Apartment for sale in Southern California — $1,700,000. 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…
$1,700,000
1922 Locust, Long Beach, CA 90806
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.
Listing updated: May 19, 2026 at 12:38 AM
Listed by: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS#: SB26104278, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/19/2026 Source: CRMLS, #SB26104278 | Listed for sale | $1,700,000 |
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