$1,700,000

Multi Family In Long Beach

  • 4 Beds
  • 4 Baths
  • 4,500 Sqft lot
  • Updated: May 19
  • Source:
    San Diego MLS  MLS#SB26104278

About the Property

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 fi
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.
  • Property type

    Other

  • Floors

    2

Features

  • Investment Property

Explore the Area

1922 Locust, Signal Hill, California, United States View on Google Maps
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Lyon Stahl Investment Real Estate, Inc. - El Segundo

Joined 9 months ago
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Lyon Stahl Investment Real Estate, Inc. - El Segundo
California, United States
View agency profile
51
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2025
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Lyon Stahl Investment Real Estate, Inc. - El Segundo
El Segundo, California, United States
View agency profile
Last updated
May 19
First listed
May 19
Listing reference
SB26104278
Listing status
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