946
  • Building area:4,732 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$359.26
Based on information from California Regional Multiple Listing Service, Inc. as of November 20, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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