N/A
Bedrooms
$1,700,000
FOR SALELong Beach, CA
MLS# SB26104278
Cameron Samimi
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02035763
(310) 425-9838Brokerage: Lyon Stahl Investment Real Estate, Inc.
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
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.
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Closed sales reported in 90806, nearest first, last 12 months. All recent sales in Long Beach →
1922 Locust
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