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1922 Locust Avenue

Long Beach, CA 90806

– beds
– baths
– sqft
4,500 sqft lot
1946 build
– on site

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.

Listed By CRMLS_CA / Ryan Versfelt / Lyon Stahl Investment Real Estate, Inc. / 310-748-1445

Last checked: Checking… • Last updated May 24, 2025 •

MLS# SB25107697 —

The Building

Year Built:

1946
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4732.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

1
Laundry:

See Remarks
Laundry:

1

Location

Directions:

Off of Pacific Coast Highway and Long Beach Blvd
Latitude:

33.79223000
Longitude:

-118.19077500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBPD29
Lot Features:

0-1 Unit/Acre
Lot Size Area:

4500.0000
Lot Size Acres:

0.1033
Lot Size SqFt:

4500.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

C
Tax Census Tract:

5730.02
Tax Tract:

0123
Tax Lot:

19

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7209014024

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/14/25 May 14, 2025	Listed / Active	CRMLS_CA	$1,700,000	36.0%
9/17/24 Sep 17, 2024		CRMLS_CA	$1,250,000
7/24/24 Jul 24, 2024		CRMLS_CA	$1,250,000

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This multifamily located in Southeast Wrigley, Long Beach, CA 90806 is currently for sale for $1,700,000. 1922 Locust Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 59 days. 1922 Locust Avenue is in the Southeast Wrigley neighborhood of Long Beach and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Robinson Elementary School and Polytechnic High School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:39 on Jul 12.

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.