USACALong BeachWrigley Area (Wr)1922 Locust Ave
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1922 Locust Ave, Long Beach, CA

Condo

For Sale

Listed price in listed location currency (USD).
$1,700,000

000

MLS® SB25107697

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes 
Days Active 213
Approx. Age 1946
MLS® Number SB25107697

Property Address: 1922 Locust Ave, Long Beach, CA, 90806

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberSB25107697
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelSee Remarks
Exposure
Exterior
GarageNo
Approx. Age1946
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2025List Date
$1,700,000List Price

Home Appraisal

This property is estimated to sell between: $974,000 and $2,063,000.
Similar properties in this area sold on average for: $974,400
Expected to sell very soon! Similar properties sold in 66 days. This home has been on eXp Realty for 213 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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1922 Locust Ave, Long Beach, CA

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