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$1,700,000

FOR SALE
Active

1922 Locust

Long Beach, CA

MLS# SB26104278

Apartment
172 days on marketNalren refreshed

Listing Agent

Cameron Samimi

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

DRE #: 02035763

(310) 425-9838

Brokerage: Lyon Stahl Investment Real Estate, Inc.

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1946

Year Built

4,500 sqft

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

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.

Facts & Features

Interior

Laundry Features
None

Exterior

Private Pool
No
Lot Features
0–1 Acre Lot

Building

Year Built
1946
Building Area Total
4,732
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
0
Parking Features
None
Parking Total
0

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